No. of Recommendations: 7
As a long term individual Mechanical Investor, I’m always interested in what the big guns are doing.
Currently on Kaggle there is “Jane Street Real-Time Market Data Forecasting” competition going on.
The Overview: In this competition, hosted by Jane Street, you'll build a model using real-world data derived from production systems, which offers a glimpse into the daily challenges of successful trading. This challenge highlights the difficulties in modeling financial markets, including fat-tailed distributions, non-stationary time series, and sudden shifts in market behavior.
There’s only $120,000 prize but there are 25,000 Entrants with currently >5000 submissions.
In this competition, hosted by Jane Street, you'll build a model using real-world data derived from production systems, which offers a glimpse into the daily challenges of successful trading. This challenge highlights the difficulties in modeling financial markets, including fat-tailed distributions, non-stationary time series, and sudden shifts in market behavior.
Jane Street says they “actively trade thousands of financial products each day across 200+ trading venues around the world. While this challenge only presents a tiny fraction of the quantitative problems Jane Streeters work on daily”
I was looking at the current leaders in the competition and noticed that the top 5 are from China or Hong Kong and none of the top 10 are from the US. The US may currently be leading in the design of the hardware but software has no borders and software has most of the money.
