U-Mart Project

U-Mart2005

Two-thirds of the human agent participants in U-Mart2005 were students from Chuo and Kinki Universities who take part every year, the remaining third were from research laboratories. “A professional speculator” who saw information about U-Mart2005 published in Kyoto-Shinbun also applied to participate. The convention was co-organized by UMIE2005 which issues invitations to machine agents. All machine agents who applied to the international convention were able to participate. More than 80 percents of participants were experienced, therefore, the price fluctuations was moderate. Even so, one participant placed orders up to 168 times, competition was fierce.

･Date		12, September, 2005
･Place		Kyoto University (Event of Social Infomatic Fair)
･Participants		Machine Agent : 30 Agents Human Agent - 1st trial : 29 Agents 　　　　　　　　　　2st trial : 26 Agents
･Agent type		Machine &Human

For 1st Trial
1,　# Sessions per day; 3 times
2.　Session interval; 20 seconds
3.　Trading period; 30 days
4.　Total # sessions; 90 times For 2nd Trial
1.　# Sessions per day; 8 times
2.　Session interval; 10 seconds
3.　Trading period; 24 days
4.　Total # sessions; 192 times

【Machine】

MemberID	Team	University	Agent name
1～5	OCU-Nakajima	Osaka City University	T01 Series
6・7	Team titeCHuo	Tokyo Institute of Technology & Chuo University	T02 Series
8～10	Kyoto University,Pocket Seminar Kita 2005	Kyoto University	T03 Series
11～13	Kinki University	Kinki University	T04 Series
14～25	Hobomegane	Shizuoka University	T05 Series
26～30	Chuo University	Chuo UJniversity	T06 Series

【Human】

MemberID	Team	University	Name
1～11	Chuo University	Chuo University	Akazaki・Itai・Osako・Kanami・Seto・Shinohara・Segawa・Tabira・Nakamura・Murakami・Yamasaki
12～14	Taniguchi seminar of Kinki University	Kinki University	Ueda・Uenishi・Kajihara
16～19	Hobomegane	Shizuoka University	Sato・Umeda・Sakane・Kanasawa
20	Kyoumo uousaouda yamashikun	officer	Tatsuta
h1		Kyoto University	Torii
h2			Takagi
h3・h4・h6		Kyoto University	Matsuda・Murakami・Matsumoto
h5			Ono
h8		Tokyo Institute of Technology	Sasaki
h12～15・h18

●Result of the 1st trial: Machine & Human

Rank	Agent name	MemberID	Team	University	CASH（\）
No.1	Sasaki	h8		Tokyo Institute of Technology	1,986,474,000
No.2	Ueda		Taniguchi seminar of Kinki University	Kinki University	1,603,156,000
No.3	T06_Nakamura_spreadStrategy	27	Chuo University	Chuo University	1,292,246,000
No.4	Kajihara		Taniguchi seminar of Kinki University	Kinki University	1,237,180,000
No.5	Segawa		Chuo University	Chuo University	1,147,133,000

○All Rank

●Result of the 2nd trial: Machine & Human

Rank	Agent name	MemberID	Team	University	CASH（\）
No.1	T06_Nakamura_spreadStrategy	27	Chuo University	Chuo University	2,840,995,000
No.2	T04_TestStrategy	11	Kinki University	Kinki University	1,433,484,000
No.3	T04_TestStrategy3	13	Kinki University	Kinki University	1,423,468,000
No.4	T04_TestStrategy2	12	Kinki University	Kinki University	1,422,139,000
No.5	Sasaki	h8		Tokyo Institute of Technology	1,406,772,000

○All Rank

●Total Rank

The transit of prices of 1st trial

【Bankrupted Agents】
Human : 2/29(6.9%)
Machine : zero

The transit of prices of 2nd trial

【Bankrupted Agents】
Human : 5/26(19.2%)
Machine : zero

【U-Mart2005・1st trial】


The transit of h8's position(No.1 of 1st trial)	An upper chart: position transition 　　　　　A blue line・・・selling position 　　　　　 A red line・・・buying position Aggressive selling when the price decreases, and keeps the position Total order number: 168 times Contract number: 91 times Order number per contract 　　　　　 First day ～ Day 5 : 100 　　　　　 Day 6 ～ Day 11 : 200 　　　　　 Day 12 ～ Final day : 150 　　　　　 *300 for just one time(no contract) Order : all limit order
The transit of h8's profits	Unrealized profit(yellow line) 　　　・・・Strong impact of price fluctuation Complete high-risk-high-return type

The transit of Ueda's position(No.2 of 1st trial)	Forming a selling position in the very early stages 　　　　　Positioning at the stage of no clear trends reading 　　　　　A little bit gambling? Buying and selling for dissolution afterwards → the process not unfinished? 　　　　　Succeeded accoringly by resultiong price decline? Total order number: 28 times(with 12 for canceled order) Cpmtract number: 12 times
The transit of Ueda's profit	Unrealized prifit(yellow line : unrealized prifot, red line : zero profit line) 　　　・・・Having a period of negative figure "gambler" type

The transit of T6_Nakamura_spreadStrategy's position (No.1 of machines)	Finally the selling position formig is common The main difference is forming the buying position at the first stage 　　　　　Cash goods ＞ Future goods period In the last half, Cash goods ＜ Future goods, so the selling position formed accordingly. Order number: 219 times Contract number: 27 times
The transit of T6_Nakamura_spreadStrategy's prifit (No.1 of machines)	Unrealized prifit: Price fluctuation caused wide range of fluctuation 　　　　　→It was pretty dangerous

【U-Mart2005・2nd traial】
	8th version on the thirteenth day: why bulge? 　　　　　 → Buying order of precedence for 8000 by h13(personal bankruptcy)・・・ordering error? － h13 : the escalation strategy －　　　 Transit of the order 　　　　　・First day : dimensions, quantity 100 　　　　　・Day 2 ～ Day 6 : dimensions, quantity 300 　　　　　・Day 7 ～ Day 9 : dimensions, quantity 800 　　　　　・Day 10 : no order 　　　　　・Day 11 ～ Day 12 : limit order, quantity 400・800・800・8000 　　　　　・and Day 13 : dimensions, quantity 8000

The transit of h8's position and profit (No.1 of 2nd trial)	On first glance, it looks like a sound method adjustin the position diligently, but... Actually it seemed like repeatin cutting a loss Sold at a profit 1200 at bulge!! 　　　　　 → complete "One-shot deal" type Good judgment toward the scene?

The transit of T6_Nakamura_spreadStrategy's position and profit (No.1 of Machine)	Sold at a profit 3200 at bulge, same with h8 Having subtle ups and downs at further points