College of Business
AACSB International EQUIS - European Quality Improvement System

CityU students excel in Inter-University Algo Trading Contest 2016/17

Roy Hung Lok-bun, student from the Department of Economics and Finance, and Wenliang Ye, student from the Department of Accountancy, teamed up with Yin-hei Chan and Yan Xin from the Department of Electronic Engineering, to win the Best Presentation Award in the Inter-University Algo Trading Contest 2016/17. The winning team, which was supported by Dr Michael Wong Chak-sham, Associate Professor from the Department of Economics and Finance, and Dr Ray Cheung Chak-chung, Associate Professor of Department of Electronic Engineering, was called “Salomon”.

“Our trading strategy - the unilateral pair trading - is different from the traditional one. It only executes the trading from single side and yields the investment performance”, said Roy.

Over 100 teams from seven local universities in Hong Kong and six from the Mainland China, including Tsinghua University and Peking University, participated in the contest. Prof KC Chan, Secretary for Financial Services and the Treasury of the HKSAR Government, and many other guests from the industry and the academia, officiated the contest finale and presented awards to the winners.

The Inter-University Algo Trading Contest was hosted by CASH Algo Finance Group, seeking to identify and nurture young people who are talented in algorithm-based trading. The contest enabled the students to learn and develop strategies to make simulated trading on the Hang Seng Index Futures and Options, as well as Hang Seng H-shares Index Futures and Options.