Team 042

Inspiration

The market-making quoting strategy: great on paper, isn't that straightforward in practice.

Idea:

interpret news and place informed market orders,
take advantage of dual listed stocks,
combine both approaches.

Approach

We leverage various strategies within our bot:

we adapt the baseline quotation mechanism,
we process incoming news to detect how it affects the behavior of each stock to be able to react aggressively upon potential price spikes or drops,
we always choose favorable positions within both listings of each stock to minimize risk.

How we built it

We implemented a multithreaded application to run different tasks in parallel on top of Optibook's API and the provided baseline project.

Challenges

Unstable, chaotic market participants and a lot of ambiguous news, making our decision-making noisier; however, we think that we did our best to make use of all the information we had.

Accomplishments

consistently profitable news-based decisions,
multi-threaded implementation that allows for scalability. A lot of dedication was needed to implement seemingly not hard ideas - we are proud of executing many of them.