Korea Exchange Holds Award Ceremony for the 2nd KRX Stock Investment Algorithm Competition

The Korea Exchange held the award ceremony for the "2nd KRX Stock Investment Algorithm Competition" at its Seoul office on the 20th.

Sohn Byung-doo, Chairman of the Korea Exchange (third from the left in the back row), and the winners of the 2nd KRX Stock Investment Algorithm Competition are posing for a commemorative photo.
[Photo by Korea Exchange]

The Korea Exchange has been hosting data competitions since last year to secure commercially viable data and generate professional ideas for launching data products. Unlike last year, when financial-related ideas were solicited, this year’s event was held as a stock investment algorithm competition, with the scale of awards doubled, resulting in higher participation.

From July, 418 teams competed, and 50 teams that passed the preliminary screening submitted algorithms for the finals, where virtual investments were conducted. The final five teams were selected based on a comprehensive evaluation of predicted return performance and coding scores. Award-winning teams received commendations from the Chairman of the Korea Exchange, with prize money totaling 50 million KRW: 20 million KRW for one grand prize team, 10 million KRW each for two excellence award teams, and 5 million KRW each for two encouragement award teams.

The grand prize was awarded to team "Error," which predicted rising stocks using SCINet (Sample Convolution and Interaction Network), a machine learning time series forecasting algorithm. The excellence awards went to team "Daycon," which developed an algorithm using buy and sell conditions, and team "Yeonbongollyeojuseyo," which developed a reinforcement learning algorithm utilizing indices. The encouragement awards were given to team "QM," which developed an asset allocation optimization algorithm predicting bear markets, and team "Hoeginongjang_Mulyak," which developed an algorithm using Price-to-Book Ratio (PBR) and Price-to-Earnings Ratio (PER).

At the award ceremony, Sohn Byung-doo, Chairman of the Korea Exchange, said in his congratulatory remarks, "It has become more important than ever to find and properly string together the pearls hidden within data," adding, "Efforts to discover new algorithms and rediscover the value of capital market data must continue."

This content was produced with the assistance of AI translation services.