About the Challenge

Welcome to the Algo Trading Challenge 2021 (Singapore).

Ideate your trading algorithms, test on a robust back-testing platform, and compete to make a name for yourself! Gain professional industry knowledge and practical skills to prepare yourself as the next-gen algo-trading professional.

This Challenge is open to public. Create teams of 1~4 members with diverse skills (maths, statistics, finance, coding, presentation) and register by 31 Jul 2021.



ideate

Best Sharpe

Registered teams of 1-4 students will prepare a trading proposal consisting of:

  • Executive summary
  • Trading idea description/logic
  • Team biography
  • Trading algorithm code

Trading algorithms are coded and tested on ALGOGENE’s back-testing engine before submission


Submission deadline: 20 Aug 2021

Award announced: 23 Oct 2021


** 6 outstanding teams will be selected to participate in the final round to fight for Best Strategy Design.


test

Best Market Return

Each team will submit one set of API key from an IG live account for live test


Algorithm will start to run in live market from 14-Sep-2021 2pm to 21-Oct-2021 2pm


Submission deadline: 14 Sep 2021

Award announced: 23 Oct 2021


** 6 outstanding teams will be selected to participate in the final round to fight for Best Strategy Design.


compete

Best Strategy Design

12 selected teams will present their trading plan to judges in a 5-minutes pitch session to fight for the Best Strategy Design on Final Day.

  • Team biography
  • Trading strategy
  • Trading logic

Judges will annouce winners in each of these categories:

  • Best Sharpe
  • Best Market Return
  • Best Strategy Design

Final Day: 6 Nov 2021


Judging Criteria

Schedule

Juding Criteria

Best Sharpe

A good strategy does not only need to be profitable, but it is also important to take care of the risk management.

  • Trading algorithm will be submitted and ALGOGENE's trading system will back-test the strategies.
  • The team with the highest Sharpe will win this award.

Best Market Return

A good return is the primary goal of every algo trading strategy.

  • For the live simulation, each participating group will be setting up live account to test the trading strategies of teams to ascertain outcomes.
  • The team with the highest return in one month live paper trade will win this award.

Best Strategy Design

Participants' knowledge and skills in developing the best algo trading strategy that demonstrated the following:

  • Trading Strategy Logic: reasonable return, manageable risk, stability and predictability;
  • Creativity: innovative use of statistical models, parameters, forecasting methodology or interpretation of data and novel ideas based on existing theory and models; and
  • Execution Potential: a realistic strategy and full consideration of factors including capital, trading time, market impact and risk management.

Awards

There are 3 award categories: (A) Best Sharpe (B) Best Market Return (C) Best Strategy Design.

The winning team from each category will be entitled to:


Cash prize


  • 1st place: SG$1,600
  • 2nd place: SG$600
  • 3rd place: SG$300

Certificate


All prize winners will receive a participation certificate

Free Subscription of Back-testing Engine


All prize winners will get 1-year free subscription of ALGOGENE's back-testing platform

Free Subscription of AI Robo-advisor


All prize winners will get 2-month free subscription of AI robo-adivsior, AO Summit from Finbot Limited

Internship / Full-time Employment Opportunities


All prize winners may have a chance to have internship / full-time employment from the Organisers

Join Algo Challenge Association (ACA)


All prize winners will connect with algo fund managers and industrial professionals in Algo Challenge Association (ACA)


Rules & Regulations

  1. This Challenge is open to public.
  2. Each individual contestant is only allowed to be in one team.
  3. Each team must elect one representative to liaise with the organizers.
  4. All entries must be the original work of the contestant team. Any form of plagiarism is prohibited and the contestant team will be disqualified from the Challenge.
  5. Each individual contestant is required to sign a Non-Disclosure Agreement with the organizers.
  6. Finalists must present valid ID cards and provide a copy for verification.
  7. The judging panel’s decision of the Challenge results is final. The organizers reserve the right to the final decision in all other areas.
  8. An online briefing session will be arranged during registration period to answer any inquiries about the Challenge.

