Seems papertrading is also allowed:
http://www.businessweek.com/articles/2012-12-20/the-hedge-fund-hunger-games
$20mm seed capital trading tournament
"
"The Sharpe Ratio Shootout" Registration Ends March 15th, 2013
Battle-Fin is launching its 4th systematic trading tournament. Tournament Sponsors have pledged up to $20mm in allocations.
Our cutting edge real-time tournaments democratically identify tomorrow's best trading strategies from across asset classes. Our tournament structure harnesses the power of the internet to identify the most successful trading strategies.
If you are a quantitative trader with a successful investment strategy, register for our next tournament by March 15th, 2013. There is no cost to enter and we do not ask to own trader IP.
"
http://www.businessweek.com/articles/2012-12-20/the-hedge-fund-hunger-games
$20mm seed capital trading tournament
"
"The Sharpe Ratio Shootout" Registration Ends March 15th, 2013
Battle-Fin is launching its 4th systematic trading tournament. Tournament Sponsors have pledged up to $20mm in allocations.
Our cutting edge real-time tournaments democratically identify tomorrow's best trading strategies from across asset classes. Our tournament structure harnesses the power of the internet to identify the most successful trading strategies.
If you are a quantitative trader with a successful investment strategy, register for our next tournament by March 15th, 2013. There is no cost to enter and we do not ask to own trader IP.
"
I read the article and found it slightly funny. I didn't find it odd that bank guy didn't inform compliance. I found it truly odd that they inserted people into competition without their knowledge. Funny.