Competition Overview and Guidelines
- An individual participant (“you” or the “participant”) who wishes to join the International Quant Championship (referred to herein as the “IQ Championship”) must be eighteen (18) years of age or older and not prohibited from participating by any law, agreement, binding obligation or policy. You are responsible for obtaining any permissions necessary for participation. You must first register as a WebSim user and be approved by the system. Existing WebSim users meeting the other requirements detailed here may also compete by visiting the IQ Championship tab after logging into WebSim.
- There is no fee to register for a WebSim account or to join the IQ Championship. Each participant should register only once and as part of one team and a participant’s account or ID may not be shared.
- The participant accumulates points by building predictive models (alphas) using historical market data and predefined operators or Python to simulate equity positions, assigning weights to securities based on a prediction of the expected returns in the next defined trading period. Alphas are considered for scoring if they qualify for out-of-sample testing. Each qualifying alpha is scored based on its performance against other alphas in the system. Since the IQ Championship is primarily a team-based competition, the scores for each individual are aggregated to produce a team score. Team scores will be updated regularly and posted to the leaderboard.
- Alphas submitted before registering for the IQ Championship will not be considered for scoring.
- The IQ Championship is primarily a team-based competition with teams comprised of up to 6 individuals. Teams may consist of students, faculty or alumni; however, each team member must be from the same university. Violation of this rule will lead to disqualification of the entire team. A team is considered active in the competition once the member or members of the team have accepted these guidelines. The registration page for a team’s creation is available here.
- The IQ Championship will run from late March through early August of 2018 and will be composed of three different stages:
- Stage 1 (University level), March 20 to May 20, 2018: Teams within individual universities will compete against one another for the honor to represent their institutions in the national and regional stages of the competition.
- Stage 2 (National/Regional level), June 1 to July 7, 2018: The leading university teams from Stage 1 will compete against one another to determine the team that will represent their country or region in the global finals. Part of this stage of the competition will take place in person at a WorldQuant office or other location.
- Stage 3 (Global level), July 8 to August 5, 2018: The winning national and regional teams will be flown to Singapore for a two-day live competition that will determine the overall IQ Championship winners.
- New teams can only be formed during Stage 1 through May 15. New members can only join existing teams during Stage 1 through May 15.
- You can participate on only one IQ Championship team.
- Team members may not quit or leave their team during the competition, however, if a team member deactivates their WebSim account, that team member will no longer be a part of the team and their individual scores will no longer accrue to the team in the IQ Championship – the team will continue to exist and participate in the IQ Championship. If all the team members of a team agree to disband the team, the team will be discontinued and the former team members may continue to participate in the WorldQuant Challenge as individual participants.
- Research Consultants are not allowed to participate in the IQ Championship. Violation of this rule will lead to disqualification of any team containing Research Consultant members.
- Scoring for the IQ Championship will be different in each stage to encourage contestants to be creative and build the best-performing alphas.
- WebSim will tag group members to each alpha simulated and/or submitted during the IQ Championship, but for all other purposes sole attribution of the alpha will be assigned to the individual submitting the alpha.
- Teams will be automatically discontinued if they fail to qualify for the next stage of the IQ Championship. All teams will be automatically discontinued upon conclusion of the IQ Championship. After the IQ Championship ends, participants may continue to participate in the WorldQuant Challenge as individual participants.
- Participation in the IQ Championship does not entitle participants to claim any item of value or other consideration.
- A leader board will show the ranking of each team competing in the IQ Championship. The leader board will have location information about each team and its members that will allow users to filter the leader board by Country, City and University. Filters are based on information provided by participants. It is each participant’s responsibility to ensure their profile information is accurate; if a participant is found to have falsified his or her university affiliation, he or she will be disqualified from the IQ Championship. Participants further agree not to use any illegal, offensive, inflammatory, abusive, libelous, defamatory, discriminatory, obscene or otherwise inappropriate image, language or other content in their profile or to post it on the site.
- By participating in the IQ Championship, you agree to grant the rights to your alphas and other Input as set forth herein and to comply with these guidelines and the WebSim Agreement (incorporated herein by reference). By participating in the IQ Championship, a participant represents and warrants that any alpha submitted by participant is his or her own original work. No part of the alpha can be subject to the rights of any other person or entity.
- We reserve the right to change the scoring algorithm at any time. We reserve the right to amend the site, any elements of the competition or these guidelines at any time in our sole discretion with or without notice to participants, and to cancel, change or terminate the competition or disqualify any participants without any compensation.
- We reserve the right to review any submitted alpha and disqualify the alpha or terminate the participant’s and/or the team’s account without any notice if we find the deliberate introduction of “noise” to subvert our scoring systems.
- Furthermore, if we detect any signs of “gaming,” sharing, cheating or any other unethical or dishonest behavior, we will terminate the participant’s and/or the team’s account and may report the matter as necessary.
- Users should have only one active WebSim account. Duplicate accounts are grounds for suspension not just from the IQ Championship and the WorldQuant Challenge but also from WebSim. Please ensure that you deactivate any duplicate accounts you may knowingly or accidentally have created by using the following URL:
- Any reimbursement of travel costs that may be available to participants in connection with the semifinals or finals of the IQ Championship will be limited to eligible participants traveling from select regions, in each case as determined by WorldQuant in its sole discretion.
Consulting, Employment and Other Opportunities
- We may also offer up to five full-time quantitative research positions to eligible candidates from the pool of IQ Championship winners.
- We may offer up to 15 internships to participants who have demonstrated a strong understanding of alpha creation in the course of their participation in the IQ Championship.
- We may also offer research consultant opportunities to eligible candidates who excel during the IQ Championship, subject to WorldQuant’s discretion.
No consulting or employment opportunity nor any compensation is guaranteed; any engagement as a Research Consultant, intern or full-time employee is subject to satisfactory completion of a background check, execution of a relevant consulting, internship or employment agreement (as applicable) and any other applicable requirements in the discretion of WorldQuant.