JP2020187553A - Trading device, trading method, and trading program - Google Patents

Abstract

To provide a trading device, a trading method, and a trading program, that can make a profit by a relative difference between two types of brands even when a market becomes a risk-on environment or a risk-off environment.SOLUTION: A device comprises: a trading start step for, at a start of trading, purchasing a first stock certificate, while performing margin selling by borrowing and selling a second stock certificate just for the almost same market price; a trading continuing step for, at a time of continuing the trading, lending the first stock certificate, while refinancing the second stock certificate; and a trading closing step for, at a closing of the trading, selling the first stock certificate, while closing the margin selling by purchasing and repaying the second stock certificate.SELECTED DRAWING: Figure 1

Description

The present invention relates to a trading device, a trading method, and a trading program.

Conventionally, various trading methods for financial products such as margin trading and option trading have been developed.

For example, Patent Document 1 discloses a lending transaction system in which a put option is purchased in order to hedge the risk of a decline in stock prices when a collateral is borrowed by lending a stock certificate held by a customer.

Japanese Unexamined Patent Publication No. 2005-85133

However, the conventional trading system for financial products has a problem that it is difficult to make a profit regardless of whether the market environment is a down market or an up market.

The present invention has been made in view of the above problems, and it is possible to make a profit regardless of whether the market environment is a down market (risk on) or an up market (risk off). It provides equipment, trading methods, and trading programs.

In order to achieve such an object, the trading apparatus of the present invention benefits from the difference or relative difference in stock price between the first stock certificate and the second stock certificate designated by the user, which are provided with at least a control unit. The control unit is a trading device, and at the start of trading, the control unit purchases the first stock certificate and borrows and sells the second stock certificate by approximately the same market value to sell margin. At the end of the transaction, the first share certificate is sold, and the second share certificate is purchased and returned to terminate the margin trading.

Further, in the trading device of the present invention, in the above-mentioned trading device, the control unit lends the first stock certificate and the second stock certificate at the time of continuing the transaction after the start of the transaction and before the end of the transaction. It is characterized by further providing a means of continuing transactions for refinancing the stock certificates of.

Further, in the trading device of the present invention, the control unit is
[Defined profit] = [Sale price of the first stock certificate]-[Purchase price of the second stock certificate]
It is characterized by further providing a settlement means for settlement of accounts.

Further, in the trading device of the present invention, the control unit is
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate] + [Selling price of the first stock certificate]-[Purchase price of the first stock certificate]
It is characterized by further providing a settlement means for settlement of accounts.

Further, in the trading device of the present invention, the control unit is
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate]-[Borrowing rate of the second stock certificate] + [Selling price of the first stock certificate]-[First Purchase price of stock certificate] + [Lending rate of first stock certificate]
It is characterized by further providing a settlement means for settlement of accounts.

Further, the trading method of the present invention is a trading method in which a profit is obtained from a difference or a relative difference in stock prices between the first stock certificate and the second stock certificate designated by the user, and the first stock certificate is used at the start of trading. At the beginning of the transaction, which involves purchasing a stock certificate and selling by borrowing and selling a second stock certificate for approximately the same market price, and at the end of the transaction, the first stock certificate is sold and the second stock certificate is sold. It is characterized by including a transaction termination step of terminating margin trading by purchasing and returning it.

Further, in the above-mentioned transaction method, the transaction method of the present invention lends out the first share certificate and refinances the second share certificate at the time of continuing the transaction after the start of the transaction and before the end of the transaction. It is characterized by further including a transaction continuation step to be performed.

In addition, the trading method of the present invention is the above-mentioned trading method.
[Defined profit] = [Sale price of the first stock certificate]-[Purchase price of the second stock certificate]
It is characterized by further including a settlement step for settlement of accounts.

In addition, the trading method of the present invention is the above-mentioned trading method.
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate] + [Selling price of the first stock certificate]-[Purchase price of the first stock certificate]
It is characterized by further including a settlement step for settlement of accounts.

