AOFEX has reached cooperation with ICFM, a Wall Street investment management platform in order to work together to enhance the trading volume and depth of AOFEX platform. The two parties have reached consensus on promoting OT ecological layout and value. In order to celebrate the cooperation between the two sides, the first quantitative competition is held, which is open to quantitative trading institutions and hedge funds in Europe and North America.
About ICFM: The team is composed of elites from Wall Street investment banks, top hedge funds and asset management institutions, aiming to build a neutral, authoritative and professional quantitative trading and asset management platform.
During this competiton, professional knowledge of quantitative trading will be popularized. At the end of the contest, AOFEX and ICFM will jointly write evaluation report, the result of the game content and professional analysis and review. And AOFEX will share the content of the report with AOFEX users; The winner of the competition will receive a large bonus and the opportunity to become the global strategic partners of AOFEX. AOFEX will continue to open up a variety of competition formats, and will open for more regional financial institutions and quantitative teams to participate in the competition.
【The First Quantitative Trading Competition】
Select the most professional and excellent financial institutions, improve market liquidity, and share quantitative trading expertise with AOFEX users.
Registration time: 14:00 June 29 -- 14:00 July 1, 2020 (GMT+8)
Competition time: 10:00 on July 2, 2020 -- 10:00 on July 9, 2020 (GMT+8)
- Quantitative institutions and hedge funds in Europe and America;
- Won many awards and honors;
- High popularityin the industry.
- Download theICFM quantitative trading information management platform APP during the registration period (link: http://download.icfm.me/app/)
- Send the registration application through the official customer service email of AOFEX: firstname.lastname@example.org, fill in the relevant contents according to the receipt of the registration application form and send it to the official customer service email, then waitfor the official staff to contactyou;
- After verification, AOFEX will contact and add qualified contestants to the telegram group.
Qualified institutions shall prepare and report their funds in advance, which shall be not less than the equivalent of 100,000 USDT. The competition shall be run as a firm offer and participants shall be responsible for its own profits and losses.
After the competition starts, the teams run the quantitative strategy through the API interface. The ranking of the competition will be evaluated according to the rules formulated by the competition committee from the aspects of return rate, maximum drawdown and Sharpe ratio.
Rules of the Competition
- The participating institutions shall only be countedthe results of the competition through the transaction record of crypto-crypto trading. Margin currency lending, option trading and other product typesare not available.
- Fees of all participating institutions are atVIP6 level;
- The participating institutionsshall complete the trading volume ≥50,000 USDT, if not, it will not be included in the ranking;
- AOFEX will update the timely ranking and profit and loss dynamics of the participating institutions every day. You can enter the competition by clicking the advertisement of the Quantitative Trading Contest on the home page.
- AOFEX and ICFM will jointly conduct multi-dimensional evaluation (mainly including return rate, Sharpe ratio, maximum drawdown, etc.);
- The higher the yield, the higher the rating score;
- The higher the Sharpe ratio, the higher theratingscore;
- The lower the maximum drawdown, the higher the rating score;
- Dimensions such as volume and trading frequency will also be taken into comprehensive consideration;
- After the total rating score is obtained based on the comprehensive evaluation of multiple dimensions, AOFEX and ICFM will jointly announce the results of the competition.
Way of Display
The contest schedule will be displayed on the page during the competition, and the profits of the participating institutions will be updated every day. Users can enter by:
APP/PC: Home page advertisement [Quantitative Trading Contest] Click to view
- The following awards will be distributedaccording to the overall ranking after the end of the activity, and the awards will be issued within 3 working days after the end of the activity;
- The winning institutions havethe qualification to release its own quantitative strategy products to users of AOFEX Exchange.
Produced exclusively by ICFM, it will analyze and comment on the contestants’ quantitative strategies to help AOFEX users better understand the deep logic of different styles of trading strategies. The report will include in-depth data analysis of the entry strategy, professional quantitative trading knowledge, and quantitative trading industry trend analysis.
The analysis report will be completed within 7 working days after the end of the event, and will be released through the official channel of AOFEX for all users to check and read.
Users participating in this event need to complete KYC（Advanced Verification）. During the event, if there are malicious brushing, batch registration, self-buying, and self-selling cheating, we will strictly review and disqualify the participants; AOFEX has discretion to determine whether a particular operation constitutes cheating and whether to disqualify a user from participating, AOFEX’s decisions have constraints on users. Users hereby confirm that joining AOFEX is a voluntary activity,and AOFEX does not force,interfere or influence users' decisions in any way.
Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.
Thanks for your support!
June 29, 2020