The School of Business at Stevens Institute of Technology is excited to announce that we will be hosting a High Frequency Trading Competition which is open to all undergraduate and graduate students enrolled in any accredited university. In this unique team trading competition, the teams will develop their own code to perform algorithmic trading. More specifically, all simulations will be run using the SHIFT high frequency trading simulation platform which was created at Stevens. In order to be eligible to participate in this competition, teams must have some experience with both GitHub and Python programming. Applications are now live, so we encourage all students to apply here today.

Objectives:

  • Encourage Innovation: This team-based competition allows university students to foster a culture of innovation by providing a platform to further enhance coding skills and their knowledge of the trading mechanics in financial markets.
  • Develop Skills: Students will develop implementation skills for any algorithmic trading idea. Students will learn to use Python 3.8 and Fix Protocol 4.1.
  • Recognize Talent: Identify and celebrate the talents and innovative ideas of fellow students by awarding group prizes ranging from \$400-\$2000.

Eligibility:

  • Domestic undergraduate or graduate students currently enrolled in any university located within the United States studying any undergraduate major or graduate program.
  • Some members of each team must be familiar with Python programming and Github.

Team Prizes:

  • First Place - $2000
  • Second Place - $1200
  • Third Place - $400

Team Structure:

  • Each team is required to have a minimum of two members and a maximum of four members.
  • Each team needs to have a team name and a designated Team Leader which will submit the full application package on behalf of its team.
  • Teams may be composed of a combination of both domestic graduate and undergraduate students.

How to Enter Competition:

  • Application Process: Teams must apply here by February 1st, 2025. There is no initial application fee, but each team will be reviewed and need to be approved for entrance into the competition by the finance faculty at Stevens.
  • Selection Notification: Teams will be notified by February 15th, 2025. If selected for the competition, there is a non-refundable $100 registration fee per team.
  • Registration Payment: The $100 non-refundable per team registration fee is due by February 28th, 2025.

Important Dates:

Applications Open: 

December 10th 

Application Deadline: 

February 1st 

Selection Notification: 

February 15th to 28th 

Registration Payment Deadline: 

7 business days from the successful application notification 

Mandatory Information Session: 

March 3rd 

Technology Testing Period: 

March 7th – March 10th 

Competition Trading Days: 

March 24th – April 25th 

Award Ceremony: 

May 2nd 

If you have additional questions, please email algotrading@stevens.edu.