Oxford And Cambridge Compete In Crypto Trading Algorithm Design

Oxford and Cambridge teams started competing in maths and science departments and in crypto trading algorithm design as we are reading more in today’s crypto news.

More than a dozen of teams from Oxford and Cambridge from the mathematics and computer science departments are competing to build crypto trading algorithms on exchanges like FTX and Coinbase Pro. According to an announcement, the 15 teams will be assessed on the trading strategies with a technical design of their algorithms with the overall return on investments. The competition launched a day ago and will run until December 16.

The strategies that are employed include predictions based on machine learning and arbitrage as well as neural networks with trend investing that is based on time-sequence forecasting. APEX:E3 is the principal sponsor of the contest with the institutional analytics company providing access to the APIs, technical support and mentorship and an undisclosed sum of seed funding to each competitor so the winning team will keep the seed capital and profits.

Crypto exchanges like FTX, Coinbase, and SIX Digital Exchange as well as LMAX Digital along with Ethereum software developer ConsenSys which also partnered to support the competition. Dr. Quentin Stafford-Fraser from the University of Cambridge and the computer science department described the tournament as a risk-free opportunity for all students to put their algorithms to the test 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”

Usman Khan, the chief executive of Apex: E3 said that the company will make the tournament an annual event by adding more hope to expand the number of participating universities in 2021. Speaking of Universities and crypto, we reported previously that IOHK established a new Cardano research center at the University of Wyoming after receiving a donation of $500,000 in the ADA cryptocurrency.

The Cardano blockchain’s leading development firm announced back on Friday that the IOHK established a new research and authentication center that will create part of UW’s blockchain research and development lab which will promote the company’s academic approach to further blockchain engineering and development. The center will feature the new Plutus development facility which provides the blockchain developers with a new laboratory for writing code in Cardano’s smart contract language along with new tools and resources that will experiment with new solutions.