ASTRI, CASH Algo Finance Group, and Hong Kong Science Park jointly organised the ‘Inter-University Algo Trading Contest’ seeking to identify and nurture young talents who can shine in algorithm-based trading a.k.a. algo trading. The contest served as a platform for participants to experience real life trading, and provided top performers with potential career opportunities or start-up support. At the event finale on 19 February 2017, Dr Frank Tong, Chief Executive Officer of ASTRI was one of the officiating guests and presented awards to the winners.
Algo trading allows users to unleash the power or their computers – to evaluate the stock market as per pre-designed rules, and automatically issue trading orders, all done with the help of digital intelligence. Statistics show that over 60% of the US stock market transactions are made by algo trading. Algo trading is becoming a popular trend in the age of Financial Technologies (FinTech). Developing algo trading platform and technologies will help Hong Kong in its endeavour to become a global FinTech hub. ASTRI actively pursues R&D on algo trading platforms and collaborates with financial institutions to promote related applications and solutions.
Over 100 teams from 13 renowned universities in Hong Kong and the Mainland participated in the contest. Professor KC Chan, GBS, JP, Secretary for Financial Services and the Treasury of the SAR Government; Mr Bankee P Kwan, JP, Chairman of the Organising Committee; Dr Frank Tong, CEO of ASTRI; Mr Albert Wong, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; Professor Tony F Chan, President of HKUST; and Professor Wong Yuk-Shan, President of the Open University of Hong Kong officiated the contest finale and presented awards to the winners. The overall champion’s Gold Award went to team ‘WeQuant’ from Tsinghua University while the Silver and Bronze Awards were won by teams ‘For Dream’ from Fudan University and ‘Alpha Quant’ from Hong Kong University respectively. The finale was a hard-contested, exciting event where future leaders of the industry had a taste of an advanced, digital future.

Officiating guests at the contest finale. On 5th from right, Professor KC Chan, GBS, JP, Secretary for Financial Services and the Treasury, HKSAR

Dr Frank Tong, Chief Executive Officer of ASTRI (2nd from right) presents awards to the winners.
Related News
ASTRI launches “IPs and Service Offerings for Technology Start-ups and SMEs” to provide solutions to enterprises Provides 20 offerings to software, hardware and consulting service companies with a starting price of HKD 50,000
[Hong Kong, 16 April 2022] With the rapid advancement of global technology development, the Hong Kong Applied Science and Technology Research Institute (ASTRI) is engaging more enterprises in the cooperation and common development of "industry, academia and research", ASTRI hence launched the "IPs and Service Offerings for Technology Start-ups and SMEs", selected 20 innovative technological companies from a varying categories of entry services, including 8 hardware, 6 software and 6 consulting service companies, with the entry price of HK$50,000 to HK$150,000 ...
See More
ASTRI and ACCESS Sign MoU to Jointly Promote Development and Commercialization of AI Chips in Hong Kong
[Hong Kong, 9 june 2022] The Hong Kong Applied Science and Technology Research Institute (ASTRI) and the AI Chip Center for Emerging Smart Systems (ACCESS) signed a memorandum of understanding today to jointly promote the R&D and industrialization of AI Chips, with the aim of further promoting the development of AI chips in Hong Kong to the world’s cutting-edge level ...
See More
ASTRI allocate RMB 5 million to establish joint laboratory with Southern University of Science and Technology First comprehensive collaboration with a university in the Greater Bay Area marks the beginning of R&D projects between GBA and Hong Kong
[Hong Kong, 29 April 2022] Rapid progress in scientific research technology has invigorated technical communication and collaboration in scientific research between Hong Kong and the Greater Bay Area ...
See More
ASTRI, ASM Pacific Technology and Alpha Power Solutions Develop First ‘Made in Hong Kong’ Silicon Carbide Intelligent Power Module for Electric Vehicles
[Hong Kong, 21 April 2022] The Hong Kong Applied Science and Technology Research Institute (ASTRI), ASM Pacific Technology Limited (ASMPT) and Alpha Power Solutions Co., Ltd ...
See More
ASTRI welcomed visit of Mr. John Lee Ka-chiu, candidate for the Chief Executive of Hong Kong
[Hong Kong, 16 April 2022] Mr. John Lee Ka-chiu (SBS, PDSM, PMSM, JP), the former Chief Secretary for Administration who is running for the Chief Executive, visited the Hong Kong Branch of Chinese National Engineering Research Centre (CNERC) for Application Specific Integrated Circuit System at Hong Kong Applied Science and Technology Research Institute (ASTRI), the first CNERC branch in Hong Kong, this morning ...
See More