Interactive Brokers Olympiad Details And Trading Rules
The following summarizes the rules that will govern the Olympiad. The rules and terms governing the Olympiad are more fully set out in the Student Participation Agreement that each Student shall be required to enter into with Interactive Brokers.
1. Entry in the Olympiad is only open to the following persons in the United States, Canada and Mexico: (1) any graduate student with an undergraduate degree in computer science or engineering; (2) undergraduate seniors majoring in computer science or engineering; and (3) graduate students majoring in computer science or engineering. Entries are limited to one per student.
2. Students are required to write a trading plan. All trades must be made through an automated system utilizing Interactive Brokers' Application Program Interface (API). Trades may be based on any combination of technical or fundamental data and the plan should discuss these algorithms. Each student's plan should be about a page in length, and should discuss the market(s) traded, product(s) traded (i.e., stocks, options, Forex, etc.) and trading strategy employed. Plans should be submitted to Interactive Brokers no later than Saturday December 31, 2005 11:59 PM (Eastern Time). Any student, whose trades are not in conformity with their filed trading plan, as determined by Interactive Brokers in its sole discretion, will be disqualified. All algorithms must be planned, designed and written solely by the student participating in the Olympiad.
3. Each Student's plan must be his or her own work and not infringe upon or plagiarize the works or intellectual property rights of any third party. Interactive Brokers will be given the right to use the Student's submission, including all intellectual property contained therein, for any and all purposes.
Ah...disclaimer here!!!
4. Student's account will be credited with $100,000 in phantom money at the beginning of the competition and Student may make as many trades as desired over the ten weeks that the competition will run. IB's standard commissions and market data fees will be debited from the account. Corporate actions and dividends will be applied. Students may trade any combination of US products (i.e. stocks, bonds, options, futures, commodities or Forex) that are available from Interactive Brokers. Trade executions will be simulated based on actual real-time quotes and size in the markets.
5. The change in account equity will be used to determine the ranking of each individual student, and the change in account equity averaged across all students under the supervision of an advisor will be used to determine each school's posted website ranking.
6. No live help desk support will be provided. Students can use Interactive Brokers' reference materials at
http://www.interactivebrokers.com/ to answer all questions. Problems may be sent to
ibtradingolympiad@interactivebrokers.com and will be answered as soon as possible.
7. Prize money will be awarded to the individual winners and may not be shared by them with others. There will only be one first place prize. In the event of a tie or other deadlock with respect to any prize, the total prize money available for such prize shall be distributed equally among the winners identified by Interactive Brokers at that prize level. Interactive Brokers shall make all decisions with respect to eligibility, participation and prize awards. Failure to comply with any part of the rules by a student will disqualify the student from the Olympiad. Under certain circumstances Interactive Brokers reserves the right to cancel, terminate, modify or suspend the competition.
