After the second week of trading in the Stevens High Frequency Trading Competition, the leaderboard has seen some changes. This week’s theme was “Spikes and Dips,” which challenged teams to adjust their strategies in a trading environment characterized by sharp price movements followed by quick recoveries.
Taking first place this week in terms of P&L, while also achieving the highest Sharpe Ratio, we congratulate Team PumpNDump from Stony Brook University. Team PumpNDump also recorded the highest Sharpe Ratio last week and has now taken the lead on the overall leaderboard.
Once again, we would like to remind everyone that as the competition progresses, each week carries more points for each team. This structure incentivizes teams who may not have performed as well so far to continue challenging themselves to develop the best possible strategy.
Next week, teams will navigate an illiquid market featuring new small- and micro-cap stocks, which have significantly lower liquidity than the DJIA stocks used up to this point.
We are also happy to share that last Wednesday we welcomed our first guest for the competition’s speaker series, Signal and Noise. We thank Dr. Zhiyuan Yao, a Stevens alumnus, for sharing his insights on how to translate the experience gained from this competition into real-world trading.