FAQ

Q: If a person is overseas, can he/she still join the competition via zoom or to be in Singapore physically?

A: As this contest will take place via Zoom, overseas participants are still able to join the contest. Online or Physical Award Ceremony on the Final Day will be arranged according to Covid-19 situation.


Q: What are the Awards?

A: There will be 3 winning teams for each category (Best Sharpe, Best Market Return, Best Strategy Design). Winning teams would be receiving cash prices and winner kit during the award ceremony.


Q: How do teams receive their award if they are overseas?

A: Representative of the team will receive their award by mail. Winner kit will be sent in a courier box by special delivery or express mail services depending on your country.


Q: Is it possible to be the winning team for all 3 categories?

A: Teams would have the chance to compete in all 3 categories (Best Sharpe, Best Market Return, Best Strategy Design). Top 3 teams would be selected base on the judging criteria for each category.


Q: Will every individual participant required to submit API Key?

A: Participating teams would only need to submit one set of API Key. For more information on the API key, please visit https://www.ig.com/sg/trading-platforms/trading-apis.


Q: Who should we contact if we have problems opening the live (demo) account for the purpose of the algo challenge?

A: Please contact us at +65 6909 5923 or drop us an email at info@tradingplc.com.

Q: Are participants required to run algorithm in live market?

A: To compete in the Best Market Return category, each team would only need to submit one (1) set of API Key by 31 August 2021 to allow algorithm to sync up with the live market from 1st September 2021 to 30th September 2021.


Q: Is the competition restricted to Singaporean only?

A: Singapore Algo Challenge is a Singapore based competition. The objective of this competition is to explore and identify the talent in this advancing industry of trading and algorithmic. Thus, foreign talents are welcome to participant. Participants are to be fully responsible for and aware of individual’s country’s regulatory standards.


Registration

Form a team of 1~4 members with diverse skills (maths, statistics, finance, coding, presentation) and register by 31 Ju1 2021.

Application is closed.


Resources

The dataset provided includes tick level bid-ask updates for normal trading day from Jan 2010 to Dec 2019. Kindly note that data provided is strictly for trading strategy prototyping purposes only. Final round evaluations will be carried out using a new data set with the same structure but from a different time period. Thus, over-fitting of the data set is discouraged.


Trading Products

  • Foreign Exchange CFDs
  • Commodity CFDs
  • Equity Index CFDs

Datasets

Provide access to required historical data for model development and testing

  • Market data
  • News
  • Economic Statistics

System

Access to ALGOGENE's back-testing engine, cloud simulation environment and relevant technical documents


Parties

In Collaboration:

IG

Event Sponsors:

International Business Machines Corporation

Media Partners:

InvesTalk

Co-organisers:

Algo Challenge Association
ALGOGENE FINTECH. CO. LTD.
FINBOT LIMITED
Trading PLC

Results

The final result of the Algo Trading Challenge 2021 (Singapore) comes out! Congratulation to all winning teams!


Rank Team Best Strategy Design
1 JUSTRY Use a multi-strategy approach with different technical indicators such as RSI and MACD on forex market
2 OHLC Combine machine learning model with technical indicators such as ATR and MA to SPXUSD
3 ACBH A long only strategy with multiple limit levels to trade US30USD



Live Paper Trading Period: 22/9/2021-21/10/2021




Rank Team Best Return
1 ABCH +17.34%
2 OHLC +15.60%
3 JUSTRY +5.42%



Out of sample data: 1/1/2020-31/12/2020




Rank Team Best Sharpe
1 Champion At Heart 3.3543
2 OHLC 1.6294
3 JUSTRY 1.0197




Media Coverage

Facebook

The finale of Singapore Algo Trading Challenge 2021, TradingPLC and ACA, Oct 30, 2021

The very first Algo Trading Challenge in Singapore has reached the final stage of the challenge.

Join us live on 30 October, 11am to witness the champion strategy!