id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_kuqj5kgfqzfkfoou7u523f5j2q	K.C. Chen	PROTRADER: An Expert System for Program Trading	1989	6	.pdf	application/pdf	4296	331	61	allows arbitrageurs to take advantage of the disparities between the futures and stock markets and provides opportunities to make risk-free profits. an increasing number of program traders have substantially changed the face of the stock market. amount of stocks in both markets and converts the premium into profits when the futures contract expires. value, then program traders sell stocks in the stock market and at the same time buy an equivalent amount of futures contracts. futures market are appropriate for program trading. the deductive reasoning mechanism works with the knowledge base to find opportunities for program trading. In order to determine the appropriate probabilities, the system maintains three standard patterns: bull market, neutral Each pattern represents a probability distribution of premium in the corresponding market situation. system creates the market model by computing the probability that the premium will be higher than a certain value.	./cache/work_kuqj5kgfqzfkfoou7u523f5j2q.pdf	./txt/work_kuqj5kgfqzfkfoou7u523f5j2q.txt