Briefing Session

1. A briefing/walkthrough session of the competition will be held in 10 March 2017, the details will be announced in due course. The Organizer will go through the competition details including the important notes, rules and regulations and judging criteria. The Organizer will also provide the demo account login information, installation pack and platform user guide to the Participant

Stage 1 (Algo Development and Testing)

1. The Participants can develop and fully test their algo strategies ("competition strategies") during 1 April 2017 to 16 June 2017 ("Stage 1"). The first part of Stage 1 is for algo(s) development and backtesting with historical data during 1 April 2017 to 21 May 2017 (“Stage 1A”). The second part of Stage 1 is for forward testing of the algo(s) with live data during 22 May 2017 to 16 June 2017 (“Stage 1B”). During this period, the platform are opened for access freely in 24 hours every day
2. The Organizer will provide guidelines and technical support for the usage of the platform
3. The Participants are allowed to submit more than one algo strategies
4. Prior to gaining access to the live competition ("Stage 2"), the Participants have to submit a proposal to judging panel on or before 16 June 2017 (5pm). The proposal should cover the following:
   • Description of trading idea
   • Methodologies and trading logics
   • Algo Script
5. Judging Criteria include:
   • Logic of Trading Strategy (40%)
     • Profitability, risk management, stability
   • Creativity (30%)
     • Are there any inspiring ideas regarding the methodologies and trading logics?
   • Implementation (30%)
     • Does the strategy take into consideration about realistic investment environment such as trading time, market impact, etc.
6. The Judging Panel will assess the proposal based on the above judging criteria. Qualified Participants will be eligible to enter to Stage 2 of the Competition
7. The Organizer will provide the Participants with all the historical data and live data required for modeling, back and forward testing

Stage 2 (Live Competition by Well-Tested Algo)

1. The Participants have to run their well-tested algo(s) on the platform during 3 July 2017 to 11 August 2017 ("Stage 2")
2. The Participants need to run the algo(s) throughout Stage 2 and the algo(s) cannot be interrupted during this period.
3. The platform will not be opened to the Participants during trading hours (according to the trading hours of HKEx Securities Market).
4. The Participants can also access the platform once per week in weekend to fine tune their algo(s)
5. If the behavior of the algo(s) in Stage 2 are essentially differs from the proposal submitted in Stage 1, the Organizer reserves the right to disqualify the participant on its sole discretion
6. All algo(s) will be executed solely on the environment provided by the Organizer. No external control/connection will be allowed
7. No manual operation on trade will be allowed
8. Trading Criteria:
   • Each Participant is allowed to run no more than 10 algo(s) in the platform
   • Each Participant is allowed to simultaneously hold no more than 15 lots of a single product. There should be no more than 100 pending orders. The number of trades are limited to 1,000 trades per day
   • The total number of trades throughout Stage 2 should not be less than 50 trades
   • The trading volume of any particular week during Stage 2 shall not exceed 30% of the total trading volume of the whole Stage 2
   • Short selling is allowed

Award Presentation and Closing Ceremony

1. All the Participants will be invited to attend the award presentation ceremony which will be held on 26 Aug 2017 (Tentative). Details will be announced in due course
2. Each winning Participant will have 15 minutes to share their feeling and the winning strategies

Auton trading platform as developed by GES will be provided as the virtual trading platform for the Competition. Each Participant will be assigned a Competition Account upon successful registration of the Competition.

The Organizer will provide Participants the competition materials including login information of Competition Accounts, testing environment, platform user guide, back-testing tools, historical data and technical support.

Each participant will be allocated a virtual fund of HK$1 million in the Virtual Trading Platform

The Organizer will provide delayed market data of below Hong Kong Equities CFDs for trading. Other products cannot be traded on the platform except for the following products:

• CFDs of 50 Hang Seng Index Constituent Stocks

The market data on the platform is provided by the third-party. The Organizer believes such information to be reliable, but makes no representation, guarantee or undertaking on its accuracy and adequacy. The Organizer shall not be liable to any loss or damage incurred by any person caused by direct or indirect usage of the information stated herein.