Data Science Network - Competition Detail

SoftBank Forex Algorithm Challenge

Develop foreign exchange risk management and trading algorithms
  • SoftBank Corp.
  • 2387
  • 2255
  • Dec. 31, 2019, 3 a.m. UTC
$10,000
Description
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.
Prizes
1

1st Prize

1st Prize of $6000 USD
$6,000
2

2nd Prize

2nd Prize of $3000 USD
$3,000
3

3rd Prize

3rd Prize of $1000 USD
$1,000
Timeline
  • Nov. 1, 2019 Competition Starts
  • Dec. 31, 2019 Competition Ends
  • Jan. 15, 2020 Winners Announced
Guidelines
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 <text features> id: encrypted date feature_0~feature_299: text features Outputs should follow the format: id, target z, 0.9976 y, 1.0245 x, 1.07 etc. *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.
FAQs
Who do I contact if I need help regarding a competition?
For any inquiries, please contact us at develop@bitgrit.net
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 develop@bitgrit.net 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.
Rules
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: develop@bitgrit.net
New Submission
Step 1
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Your submission should be in .csv format.
Step 2
Description
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