NDLI: Toward An On-Demand Option Rating Service for e-Business

Content Provider	IEEE Xplore Digital Library
Author	Lau, R.Y.K. Wong, K.-S. Fung, K.-F. Ho, S.-Y.
Copyright Year	2007
Description	Author affiliation: City Univ. of Hong Kong, Hong Kong (Lau, R.Y.K.; Wong, K.-S.; Fung, K.-F.; Ho, S.-Y.)
Abstract	With the fast-growing financial markets in Hong Kong and mainland China, corporate or individual investors have to make many important financial investment decisions on a daily basis. To make proper investment decisions, investors usually need to collect and analyze a huge amount of financial data beforehand. Nevertheless, human cognitive power is too limited to extract relevant information from the huge amount of raw data and to develop correct decisions in real-time. This paper illustrates the design and implementation of an open Web services based on-demand financial investment system which specializes in option trading. Corporate or individual Investors can subscribe to the aforementioned financial investment services so as to receive prompt advice for specific types of investment options. The proposed financial investment Web services can autonomously collect large amount of real-time data from various on-line sources and develop accurate predictions according to rigorous investment appraisal models. Based on a user profile, the system can provide personalized recommendation with reference to the specific risk-return trade-off of a subscriber. According to our empirical testing, the proposed option rating service can provide more accurate real-time predictions about the prices of options when compared with the online option calculator provided by a well-known financial investment company.
Starting Page	414
Ending Page	417
File Size	408809
Page Count	4
File Format	PDF
ISBN	9780769530031
DOI	10.1109/ICEBE.2007.39
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-10-24
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Pervasive computing Web services Investments Decision making Financial management Predictive models Robustness Personal digital assistants Portfolios Quality management
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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