$10000
SoftBank Forex Algorithm Challenge
Develop foreign exchange risk management and trading algorithms
SoftBank Corp.
1 Participant
0 Submission
Brief
In the foreign exchange market, the smallest changes in international affairs and economics can have a huge effect on the conditions of a financial transaction, sometimes resulting in gigantic losses without the involved parties even being aware of it.
This possibility of financial losses resulting from the variation of exchange rates between local and foreign currency is called “exchange rate risk.”
Because the values of foreign currencies relative to a local currency are so unstable, their exchange rates are extremely difficult even for investors and exchange markets to accurately predict.
To find a solution to this issue, SoftBank has commissioned this competition as part of their research and development efforts. The successful submissions will be utilized in an exchange position transaction and management algorithm.
To be added to the mailing list to hear more about this competition, please go to: http://eepurl.com/gzXsdL
Prizes
1st Prize ($ 6000)
1st Prize of $6000 USD2nd Prize ($ 3000)
2nd Prize of $3000 USD3rd Prize ($ 1000)
3rd Prize of $1000 USD
Timeline
- 01 Nov 2019 Competition Commences
- 31 Dec 2019 Competition Ends
- 15 Jan 2020 Results Finalized and Released
Data Breakdown
Predict the end of month exchange rate with given variables: market and economic news data.
The data set contains: training set, test set, and text features folder. Please note that test data doesn’t include “target” as it’d solely be used for public leaderboard, which will be in place sometime in November, to compare your algorithm with other competitors, and final ranking.
id: encrypted date
span: days to target date (end of month)
target: exchange rate on target date / current exchange rate
feature_00~feature_59_type5: various market data
id: encrypted date
feature_0~feature_299: text features
Outputs should follow the format:
id, target
x, 0.9976
y, 1.0245
z, 1.07
etc.
FAQs
Who do I contact if I need help regarding a competition?
For any enquiries, please contact us at [email protected]
How will I know if I’ve won?
bitgrit will let you know your results when we make an announcement following the end of the competition.
How can I report a bug?
Please shoot us an email at [email protected] with details and a description of the bug you are facing, and if possible, please attach a screenshot of the bug itself.
If I win, how can prizes be delivered to me?
Prizes can be delivered via PayPal, wire transfer, or another suitable method. We understand that everyone prefers different payment methods, and we will endeavor to accommodate your needs as best as possible, depending on your location and our ability to do so.
Rules
During your participation in this competition, we ask that you abide by the Non-Disclosure Agreement, which acceptance of is a mandatory step in participating in this competition.
Where a winning result is matching with another users in accuracy, the earliest submission will be judged as the winner, with submission time taking precedence in a linear fashion. Example: 97.7% submission at 10:01 UTC winning over 97.7% submission at 10:07 UTC. This will also require assessment by our internal team using your code for final confirmations.
Please do not contact SoftBank directly in regards to this competition, and if you have any queries regarding this competition, please contact us at: [email protected]
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My Submissions
Non-Disclosure Agreement (NDA)
An agreement to not reveal the information shared regarding this competition to others.
- This Non-Disclosure Agreement (“Agreement”) is hereby entered into on 25th April 2026 (“Effective Date”) between you (“Participant”), as a participant in the SoftBank Forex Algorithm Challenge (the “Competition”) hosted at bitgrit.net (the “Competition Site”), and bitgrit Inc. (“Bitgrit”).
- Purpose: This Agreement aims to protect information disclosed by Bitgrit to Participant (the “Purpose”).
- Confidential Information: (1) Confidential Information shall mean any and all information disclosed by Bitgrit to the Participant with regard to the entry and participation in the Competition, including (i) metadata, source code, object code, firmware etc. and, in addition to these, (ii) analytes, compilations or any other deliverable produced by the Participant in which such disclosed information is utilized or reflected. (2) Confidential Information shall not include information which; (a) is now or hereafter becomes, through no act or omission on the Participant, generally known or available to the public, or, in the present or into the future, enters the public domain through no act or omission by the Participant; (b) is acquired by the Participant before receiving such information from Bitgrit and such acquisition was without restriction as to the use or disclosure of the same; (c) is hereafter rightfully furnished to the participant by a third party, without restriction as to use or disclosure of the same.
- Non-Disclosure Obligation: The Participant agrees: (a) to hold Confidential Information in strict confidence; (b) to exercise at least the same care in protecting Confidential Information from disclosure as the party uses with regard to its own confidential information; (c) not use any Confidential Information except for as it concerns the Purpose elaborated upon above; (d) not disclose such Confidential Information to third parties; (e) to inform Bitgrit if it becomes aware of an unauthorized disclosure of Confidential Information.
- No Warranty: All Confidential Information is provided “as is.” None of the Confidential Information shall contain any representation, warranty, assurance, or integrity by Bitgrit to the Participant of any kind.
- No Granting of Rights: The Participant agrees that nothing contained in this Agreement shall be construed as conferring, transferring or granting any rights to the Participant, by license or otherwise, to use any of the Confidential Information.
- No Assignment: Participant shall not assign, transfer or otherwise dispose of this Agreement or any of its rights, interest or obligations hereunder without the prior written consent of Bitgrit.
- Injunctive Relief: In the event of a breach or the possibility of breach of this Agreement by the Participant, in addition to any remedies otherwise available, Bitgrit shall be entitled to seek injunctive relief or equitable relief, as well as monetary damages.
- Return/Destruction of the Confidential Information: (1) On the request of Bitgrit, the Participant shall promptly, in a manner specified by Bitgrit, return or destroy the Confidential Information along with any copies of said information. (2) Bitgrit may request the Participant to submit documentation to confirm the destruction of said Confidential Information to Bitgrit in the event that Bitgrit requests the Participant to destroy this Confidential Information, pursuant to the provision of the preceding paragraph.
- Term: The obligations with respect to the Confidential Information under this Agreement shall survive for a period of three (3) years after the effective date. Provided however, if the Confidential Information could be considered to fall under the category of “Trade Secret” of Bitgrit or any related third parties, this Agreement is to remain effective relative to that information for as far as the said information is regarded as Trade Secret under applicable laws and regulations. If the Confidential Information contains personal information, the terms of this Agreement shall remain effective on that information permanently.
- Governing Law: This Agreement shall be governed by and construed and interpreted under the laws of Japan without reference to its principles governing conflicts of laws.
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Terms & Conditions
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