Interactive Brokers Collegiate Trading Olympiad

Interactive Brokers Group, a worldwide leader in market making and broker-dealer services, is pleased to announce our fourth annual IB Collegiate Trading Olympiad, where students create and implement a real-time program trading application and attempt to generate the largest profit. This unique forum allows the future leaders in technology to compete for potential jobs and up to $100,000 in prize money. This year we expect to award $400,000, and will consider all participants for employment opportunities at Interactive Brokers. Interactive Brokers is sponsoring the Olympiad to highlight the growing need for tech savvy students in the financial industry, and to draw attention to this need in academia generally and particularly among students who are making important career choices.

Each week, the names of the competition's leaders will be posted to the IB Website at www.interactivebrokers.com for viewing by students, the media, prospective employers and other interested parties. The students whose trading technology has generated the highest profits at the end of the competition will earn the following prizes:

The Olympiad is open to any undergraduate and graduate student* with programming experience. Trades must be generated by computer algorithms. Students will compete using the same Interactive Brokers' Trader Workstation Application Program Interface (API) that professional traders use to create automated trading solutions. A multitude of programming languages including Java, C++, C, and Visual Basic may be utilized with our API. Student-created algorithms may trade US stocks, options, futures, forex, or bonds as often as their programs require over the contest period and must make at least 25 trades. There is no cost to enter and participate in the Olympiad.

All applications must be completed and received by Wednesday December 31, 2008 at 11:59 PM (Eastern Time) to qualify for the contest. The competition will be limited to 2,000 students, and applications will be accepted on a first come, first serve basis. Students may enter test trades into the system after their application has been accepted, which will not be counted in the competition. Trading will commence on Monday January 12, 2009 at 12:01 AM (Eastern Time) and will run for 8 weeks concluding on Friday March 6, 2009 at 11:59 PM (Eastern Time). If you have further questions, you may email us at ibtradingolympiad@interactivebrokers.com.

For media questions contact Andrew Wilkinson at 203-618-8085.

*Quebec, Canada residents may not apply due to legal restrictions.

 

About Interactive Brokers

Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, options, futures, foreign exchange instruments, bonds, and funds as a member of more than 70 electronic exchanges and trading venues around the world. The company provides professional traders and investors with direct access to stocks, options, futures, forex, bonds and funds from a single IB Universal AccountSM. Employing proprietary software on electronic exchanges worldwide, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention. Interactive Brokers LLC is a member of NYSE/FINRA/SIPC.