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Global eSolutions (HK) Limited

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GES and IEEE (HK) CI Chapter Jointly Organized the First Computational Finance Competition


Hong Kong, Hong Kong S.A.R., June 15, 2017 --(PR.com)-- Hong Kong based Global eSolutions (HK) Limited (GES), a leading financial trading platform provider, and the IEEE (Hong Kong) Computational Intelligence Chapter (IEEE (HK) CI Chapter) jointly organized the First Computational Finance Competition (Competition), to foster the pursuit of algo trading among academia in Hong Kong.

The Competition is launched to provide undergraduates and postgraduates students with a platform to apply their algo trading techniques in daily lives. During the Competition, all participants are required to use the Auton trading platform provided by GES for algo development, backtesting with historical data as well as virtual trading by live data. Each participant can participate either as an individual or as a team with no more than 2 team members (Participant). Every participant will use algo strategies to trade on CFDs of 50 Hang Seng Index Constituent Stocks and several major indices with a simulated capital of HK$1 million.

The organizer held a briefing session on March 10, 2017 in Lecture Theatre C, Chow Yei Ching Building, The University of Hong Kong. The representatives of the organizers introduced the details of the competition rules as well as the important notes on algo trading and application of the competition platform. The briefing session received overwhelming responses from nearly 30 students and professors from Hong Kong universities. Most of them showed great enthusiasm by raising questions during the event.

Students can register for the Competition from 24 February to 30 April 2017 via the Competition website: ges.com.hk/FirstComputationalFinanceCompetition. Participants will have a chance to win the prize of up to HK$8,000 and half-year free usage on the GES Auton Software. At the end of the Competition, the Participants with the “Best Overall Return” and “Best Risk-Adjusted Return” will be the winners. Top two teams of each category will be awarded the Champion and First Runner-up respectively. The Champion will be presented with book coupons of HK$3,000 and a cash prize of HK$5,000, while the First Runner-up will be presented with book coupons of HK$2,000 and a cash prize of HK$3,000. A “Weekly Best Return” award will also be presented to each weekly winner who gains the largest positive profits by each week during the competition period, including 6 winners in total. Each weekly winner will be presented with HK$300 book coupon as the reward.

Dr. Vincent Tam, Chairman of IEEE (HK) CI Chapter, said, “Thanks to the keen supports of the Executive Committee members of the IEEE (HK) CI Chapter, and the Computational Finance and Economics Technical Committee (CFETC) of the Computational Intelligence Society (CIS), the Competition has been successfully launched and has received overwhelming response so far. The Competition is certainly one of the most meaningful investment competitions in the academic sector, allowing students to put investment theories into practice and gain the valuable experience of trading simulation in the real investment world.”

Mr. Ken So, Senior Quantitative Developer of GES, said, “GES is dedicated in promoting the application of computational intelligence in the financial industry for years, being one of the pioneers in the development of quantitative finance in Asia. GES Auton platform is a true multi-asset platform which supports FX, Bullion, CFDs, Equities, Futures and Stock Options. Its built-in algo trading kit allows traders to deploy existing trading strategies or script their own one in the platform. Allowing algo backtesting and forward-testing with historical data and live data respectively, Auton helps traders to develop the unique trading strategy that will work best for them. The Competition is definitely a good channel to nurture the next generation of Fintech talent and promote the development of Fintech in Hong Kong investment market.”
Contact Information
Global eSolutions (HK) Limited
Ben Tse
+852 3412 3636
Contact
www.ges.com.hk

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