Optiver Launches First Realized Volatility Data Science Competition with $ 100,000 Prize for Best Models

CHICAGO & AMSTERDAM – (COMMERCIAL THREAD) – Optiver, one of the world’s leading market makers, announces the launch of its first data science competition. Hosted in partnership with Kaggle, the world’s largest data science and machine learning community, the Optiver Challenge invites the global community to explore the principles of volatility and its essential role in the financial market. The Big Data competition builds on the company’s culture of embracing new perspectives and innovative ideas from diverse backgrounds.

“Automated and large-scale trading is a fascinating data challenge,” says Andrew Meyer, Optiver partner and head of Delta1. “Our Amsterdam office alone captured 1PB of market data. Our traders, researchers and engineers collaborate daily on the problems to be solved, how and why. Kaggle has over seven million registered data scientists who try to solve the most difficult data problems and some of our best recruits are from the community. So it seems natural to engage more broadly with the Kaggle community by sharing one of our realistic challenges. ”

Optiver contributes to efficient, transparent and healthy markets by accurately valuing financial instruments including options, ETFs, spot stocks, bonds and foreign currencies on stock exchanges around the world. In order to continuously generate accurate option prices for end investors, the company constructs and relies on sophisticated volatility models. Optiver’s algorithmic approach is constantly evolving, and the company is eager to explore what the Kaggle community can bring.

“As a company, we are always looking for new perspectives,” says Rutger Brinkhuis, CEO of Optiver US. “We want data scientists spanning all fields, all levels of experience and all walks of life to test their skills. Optiver believes that the best ideas can come from unexpected places. The future talents of the next generation of data scientists could very well come up with the best algorithm. Whatever their background, these are the spirits that Opiver wants to know.

During the three-month challenge, individuals and teams will build models that predict short-term volatility for hundreds of stocks across different sectors. Participants will receive millions of lines of highly granular financial data, with which they will have the freedom to develop and experiment. Models will be evaluated against actual market data during the three-month post-submission evaluation period, with the winning approaches receiving $ 100,000 in total price.

To register and participate, go to: https://www.kaggle.com/c/optiver-realized-volatility-prediction.

For more information on data science at Optiver and current opportunities, please visit: https://www.optiver.com/data-science-at-optiver/


Optiver is a global market maker with offices in Amsterdam, Chicago, Sydney, London and Shanghai. Over thirty years ago, we started our business as a sole trader on the floor of the Amsterdam European Options Exchange. Today, we are a leading liquidity provider, with more than 1,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and deep risk management. By providing liquidity on multiple exchanges around the world in various financial instruments, we help safeguard healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, by trading a wide range of products: listed derivatives, spot stocks, ETFs, bonds and currencies.

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