This would be much more interesting if the features weren't anonymized.
At this point this is just a widest/deepest neural net competition on some unknown bunch of features.
Jane Street Market Prediction ($100k Kaggle competition)
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Re: Jane Street Market Prediction ($100k Kaggle competition)
#12Is this a just a hiring competition under a different name? If you can beat their model, obviously you deserve a 100k signing bonus and a very generous compensation package.
Re: Jane Street Market Prediction ($100k Kaggle competition)
#13Any model superior to what Jane Street is running is worth vastly more than the prizes they’re offering. If you prove such a model out, get licensed (SEC, FINRA) and start soliciting to manage assets. Disclaimer: Not investment advice. Not a lawyer, not your fiduciary.
To me, this seems more like a funnel for recruiting
Re: Jane Street Market Prediction ($100k Kaggle competition)
#14Earlier quoted context omitted.
You don't have to (and certainly won't) beat all of Jane Street. The goal is to beat everyone else on Kaggle. A still difficult but much more accomplishable task.
Yeah, I’m arguing to not disclose the model. It’s worth far more held close. If you want to work at Jane Street, go work for Jane Street. If you want to build your own models and run your own shop, the tools exist for you to do that without Jane Street (although there’s probably some amount of value learning the ropes there while they pay you, if that’s your thing). My comments in thread are primarily around not havi…
My point is the winning model of the competition will not be worth anything beyond the prize. It will only be the best amongst other kagglers, almost none of whom are domain experts in finance. It will not stand a chance in "prod".
Re: Jane Street Market Prediction ($100k Kaggle competition)
#15Whats the over / under on someone entering the inverse of what WSB does?
Re: Jane Street Market Prediction ($100k Kaggle competition)
#16So, if I parsed the training data correctly, one's output algorithm is completely agnostic to any actual market conditions. It's merely learned on the anonymized feature set of 130 variables. Making it qualitatively no different that any other abstract ML forecasting problem. There's no considerations of market microstructure, news driven events, leverage, etc?
In their "code requirements" section they say:
> Freely & publicly available external data is allowed
So I presume it would be fair to fetch and leverage additional data on your own.
Re: Jane Street Market Prediction ($100k Kaggle competition)
#17Is this a just a hiring competition under a different name? If you can beat their model, obviously you deserve a 100k signing bonus and a very generous compensation package.
You don't beat their model, just those of everyone else in the competition. A very different game.
Re: Jane Street Market Prediction ($100k Kaggle competition)
#18Any model superior to what Jane Street is running is worth vastly more than the prizes they’re offering. If you prove such a model out, get licensed (SEC, FINRA) and start soliciting to manage assets. Disclaimer: Not investment advice. Not a lawyer, not your fiduciary.
That's a general problem with a lot of kaggle-esque comps: but then I don't discount the number of unemployed or intellectually curious very intelligent people out there, even if they're doing the equivalent of pushing down against the value of my wage/ bargaining power and doing the datascience equivalent of working for reputation/recruitment.
hell, the thing about us hackers is I can KNOW it's a dud deal, yet part of me still wants to give it a go because it's a problem and it's right there!
Re: Jane Street Market Prediction ($100k Kaggle competition)
#19Any model superior to what Jane Street is running is worth vastly more than the prizes they’re offering. If you prove such a model out, get licensed (SEC, FINRA) and start soliciting to manage assets. Disclaimer: Not investment advice. Not a lawyer, not your fiduciary.
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Re: Jane Street Market Prediction ($100k Kaggle competition)
#20Nothing like free code monkey data scientists.