Implementation of market making trading algorithm across the globe
The best 10 solutions will receive a prize money of 2000,1000, 500, 250...250$
The competition and voting have completed. Winners were determined by the citizens of Lykke City.
Days of the project
Nov 4 - Dec 20, 2017 (45 days)
Nov 4 - Dec 17, 2017
Dec 17 - Dec 20, 2017
Interest in cryptocurrencies for investment is rising and so is liquidity on crypto exchanges. Lykke wants to provide even more liquidity by being the first firm running its innovative market making a trading algorithm, called Alpha Engine (AE), across all crypto exchanges. To connect Alpha Engine to more crypto-exchanges across the globe, we want your help.
We are looking for ready connector solutions to the APIs of crypto-exchanges to deploy our successful trading algorithm across exchanges. Upon successful submission, you receive the prize money.
Alpha Engine description
Alpha Engine is a market making trading strategy based on the intrinsic time framework. The intrinsic time framework refers to a paradigm change of the way how time is looked upon. In intrinsic time, in contrast to the continuity of physical time, an activity based time scale is used. Now, only interactions, or events, let a system’s clock tick. This event-driven paradigm defines focal points by blurring out irrelevant details of the price evolution with the help of defining fixed event thresholds of different sizes. These focal points are then used by the Alpha Engine to place our market making orders into the market. To sum it up, our Alpha Engine is not only profitable but also provides liquidity to ﬁnancial markets and does not have a priori restrictions on the number of assets that are managed.
Now you can be part of our mission to deploy liquidity across the globe and make financial markets more stable. Do you have an interest or even experience in connecting trading algorithms to exchanges? Do you enjoy working with APIs? Then this is your unique chance to work with Lykke.
You can find out more about our innovative trading algorithm Alpha Engine (AE), developed by Anton Golub, James Glattfelder and Richard Olsen at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2951348.
We invite everyone to familiarise themselves with deploying trading algorithms on crypto exchanges and to deliver a working connector to the API of a crypto-exchange, so we can deploy our market making algorithm.
Requirements for the work
- Please submit a working solution to connect our market making algorithm to a crypto-exchange. You can choose between the exchanges: Bitstamp, GDAX, Bitfinex, Kraken, Poloniex
The best 10 solutions will receive a prize money of 2000,1000, 500, 250...250$.
A few disclaimers:
There is no guarantee of winning a prize. The prizes are only awarded to entries that the Lykke judges find worthwhile. Prizes are awarded in Lykke coins, which may be redeemed for currency and sent to your bank. You must be at least 18 years of age. You must not submit twice — your first submission is the one that counts. You will be responsible for declaring your own income to your local tax authorities. All submissions will be disclosed to the public. The prizes are given at Lykke’s sole discretion. The decisions of the judges will be final — there is no appeals process if your project does not win a prize. No other compensation will be given at this stage.
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For this project, none of the submitted results matched our experts expectations, so we decided not to award the first prize.