Oxford and Cambridge Universities, popular for their annual boat race, have notched up their rivalry with a crypto trading competition.
Students from both campuses will participate in an algorithmic trading competition hosted by investor analytics company APEX: E3.
15 teams of competitors must use the API from APEX:E3 to create algorithms and make spot market trades of crypto on the FTC and Coinbase exchanges.
Coinbase, SIX Digital Exchange, FTX, ConsenSys Mesh and LMAX Digital are all joining hands to help the competition.
Teams will be gauged by return on investment, algorithm design and trading design by a panel of industry judges.
Professor Mike Woolridge, Head of Department of Computer Science at University of Oxford, said the competition
“provides not only an excellent opportunity for our students, but also potential new avenues for collaborative research.”
The Cambridge and Oxford sides were signed up on November 16, with the crypto-trading competition set to be concluded in December.
The winning side will keep its seed capital and any proceeds from the competition, said APEX: E3.
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