TY - GEN
T1 - Web services for on-demand financial investment adviser services
AU - Wong, K. S.
AU - Fung, K. F.
AU - Ho, S. Y.
AU - Lau, Raymond Y.K.
AU - Ho, Michael
PY - 2007
Y1 - 2007
N2 - Financial investment services are becoming increasingly more demanding in Hong Kong since people realize that they would probably gain more profits by investing in stock and warrant markets rather than saving all their money in banks. A system that would help investors to make timely and correct investment decisions whenever they need it would be very desirable. This paper illustrates the design and development of a Web Services Based On-Demand Financial Investment System. In particular, the financial models underpinning our financial investment system, the service-oriented system architecture, and the implementation details of the prototype system are discussed. Based on the Binomial Model and the Black-Scholes Model, we are able to develop an effective option rating system. The prototype system is developed using Java Web Services Pack and it can be accessed via personal computers or Personal Digital Assistants (PDAs). © 2007 IEEE.
AB - Financial investment services are becoming increasingly more demanding in Hong Kong since people realize that they would probably gain more profits by investing in stock and warrant markets rather than saving all their money in banks. A system that would help investors to make timely and correct investment decisions whenever they need it would be very desirable. This paper illustrates the design and development of a Web Services Based On-Demand Financial Investment System. In particular, the financial models underpinning our financial investment system, the service-oriented system architecture, and the implementation details of the prototype system are discussed. Based on the Binomial Model and the Black-Scholes Model, we are able to develop an effective option rating system. The prototype system is developed using Java Web Services Pack and it can be accessed via personal computers or Personal Digital Assistants (PDAs). © 2007 IEEE.
KW - Financial investment
KW - Option trading
KW - Pervasive computing
KW - Web services
UR - http://www.scopus.com/inward/record.url?scp=38049049246&partnerID=8YFLogxK
UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-38049049246&origin=recordpage
U2 - 10.1109/ICMLC.2007.4370807
DO - 10.1109/ICMLC.2007.4370807
M3 - RGC 32 - Refereed conference paper (with host publication)
SN - 142440973
SN - 9781424409730
VL - 7
SP - 3794
EP - 3799
BT - Proceedings of the Sixth International Conference on Machine Learning and Cybernetics, ICMLC 2007
T2 - 6th International Conference on Machine Learning and Cybernetics, ICMLC 2007
Y2 - 19 August 2007 through 22 August 2007
ER -