Interactive Brokers Collegiate Trading Olympiad
Interactive Brokers Group, a worldwide leader in market making and broker-dealer services, is pleased to announce our third 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:
- 1st place prize, 1 student, $100,000
- 2nd place prizes, 2 students, $50,000 each
- 3rd place prizes, 10 students, $10,000 each
- Placing prizes, 100 students, $1,000 each
The Olympiad is open to any undergraduate or 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 Monday December 31, 2007 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 7, 2008 at 12:01 AM (Eastern Time) and will run for 8 weeks concluding on Friday February 29, 2008 at 11:59 PM (Eastern Time). No live help desk support will be provided. Students should click the Student Resources button below for programming guidance. If you have further questions, you may email us at email@example.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 is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures and foreign exchange instruments as a member of more than 70 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with direct access to stocks, options, futures, forex and bonds from a single IB Universal AccountSM. Employing proprietary software on a global communications network, Interactive Brokers Group continuously integrates its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.