A decade has passed since the release of the Bitcoin white paper. Crypto assets based on blockchain technology are seeing rapid development and the market is witnessing drastic changes. Quantitative trading is suitable for the 7X24-hour cryptocurrency market characterized by high volatility, high liquidity and high returns, attracting an increasing number of traders to enter the market. CryptoStrategies cooperated with IX.COM to have co-hosted Wolf of Wall Street Global Cryptocurrency Trading Competition IX Special Contest in November in order to attract more professional players and global quantitative trading teams to enter the market.
Since its initiation, the contest has arrested the attention of many professionals in the industry. Many have registered to participate in the competition since the first day of its inception. After two weeks’ online trading competition, the results of the contest were published on November 26th. Two trend following strategy teams and one arbitrage strategy teams distinguished themselves in the competition. Winners are listed as follows:
Best trend following strategy---Zhaobei Capital
Zhaobei Capital has always focused on quantitative investment based on data analysis and algorithm research. The company’s AUM is currently 5000 BTC. The company uses its multi-year experiencein traditional quantitative hedge fund in the cryptocurrency market to not only generate stable returns but also promote the sound development of cryptocurrency secondary market.
Zhaobei Capital took the lead in the competition with the return of its trend following strategy being 147.58%,annualized 3837.08%. Originating from traditional quantitative hedge fund strategies, the trend following strategy has been optimized to fit into the highly volatile cryptocurrency market. The company adopted a variety of intelligence algorithm methods and implemented a strategy of fully automatic position management according to market fluctuations. It strictly adopted the management system of fund products and succeeded in generating stable returns.
Best trend following strategy---Weifeng Studio
Founded in 2018, Weifeng Studio has a team consisting of traders from traditional futures trading platforms and experienced cryptocurrency traders, and is currently engaged in cryptocurrency investment services and futures quantitative management services. Major strategies developed by the studio include arbitrage, day trading, options on futures and grid trading strategies.
The return of the studio’s trend followingstrategy was 16.46% during the competition, annualized 427.96%. The strategies were adopted according to R.N. Elliott's wave theory, and arbitrage was carried out according to the wave fluctuation principle of two-way leverage. According to the repeated practice of several technical indicators, it is estimated that multiple reversal signal points can be obtained to open and close single positions at fixed points so as to generate returns and stop losses.
Best arbitrage strategy---Dark Horse Quantitative Fund
Dark Horse Quantitative Fund comprises of 3 core members, manages 2000 BTC and the actual quotation annualized return of its quantitative strategy is 70% encompassing 6 mainstream quantitative trading markets.
The team participated in the contest in the category of arbitrage strategy and with a return of 16.73%, annualized 434.98%,it became number one in this category. In this competition, the basic strategy of calendar spread arbitrage was supplemented with a market modification strategy. In addition, in combination with ETF and other forms, the strategy made profits by looking for profit margins caused by irrational price deviation and scored good results.
To further promote the development of crypto asset secondary quantitative market, direct people’s attention to the quantitative aspects in crypto asset secondary market and build the industry’s ecosystem, Grand Shores Southeast Asian Blockchain Innovation Center will join hands with CryptoStrategies, IX.COM and PeckShield, a leading blockchain security and financial data company, to co-host a meeting dedicated to initiating the golden age of quantitative trading. Investment institutions in the industry, media,top quantitative teams and others will attend the meeting to share insights on the future development of the industry.
The meeting also includes the award ceremony of the special contest. Outperforming teams will attend the ceremony, receive the awards and deliver keynote speeches. Please stay tuned !
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