What is a hackathon?

A hackathon (also known as a hack day, hackfest or codefest) is an event in which programmers and others involved in software development, including graphic designers, interface designers and project managers, collaborate in a short period of time on software projects.

Can you give some background to trading & investments and capital markets?

Trading and investments are carried out in what is called a “capital market”. Simply put, this brings people with excess money ("investors") together with those who use money (businesses, government, individuals) to trade different types of products (shares, bonds, swaps etc.).

People can trade and invest on an "Exchange" which is a market place bringing together buyers and sellers of financial products. Traditionally this was done through conversation, for example the New York Stock Exchange, nowadays these are electronic such as the London Stock Exchange or the NASDAQ.

What are the current industry challenges?

  1. Digital innovation has transformed almost every industry but for some reason in Capital Markets this isn’t the case. How can digital disrupt the status quo?
  2. Capital markets were historically a closed business, with data available only the privileged few. Research has historically been available to a closed network and reports pulled information from disparate sources. Now participants want and need data in real time - how can the vast data sets and the availability of that data make trading and investments more available to the wider population?
  3. The industry is experiencing a prolonged period of low growth, high volatility with restrictive regulation. How can banks radically rethink the ways that they engage their clients in the digital age?

Who are the key participants in the industry?

  • Companies - need money to run their businesses
  • Investment Banks - help companies raise money using their contacts and marketing to attract investors
  • Corporate Finance Advisors - advise companies of how to raise money
  • Investors - want to make a return on extra money that is better than using a risk free method like a savings account
  • Stockbrokers - provide advice and act as agents to investors because trading is costly
  • Custodians - hold investments on behalf of investors

What are some example ideas / innovations for the hackathon?

Here are some starters for 10 to get you thinking:

  1. Can we make it easier to trade on mobile devices and wearables?
  2. How can digital technology help employees be more efficient in completing the requisite and significant regulatory training requirements?
  3. Can social media sentiment analysis be used for automated or semi-automated investment decisions?
  4. If I want to trade or invest in a particular financial product how do I quickly find out who can offer me the best / cheapest deal?
  5. Can capital markets make use of the growth in popularity of crowd funding and/or crowd sourcing?
  6. Low volume, low value trading is costly due to fees, are there any alternative ways people can invest (e.g. people pooling money together)?

How do I register?

You can register by clicking on the ‘register now’ link, or find the event on Eventbrite to register directly.

Who should enter?

Anyone and everyone! From students to agencies to technology startups to professional services firms. We want people to attend who can come up with disruptive ideas; not being familiar or associated with the industry might mean you are more likely to come up with an innovative idea!

How much does it cost?

This event is free!

Can I register as an individual?

Yes. You can register as an individual but to compete you will need to form a team on the day. There will be an opportunity to meet people when you arrive at the event so make sure you are early!

If I register am I guaranteed entry?

No, only 15 teams will be able to participate in the Hackathon. Once you have registered you will receive an email to confirm your participation.

Can I register a team?

Yes. Teams can enter with up to 5 people.

What do I need to do beforehand?

Your team should come with a product or service idea in advance. Alternatively you can take a high-risk strategy and look for inspiration on the day!

What if I don’t know much about trading & investments and capital markets?

No problem. There will be a number of experts on site to help you understand some of the issues facing the industry today and allow you to bounce ideas off them.

How is the hack structured?

Day 1 (Thursday):
  • 0800 – 0900: Participants arrive; registration and team forming
  • 0900 – 0930: Pre-event briefing (logistics and industry issues faced)
  • 0930: Hackathon starts
  • 1230: Lunch
  • 1900: Dinner
  • 2300: Day 1 finishes (participants to leave the building)
Day 2 (Friday):
  • 0700: Hackathon re-starts
  • 0800: Breakfast
  • 1230: Lunch
  • 1500: One hour warning
  • 1600: Team Presentations (5 minutes each)
  • 1730: Winners announced
  • 1800: Drinks and close

What can we win?

There is also the opportunity to win a "partner innovation award" where Deloitte Digital will potentially work together with the creator of an idea and develop it to the next stage.

In addition any impressive student entries have the chance to be recommended to enter the BrightStart programme. BrightStart is a structured training program offered by Deloitte to take on talented students and help them to develop a successful business career. Deloitte talent scouts will be present at the Hackathon and will be keeping an eye out for students to potentially take into Deloitte’s BrightStart program. Learn more about BrightStart.

What kind of solution do I have to come up with?

Anything you want! We have deliberately kept the brief broad to try and allow participants to come with ideas that are as disruptive and innovative as possible.

What kind of code can I write?

You can write any type of code you want!

Do you own my hack?

No. The idea you develop during the day is yours.

Can I stay overnight?

No. Unfortunately building security dictates that we cannot allow people to stay overnight. There will be a pause at 11pm on day 1 and the hackathon will resume at 7am on day 2.

How does the judging work?

A panel of financial services experts will be present to judge the entries. The criteria for the winning entries will be based on:

  • Level of disruption
  • Client time/cost saving
  • Staff time/cost saving
  • Ease of use
Technical completeness
  • Quality of Presentation

Will there be food?

Yes breakfast, lunch and dinner will be provided along with refreshments.

Do I have to bring my own equipment?

Yes. We will provide power sockets and Wi-fi.

Who will my hack benefit?

The aim of this event is to find ideas that will disrupt the capital markets industry, making complex financial products more available to individuals and to improve the client and staff experience using digital technology.