PROTRADER: An Expert System for Program Trading

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