The traditional sporting and academic rivalry between Oxford and Cambridge universities is set to continue on a new front after the launch of an algorithmic trading competition for its respective students.
APEX:E3, a UK-based provider of multi-asset trading analytics, has invited students from the Oxbridge mathematics and computer science to take part in a month-long contest building algorithms and executing spot market trades.
The teams will be judged by a panel of industry figures based on return of investment, trading strategy and technical algo design.
They will also be given seed capital along with technical support and trading mentorship and the winning team gets to keep their seed capital and any returns they make.
The initiative, which is due to conclude in December and also involves execution venues SIX Digital Exchange and LMAX Digital and trading platform Coinbase, is another example of the investment industry looking to partner with the academic world.
According to the head of computer science at Oxford, Professor Mike Wooldridge, the competition is “an opportunity for our students but also potential new avenues for collaborative research”.
Tim Grant, SIX Digital Exchange chief executive added: “The evolution of capital markets in the 2020s will require new levels of innovation and progress in the areas of digital assets and of the analytical techniques operating on the underlying digital asset data. We also need to nurture talent to help drive this evolution.”
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