Chung Shun LEUNG

BSc in Risk Management Science
LegendArb Financial Limited

Interning as a quantitative research analyst at LegendArb Financial Limited gave me a great opportunity to learn about finance and trading. Most importantly, I gained exposure to quantitative and algorithmic arbitrage trading. Throughout my time at the company, all of my colleagues, and especially my supervisor Mr Richard SHI, gave me a lot of support and guidance, which allowed me to learn and perform my tasks efficiently in a friendly working environment. They also gave me great insights into arbitrage trading.

I was assigned several tasks, such as data analysis, strategic trade research, algorithm improvement and database handling. I started by doing some paper-based research to gain inspiration for creating new trading strategies. Next, I began coding with Python to build and back-test an algorithm. Once a strategy has been shown to be profitable through a back-test and live simulation, it can be deployed in the real financial market.

During my five-month internship, I gained a lot of knowledge in several areas. In terms of data handling, I learned how to build a dataset for use when building or back-testing an algorithm, including ways of handling missing data. I also had the chance to apply my quantitative analysis and trading skills in real markets, such as using spreads or regression when viewing charts and hedging during trading. These fundamental trading techniques provide a basis for the more complicated trading techniques I will learn in the future.

In addition, I used several programming-related tools and languages during the internship. For example, Excel VBA, SQL, Python, C#, Tortoise and the Bloomberg Terminal enabled me to more effectively and efficiently build programming structures and analyse datasets in greater depth.

In sum, my internship at LegendArb was a fruitful experience. I learned a lot, and it gave me a good opportunity to apply in practice all of the knowledge I had gained at undergraduate level. It showed me that programming plays an important role in statistics, especially with the rise of big data and machine learning. Again, I am grateful to LegendArb and CUHK’s Department of Statistics for this internship opportunity and all of their help and support.

Chun Hei TSE

BSc in Risk Management Science
University of Toronto, Canada

During the winter term, I had an incredible opportunity to participate in an exchange programme at the University of Toronto (U of T). As part of this enriching experience, I enrolled in a selection of stimulating courses that expanded my knowledge and skills. The courses I took included Introduction to Machine Learning, where I gained a comprehensive understanding of the fundamental principles and algorithms used in this exciting field. In this course, I collaborated with classmates from diverse ethnic backgrounds on a project about building neural networks. This experience not only enhanced our problem-solving skills but also taught us the importance of cultural diversity in our academic pursuits. Through mutual respect and shared knowledge, we developed a deeper understanding of collaboration and teamwork. It was an invaluable opportunity to learn from each other and broaden our horizons.

Additionally, I took Statistical Computation, which equipped me with valuable tools for data analytics. One challenge that I encountered in this course was adapting to a discussion-based lecture. This teaching style, which required pre-reading before each class to actively participate in discussions, was different from what I was accustomed to at CUHK. To overcome this challenge, I developed a disciplined routine of pre-reading and invested my time and effort to understand the mathematics literature before each lecture. I actively engaged in discussions, sought clarification from the professor, and collaborated with my classmates. This experience taught me the importance of adaptability, time management, and active learning. It also reinforced the value of critical thinking, effective communication, and independent learning. Ultimately, this challenge strengthened my resilience and expanded my academic horizons, preparing me for future challenges.

Beyond academics, I actively engaged in campus life by joining the D2 Soccer team at Trinity College. This allowed me to immerse myself in the vibrant sports culture at U of T and participate in the U of T Intramural League. Being part of the soccer team not only honed my athletic abilities but also fostered teamwork, discipline, and perseverance. It was an exceptional opportunity to connect with my fellow students and build lasting friendships.

For prospective applicants seeking an exchange programme, I encourage embracing language challenges with confidence and seizing every opportunity for growth and connection. Through my personal experience, I discovered that Canadians greatly admire non-native English speakers who can communicate fluently, such as those from Hong Kong. They appreciate the effort put into mastering a second language and do not judge your English abilities on the same scale as native speakers. Remember, confidence is key. Embrace the chance to improve your language skills, engage with others, and make the most of your exchange programme with a positive and self-assured mindset.