Citadel and Citadel Securities Announce Data Open Championship at the New York Stock Exchange

CHICAGO, Oct. 18, 2017 /PRNewswire/ -- Citadel and Citadel Securities today announced that the finale of their signature "Data Open" datathon series for 2017 will take place at the New York Stock Exchange in New York City in November. The firms will invite more than 80 of the best performing students from the 19 Data Open competitions held throughout the year at top universities across the U.S., UK, Ireland and Canada to compete for a $100,000 grand prize, which Citadel Founder and CEO Ken Griffin will present to the winning team. A panel of esteemed academics, data scientists and quants will judge the presentations.

Citadel and Citadel Securities kicked off their fall semester Data Open line-up with a competition at the University of California, Berkeley on September 9. Recently, the firms held datathons in Boston and Philadelphia on September 23, which together convened more than 200 participants from universities such as Harvard, MIT, Princeton and the University of Pennsylvania.

More than 7,000 undergraduate, graduate and Ph.D. students have signed up to participate in Citadel and Citadel Securities datathons this year.  Those who are selected to compete form teams to work through a large and complex dataset and then present their findings to a panel of judges. 

"The ability to harness meaningful insights from vast volumes of data is critical to success in our industry, and these competitions are helping bring together talented individuals who are as passionate about data science as we are," Griffin said. "We are looking forward to seeing creativity unleashed and problem solving skills displayed at the finale."

"Exceptional talent is what enables Citadel Securities to make better markets each and every day," said Citadel Securities CEO, Peng Zhao. "The Data Open series is helping us connect with some of the world's most talented undergraduate and graduate students. We are excited that the Data Open Championship is taking place at the historic New York Stock Exchange, where Citadel Securities plays a critical role as the exchange's largest market maker."

"We've had a strong partnership with Citadel and Citadel Securities over the years and we are excited to host the next generation of great data scientists here on the NYSE trading floor," said New York Stock Exchange President, Tom Farley. "This is an event I very much look forward to."

About Citadel

Citadel is a leading investor in the world's financial markets. For over a quarter of a century, we have sought to meet the investment objectives of our clients, which include corporate pensions, endowments, foundations, public institutions, and sovereign wealth funds. Our global team works to help our clients' capital fulfill its greatest potential across a diverse range of markets and investment strategies, including fixed income & macro, equities, quantitative, commodities and credit. For more information, visit Citadel.com.

Locations: Chicago, Boston, Dallas,  Greenwich, Hong Kong, Houston, London, New York, San Francisco, Shanghai, and Toronto

About Citadel Securities

Citadel Securities is an award-winning global market maker that helps meet the liquidity needs of asset managers, banks, broker-dealers, hedge funds, government agencies, and public pension programs. We offer a broad array of fixed income and equity products, utilizing a unique set of capabilities and tools designed to drive down the cost of transactions. We strive to provide the most efficient execution and highest caliber of client services, making markets more fair and accessible for all. For more information, visit CitadelSecurities.com.

Locations: Chicago, Dublin, Hong Kong, London, New York, Shanghai, Sydney, and Toronto

SOURCE Citadel; Citadel Securities

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