Simple Quoter

It might look daunting to write trading bots and algorithms to trade via API. But at Thalex, we are convinced that the future belongs to the "retail quant". All you need is your wit and some basic Python skills.

We've made it easier for you to start. We've created the simplest possible, 160 lines of code Python Quoter Bot, that will quote the Perpetual around the mark price.

All you need to do is download it, set up the API key, and you'll be trading safely (with fake money) on TestNet in less than 10 minutes. Even better... we're giving you ABCs for it!

• $250 in ABCs if you run this bot on TestNet and get $20M of maker volume in one trading day
• $250-$1,000 in ABCs extra if you improve the pricing logic beyond its absolute basics and send us your changes

The first task is simple. We wrote a blog post that walks you through the code of the bot, and how to run it. Run it for a few hours, tweak the parameters so you get to $20 Million in maker volume in a trading day, send us the log, get $250 in ABCs. Easy gains! Trading days run from 8am UTC to 8am UTC the next day.

The second task is more interesting, with up to $1,000 in ABCs rewards. Our simple version leaves a lot of room for improvement. The first order of business should be to improve the extremely naive pricing model.

Do you think you can improve it? We're looking for interesting, useful, inventive new pricing ideas implemented in our original script. Send us a screenshot of your new and improved script, and you get another $250 in ABCs. Moreover, we will reward the best submissions with yet another $750 in ABCs (for a maximum total reward of $1250), and share this code on our blog and social media.

Participation, Rewards and ABC usage are subject to Terms of Use and ABCs Fair Use.

FAQ

How will you judge the submissions?

We're looking for code that we really want to show to others. That can be because it is efficient, because it's a smart or unique idea, and/or because it is elegant. Surprise us!

We always prefer simple, clean, readable code.

Will everyone who submits their changes to the script receive $250 in ABCs?

Anyone who makes any useful, reasonable and/or interesting changes to the pricing logic will receive $250 in ABCs.

That said, we reserve the right to reject submissions we deem to be in bad faith. Just changing the parameters or writing one or two lines of code does not constitute "changing" the script.

If my submissions gets featured, will you mention my name?

That depends on you. We will reach out to the winner to ask how they would like to be credited, or if they would like to remain anonymous.

What if I don't want my submission to be shared with the world?

Send us a message ([email protected]) when you sent us your submission. We will not share your code online if you do not want it to be shared. You will still receive the $250 ABC reward for sending us your code, but are not eligible for the extra $750 prize for the best submission.

Campaign Terms

Eligibility

This campaign is open to any retail trader, including those who are not yet Thalex customers. However, since ABCs can only be used by Thalex customers, to claim the reward, you have to apply for a Thalex account within 30 days after the submission deadline.

Duration

This campaign remains ongoing. Thalex reserves the right to end the campaign at its discretion. We will update this page with an end date at least 5 working days in advance.

Reward Cap

Each customer can only claim each of the two rewards once.

Discretion

Thalex reserves the right not to grant rewards in case of any non-compliance with the Terms & Conditions, illicit behavior, or unfair advantage at its own discretion.

Intellectual Property

As a condition of submission, you grant Thalex and its subsidiaries a perpetual, irrevocable, worldwide, royalty-free, and non-exclusive license to use, reproduce, adapt, modify, publish, distribute, publicly perform, create a derivative work from, and publicly display the Submission.

ABCs Fair Use

• Asset Balance Credits, or "ABC", are governed under the Terms of Use and ABC Terms of Use.
• ⁠Thalex may, at all times and without assigning a reason thereto, undertake investigations and verifications that neither the ABC’s nor the Campaigns are being misused or abused; to do so, it may undertake phone verifications, IP verifications, account verifications and other actions it deems necessary to protect the regular functioning of the Platform.
• ABCs are not Client Money, and don’t have the consideration of Client Assets. They don’t represent a segregated pool of liabilities, and will not be segregated under the Custody Policy.
• ABCs are not available for withdrawal, they are not Digital Assets, nor have the categorization of Digital Assets, and are not usable, for any purposes, outside of Thalex Platform. ABCs can only be used for margin balance purposes.
• ABCs don’t reflect P&L, and cannot be used for negative P&L settlement. ABCs don’t convert into profit; however, profit(s) derived from trades based on ABCs will be credited to the Participant’s account in the settlement coin. Whilst profits are considered Client Money, they may be reversed, and trades undone, in the event that, following its procedural checks, Thalex concludes that their acquisition has resulted of the violation of these Terms and of the Rulebook, having the ability to clack back the Profit and revert trades to the counterparts, as the case may be.
• ABCs don’t expire; however, Thalex reserves the right to remove any ABC balance from the Participants account following 1 (one) months of inactivity.
• Controlling multiple logins or coordinating activity across multiple customer accounts is strictly prohibited.
• Any breach of the ABC Terms, Terms of Use, or Rulebook may lead to the removal of ABCs and any associated profits, at Thalex’s sole discretion.
• ABCs do not qualify as Client Money unless Thalex confirms they have been received and used in full compliance with our Terms of Use.
• Thalex reserves the right to investigate customer activity. Failure to cooperate may result in the forfeiture of ABCs and related profits.
• Thalex is the sole interpreter of the Terms and Conditions of each Campaign, of the Terms of Use and of the Rulebook.