PROTRADER: An Expert System for Program Trading
K.C. Chen
(Theodore Brix Professor of Finance School of Business, California State University, Fresno, CA 93740‐0007)
Ting‐peng Liang
(Assistant Professor of Accounting,Department of Accountancy, University of Illinois at Urbana‐ Chamapign, Chamapign, IL 61820)
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Abstract
Recently, program trading has allowed arbitrageurs to take advantage of the discrepancies in the futures market and the stock market. The key that enables program trading is computer technology. This article presents the design of PROTRADER ‐ an expert system prototype for program trading implemented in M.1. In particular, a learning mech‐anism that allows the system to adapt to the changes in the market is presented.
Citation
Chen, K.C. and Liang, T. (1989), "PROTRADER: An Expert System for Program Trading", Managerial Finance, Vol. 15 No. 5, pp. 1-6. https://doi.org/10.1108/eb013623
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited