Actuarial Science Students Excel in CASH Algo Trading Challenge 2023 with Effective Trading Strategy

From the left: Hassan Ali NAEEM, Muhammad HUSSAIN and Shah Jahan ISHAQ

Congratulations to the HKU Team, MASS, for winning the Grand Champion, Silver in Best Return and Silver in Best Sharpe in the CASH Algo Trading Challenge 2023. The team consists of Muhammad HUSSAIN and Hassan Ali NAEEM, both second-year students majoring in Actuarial Science in the Department of Statistics and Actuarial Science, Faculty of Science, along with Shah Jahan ISHAQ, a second-year student majoring in Computer Science in the Department of Computer Science, Faculty of Engineering. 

The CASH Algo Trading Challenge 2023 is a global competition for algorithmic trading that welcomes participants of all ages and backgrounds. The HKU MASS Team surpassed more than 500 participants from over 15 countries, including individuals with over 10 years of trading experience and students from prestigious universities such as Harvard, Stanford, and Imperial College London.

Throughout the summer of 2023, which spanned nearly 4 months, they dedicated themselves to conducting thousands of backtests and closely monitoring their progress in order to develop an effective trading strategy. Their hard work and commitment paid off, resulting in their well-deserved victory.