In the foreign exchange market, the smallest changes in international affairs and economics can have a huge effect on the conditions of a financial transaction, sometimes resulting in gigantic losses without the involved parties even being aware of it.
This possibility of financial losses resulting from the variation of exchange rates between local and foreign currency is called "exchange rate risk." Because the values of foreign currencies relative to a local currency are so unstable, their exchange rates are extremely difficult even for investors and exchange markets to accurately predict.
To find a solution to this issue, SoftBank has commissioned this competition as part of their research and development efforts. The successful submissions will be utilized in an exchange position transaction and management algorithm.
1st Prize of $6000 USD
2nd Prize of $3000 USD
3rd Prize of $1000 USD
Nov. 1, 2019 Competition Starts
Dec. 31, 2019 Competition Ends
Jan. 15, 2020 Winners Announced
Predict the end-of-month exchange rate with given variables: market and economic news data.
The data set contains: training set, test set, and text features folders.
<train & test>
id: encrypted date
span: days to target date (end of month)
target: exchange rate on target date / current exchange rate
feature_00~feature_59_type5: various market data
id: encrypted date
feature_0~feature_299: text features
Outputs should follow the format:
*Please note that the file should be sorted by id in descending order.
The accuracy rate you'll see on the submission page will not be accurate due to the time we take to get the right accuracy. It will be refreshed as soon as possible.
You will be able to see the leaderboard later that shows the rankings of competitors based on the accuracy on a subset of test data.
Who do I contact if I need help regarding a competition?
For any inquiries, please contact us at email@example.com
How will I know if I've won?
If you are one of the top three winners for this competition, we will email you with the final result and information about how to claim your reward.
How can I report a bug?
Please shoot us an email at firstname.lastname@example.org with details and a description of the bug you are facing, and if possible, please attach a screenshot of the bug itself.
If I win, how can I receive my reward?
Prizes can be delivered via PayPal, wire transfer, or another suitable method. We understand that everyone prefers different payment methods, and we will endeavour to accommodate your needs as best as possible depending on your location and our ability to do so.
This competition is governed by a Non-Disclosure Agreement. Participants must agree to and comply with this NDA in order to participate.
Please do not contact SoftBank directly in regards to this competition and if you have any queries regarding this competition, please contact us at: email@example.com
Thanks for your submission!
We’ll send updates to your email. You can check your email and preferences here.
Non-Disclosure Agreement (NDA) An agreement to not reveal the information shared regarding this competition to others.
This Non-Disclosure Agreement (“Agreement”) is hereby entered into on 2nd June 2020 (“Effective Date”) between you (“Participant”), as a participant in the SoftBank Forex Algorithm Challenge (the “Competition”) hosted at competition.bitgrit.net (the “Competition Site”), and bitgrit Inc. (“Bitgrit”).
This Agreement aims to protect information disclosed by Bitgrit to Participant (the “Purpose”).
(1) Confidential Information shall mean any and all information disclosed by Bitgrit to the Participant with regard to the entry and participation in the Competition, including
(i) metadata, source code, object code, firmware etc. and, in addition to these,
(ii) analytes, compilations or any other deliverable produced by the Participant in which such disclosed information is utilized or reflected.
(2) Confidential Information shall not include information which;
(a) is now or hereafter becomes, through no act or omission on the Participant, generally known or available to the public, or, in the present or into the future, enters the public domain through no act or omission by the Participant;
(b) is acquired by the Participant before receiving such information from Bitgrit and such acquisition was without restriction as to the use or disclosure of the same;
(c) is hereafter rightfully furnished to the participant by a third party, without restriction as to use or disclosure of the same.
The Participant agrees:
(a) to hold Confidential Information in strict confidence;
(b) to exercise at least the same care in protecting Confidential Information from disclosure as the party uses with regard to its own confidential information;
(c) not use any Confidential Information except for as it concerns the Purpose elaborated upon above;
(d) not disclose such Confidential Information to third parties;
(e) to inform Bitgrit if it becomes aware of an unauthorized disclosure of Confidential Information.
All Confidential Information is provided “as is.” None of the Confidential Information shall contain any representation, warranty, assurance, or integrity by Bitgrit to the Participant of any kind.
No Granting of Rights
The Participant agrees that nothing contained in this Agreement shall be construed as conferring, transferring or granting any rights to the Participant, by license or otherwise, to use any of the Confidential Information.
Participant shall not assign, transfer or otherwise dispose of this Agreement or any of its rights, interest or obligations hereunder without the prior written consent of Bitgrit.
In the event of a breach or the possibility of breach of this Agreement by the Participant, in addition to any remedies otherwise available, Bitgrit shall be entitled to seek injunctive relief or equitable relief, as well as monetary damages.
Return/Destruction of the Confidential Information
(1) On the request of Bitgrit, the Participant shall promptly, in a manner specified by Bitgrit, return or destroy the Confidential Information along with any copies of said information.
(2) Bitgrit may request the Participant to submit documentation to confirm the destruction of said Confidential Information to Bitgrit in the event that Bitgrit requests the Participant to destroy this Confidential Information, pursuant to the provision of the preceding paragraph.
The obligations with respect to the Confidential Information under this Agreement shall survive for a period of three (3) years after the effective date.Provided however, if the Confidential Information could be considered to fall under the category of “Trade Secret”
of Bitgrit or any related third parties, this Agreement is to remain effective relative to that information for as far as the said information is regarded as Trade Secret under applicable laws and regulations. If the Confidential Information contains personal
information, this terms of this Agreement shall remain effective on that information permanently.
This Agreement shall be governed by and construed and interpreted under the laws of
Japan without reference to its principles governing conflicts of laws.