An algorithmic trading competition for Oxford and Cambridge students

APEX:E3, a company involved in the analysis of various assets for retail and institutional investors, today announced an algorithmic trading competition that will see Oxford University students compete against Cambridge students.

Usman Khan, CEO of APEX:E3, said:

„We are thrilled to be able to offer interested students real-world learning opportunities, extracurricular activities and financial market analysis during the lockdown. The reaction of Oxford and Cambridge students to this competition has really energized us and we look forward to expanding the scope and number of universities next year. A huge thank you to our partners who we are delighted to work with, and to our partners at both universities for all the help they have given us to get this competition started.“

How the Oxford Algorithmic Trading Competition works

The competition will last one month and will involve 15 teams of students from the mathematics and computer science departments of the two prestigious British universities.

For the competition, students will use the APEX:E3 API to design their own algorithms and will use Coinbase Pro, SIX Digital Exchange and FTX, which are partners in the competition.

Peter Stillwell, Head of European Operations at Coinbase, commented:

„Coinbase is delighted to support this competition by making our data available to students interested in Algorithmic Trading and working with APEX:E3. Helping to introduce and educate students about Digital Assets at a time when people around the world are looking for new ways to gain new knowledge and challenge themselves is something we are all very excited about here at Coinbase.

Professor Mike Wooldridge, Head of Department of Computer Science at Oxford, explained:

„As a leading university, collaborating with industry on real-world computer applications offers not only an excellent opportunity for our students, but also potential new avenues for collaborative research. APEX:E3, has devised a unique challenge to apply students‘ knowledge to real-world applications, leveraging the understanding and application of AI in financial institutions. We are delighted to have APEX:E3 as an affiliate of the industry and are excited to see how the competition will play out over the coming weeks.

Dr. Quentin Stafford-Fraser, of the Cambridge Department of Computer Science, added:

„Algorithmic Trading is an important use of many areas of cutting-edge computing in today’s world, and by making it a competition, APEX:E3 has created a fun and risk-free way for students to get to know the industry and bring their creativity and experience to tackle the particular challenges of the industry. We look forward to seeing what the teams will invent and wish them the best. Especially to those wearing blue, of course!“.

Oxford and Cambridge in the crypto market

As early as 2017, the University of Cambridge began writing a paper on crypto assets, demonstrating that this trading initiative announced today is not the first to involve the University in the blockchain industry.

In January 2020, Cambridge also began working with the Bitcoin Champion Association to award a scholarship named after Satoshi Nakamoto to a particularly deserving student.

But Oxford wasn’t watching either, and as early as 2018, two law school scholars had begun to analyse the regulatory challenges of the crypto-currency world.