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Volume 15, Issue 5
1 May 1989
Managerial Finance Cover Image for Volume 15, Issue 5
Review Article| May 01 1989

PROTRADER: An Expert System for Program Trading Available to Purchase

K.C. Chen;
K.C. Chen
Theodore Brix Professor of Finance School of Business, California State University, Fresno, CA 93740‐0007
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Ting‐peng Liang
Ting‐peng Liang
Assistant Professor of Accounting,Department of Accountancy, University of Illinois at Urbana‐ Chamapign, Chamapign, IL 61820
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1758-7743
Print ISSN: 0307-4358
© MCB UP Limited
1989
Managerial Finance (1989) 15 (5): 1–6.
https://doi.org/10.1108/eb013623

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.

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© MCB UP Limited
1989
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