Share Position Limit (no points, but a restriction):
As always, there is a share position limit of 100,000 shares (long or short) throughout every
trading day. Violators are subject to arbitrary enforcement, including summary disqualification.
On a daily basis, 3 points will be assigned to each client whose final value
is highest in its pool, 2 points to the second highest, and 1 point to the third highest.
The maximum number of points achievable in this category is thus 30 (if you managed to
win this category in your pool all 10 trading days).
A one-time award of 15 points to any client that has a positive cumulative value over the 10 days,
and also ends at most 3 days in the red.
Robustness to Market Variation (Var):
An award of 5 points to each client that ends in the black on any
pair of trading days in which the MSFT price rose overall on one day of the
pair, and fell overall on the other. For each additional such pair, an additional 5 points.
Note that awards in this category will be possible
only if the 10 trading days contain at least one up day and one down day for the stock.
If there were 5 up days and 5 down days, a total of 25 points would be possible in
Risk Saturation (Sat):
On a daily basis, 2 points will be awarded to every client that achieves a share position
in excess of 50,000 shares (long or short) at some point during the trading day.
Alternatively, if your client is run in a pool consisting of N clients, you may
earn these points by having the total matched volume of your client for the day
exceed a fraction (1/2N) of the total matched volume for the simulator for the day,
independent of the size of your client's largest position for the day.
of 20 points is possible by accomplishing this all 10 trading days.
Position Unwinding (Unw):
On a daily basis, any client that is awarded the Risk Saturation point for that day
may earn an additional 2 points by ending the trading day with a share position of less
than 5,000 shares (long or short). This creates the possibility of an additional 20 points.
Intraday Position Reversals (Rev):
On a daily basis, 2 points will be awarded to any client that is both long 10,000 shares or more
and short 10,000 shares or more at some points during the trading day, and also ends that
day in the black. Another 20 points possible here.