After the fourth week of trading in the Stevens High Frequency Trading Competition, we now have a solo leader and an emerging group tied for second place overall.
Taking first place this week in terms of P&L, we congratulate “Stevens Quants,” which, as you may have guessed, is comprised of our very own Stevens students. We would also like to congratulate Team Peanut for achieving the highest Sharpe Ratio of the week, earning fifty bonus points and securing a spot in the top five.
Taking second place this week was “The Bagholders,” who, despite the shifting weekly results, maintain a strong overall lead heading into the final week of the competition.
To conclude the competition, students will face their most difficult challenge yet in a theme called “The Learning Curve.” In contrast to last week’s environment, which featured zero-intelligence bots, this week’s market participants are dynamically driven by reinforcement learning algorithms. Historically, this has proven to be the most challenging scenario to navigate, so despite the current standings, anything can happen.
We will also be watching closely as the tie for second place develops, with the fourth-place team not far behind. This is shaping up to be one of the most competitive years yet in the race for the podium.
Check back in next week as we announce our winners of the annual Stevens High Frequency Trading Competition!
