Cambridge and Oxford teams compete in algorithmic crypto trading contest

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Teams representing the maths and science departments of the universities of Cambridge and Oxford are competing to design cryptocurrency trading algorithms. 1664 Total views 11 Total shares More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase…

imageTeams representing the maths and science departments of the universities of Cambridge and Oxford are competing to design cryptocurrency trading algorithms.
1664 Total views
11 Total shares
More than one dozen teams representing the mathematics and computer science departments of Oxford and Cambridge universities are competing to build crypto trading algorithms on major exchanges Coinbase Pro and FTX.
According to a Nov.25 announcement, the 15 teams will be assessed on their trading strategies, the technical design of their algorithms, and their overall return-on-investment.The competition launched on Nov.16 and will run until Dec.16.
The strategies employed include arbitrage, predictions based on machine learning and neural networks, and trend investing based on time-sequence forecasting.
APEX:E3 is the contest’s principal sponsor, with the institutional analytics firm providing access to its APIs, mentorship, technical support, and an undisclosed sum of seed funding to each competitor.Only the winning team will keep their seed capital and profits.
Crypto exchanges Coinbase, FTX, SIX Digital Exchange, and LMAX Digital, along with Ethereum software developer ConsenSys have also partnered to support the competition.
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Quentin Stafford-Fraser of University of Cabridge’s computer science department described the tournament as a risk-free opportunity for students to put their algorithms to the text in real life markets:
“APEX:E3 has created a fun and risk-free way for students to learn about the [algorithmic trading] industry and bring their creativity and expertise to bear on the particular challenges of this domain
APEX:E3 chief executive, Usman Khan, indicated the firm plans to make the tournament an annual event, adding he hopes to expand the number of participating universities in 2021.Share this: Silence is not golden: OKEx still quiet as customers seek answers As the crypto market continues to soar to new heights on a nearly daily basis — with Bitcoin (BTC) currently resting around the $16,100 threshold — the murkiness surrounding cryptocurrency exchange OKEx has continued to linger.OKEx initiated a crypto withdrawal suspension on Oct.16, citing the unusual reason that one of the company’s private-key holders… Crypto Exchange Bittrex Expands Adds Ethereum Classic and XRP Trading Pairs Cryptocurrency exchange and wallet service Bittrex has announced plans to launch U.S.dollar (USD) trading pairs for two new cryptocurrencies, according to an official announcement published August 8.Per the announcement, Bittrex is looking to expand its fiat markets to Ethereum Classic (ETC) and Ripple (XRP) on August 20.The new trading pairs will be… Tunisian Central Bank Denies Reports of an ‘E-Dinar’ Digital Currency The Central Bank of Tunisia (BCT) has denied reports stating that the bank is developing a central bank digital currency (CBDC).

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