The winners of IB's College Olympiad have been announced with the winner netting $100,000: http://www.interactivebrokers.com/en/general/education/IBTradingOlympiad.php Advanced Trading has an article about the olympiad here: http://advancedtrading.com/algorithms/showArticle.jhtml?articleID=198500137
It would have been more interesting if you posted what college these kids go to along with their name. This would prove you don't have to go to an Ivy league school to know how to trade.
I have to agree with subban above. I'd also be interested in knowing how much money the schools received. (Your 2006 presentation of results was much more informative).
I would have expected a press release or something... Winning that contest is a huge deal! But I assume this was mostly a hiring tactic, hence keeping it under low profile.
This year the schools did not get a matching award, but the dollar amounts to the competitors was doubled. Given the large awards, I am surprised that more people did not enter the competition. It is hard to believe that only 250 or so students in all the US and Canada took part in the Olympiad. The first three prices were worth spending the time to code the API interface if one had any idea of how to trade or knowledge of any positive expectation systems. I hope IB continues the Olympiad but puts more effort to marketing the event to colleges to get the participation rate up. There is just no other contest that I know about that comes close to providing the realistic trading platform, real time data feed and access to all the electronic exchanges with these substantial prices.
yes but don't forget that IB gets your strategy and they can do what they want with it. Thats what I understood by reading the contest rules.
Well that would be breaking our rules of conduct now wouldn't it? is insulting or argumentitive without merit, unlawful, threatening, abusive, harassing, defamatory, libelous, deceptive, fraudulent, invasive of another's privacy, tortious, contains explicit or graphic descriptions or accounts of sexual acts (including but not limited to sexual language of a violent or threatening nature directed at another individual or group of individuals), uses vulgar language in the creation of a user name or otherwise violates Elite Trader's rules or policies or these Rules of User Conduct; By the way... Thank you SteveIB for updating us here in the announcments section in ET...please use it more...
Entering was actually very prohibitive: You had to be not just a student but a student of business or computing. You had to have not just a winning strategy but you had to be able to program that strategy. And seriously, if you have a program that makes 2-300% annually, would you give it away for 50K or less? (since you don't know where you will finish in the competition) IB can be very happy with only 4-5 people if their programs work. They got their programs for dirt cheap...
No, I was'nt being insulting or argumentative. Just suggested some advice. A list of John Doe's does'nt mean anything to me.