A couple of dozen groups representing the arithmetic and laptop science departments of Oxford and Cambridge universities are competing to construct crypto buying and selling algorithms on main exchanges Coinbase Professional and FTX.

In line with a Nov. 25 announcement, the 15 groups shall be assessed on their buying and selling methods, the technical design of their algorithms, and their total return-on-investment. The competitors launched on Nov. 16 and can run till Dec. 16.

The methods employed embody arbitrage, predictions based mostly on machine studying and neural networks, and development investing based mostly on time-sequence forecasting.

APEX:E3 is the competition’s principal sponsor, with the institutional analytics agency offering entry to its APIs, mentorship, technical assist, and an undisclosed sum of seed funding to every competitor. Solely the successful crew will preserve their seed capital and income.

Crypto exchanges Coinbase, FTX, SIX Digital Alternate, and LMAX Digital, together with Ethereum software program developer ConsenSys have additionally partnered to assist the competitors.

Dr. Quentin Stafford-Fraser of College of Cabridge’s laptop science division described the event as a risk-free alternative for college students to place their algorithms to the textual content in actual life markets:

“APEX:E3 has created a enjoyable and risk-free approach for college students to be taught in regards to the [algorithmic trading] trade and produce their creativity and experience to bear on the actual challenges of this area

APEX:E3 chief government, Usman Khan, indicated the agency plans to make the event an annual occasion, including he hopes to increase the variety of collaborating universities in 2021.