In addition, the trading method of the present invention is the above-mentioned trading method.
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate]-[Borrowing rate of the second stock certificate] + [Selling price of the first stock certificate]-[First Purchase price of stock certificate] + [Lending rate of first stock certificate]
It is characterized by further providing a settlement step for settlement of accounts.

Further, the trading program of the present invention is a trading program for causing a computer to execute a trading method in which a profit is obtained from a difference or a relative difference in stock certificates between a first stock certificate and a second stock certificate designated by a user. At the start of trading, the first stock certificate is purchased, and at the end of the transaction, the first stock certificate is sold at the start of margin selling by borrowing and selling the second stock certificate for approximately the same market value. It is characterized by having a computer execute a transaction method including a transaction termination step of terminating margin trading by purchasing and returning a second stock certificate while selling the stock certificate.

According to the present invention, it is possible to make a profit by the relative difference between the two types of stocks regardless of whether the market is in a risk-on (rising market) environment or a risk-off (falling market) environment. Play.

FIG. 1 is a diagram showing an outline of a trading method according to an embodiment of the present invention. FIG. 2 is a block diagram showing an example of a trading system including a configuration of a trading device 100 to which the present embodiment is applied. FIG. 3 is a flowchart showing an example of basic processing in the trading system of the present embodiment.

Hereinafter, embodiments of a trading device, a trading method, a trading program, and a recording medium according to the embodiment of the present invention will be described in detail with reference to the drawings. The present invention is not limited to this embodiment.

[Outline of this embodiment]
First, the outline of the embodiment of the present invention according to the present invention will be described first, and then the configuration and processing of the embodiment will be described in detail. Here, FIG. 1 is a diagram showing an outline of a trading method according to an embodiment of the present invention.

As shown in Fig. 1, if you buy A-shares, even if the performance of A-shares improves, if the market environment becomes risk-off (falling market), A-shares may fall.

In the trading method of the present embodiment, even if the market environment is risk-off (falling market) or risk-on (rising market), it is possible to make a profit by the relative difference between the two types of stocks. For example, as shown in Fig. 1, when it is predicted that the performance of company A will be relatively better than that of company B, at the start of the transaction, the stock certificate of company A will be purchased and at the same time, the purchase amount of the purchased stock certificate will be Approximately the same amount of B company's stock certificate is sold by credit (B share is borrowed and sold).

As a result, it is possible to have a buy position of company A and a sell position of company B at the same time. This means that the difference between A-shares and B-shares can be profitable, and the risk of stock price decline due to the risk-off (falling market) of the entire market is hedged.

That is, as shown in FIG. 1, the difference obtained by subtracting the market value of the B share from the market value of the A share is the unrealized gain. In some cases, such as when the transaction continues for a medium to long term, it may be necessary to return the B shares sold by credit. However, as shown in Fig. 1, by refinancing the B shares, the B shares can be returned. You can maintain your sell position. During the period of borrowing B shares, it is necessary to pay the interest rate for borrowing B shares, but this cost can be partially or wholly offset by the interest income for lending A shares during the same period.

Then, at the end of the transaction, as shown in FIG. 1, the profit can be confirmed by ending the transaction by selling the A share, buying the B share, and returning the borrowed B share. ..

This fixed profit is obtained if the purchase amount of A shares and the credit sale amount of B shares at the start of trading are the same, and the interest rate difference and fees for lending and borrowing of A shares and B shares are ignored.
[Defined profit] = [Sale price of the first stock certificate]-[Purchase price of the second stock certificate]
Will be.

Strictly speaking, if the purchase amount of A shares at the start of trading and the credit sale amount of B shares are not the same,
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate] + [Selling price of the first stock certificate]-[Purchase price of the first stock certificate]
Will be.

Also, more strictly, if you calculate the interest rate difference between the lending and borrowing of A shares and B shares,
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate]-[Borrowing rate of the second stock certificate] + [Selling price of the first stock certificate]-[First Purchase price of stock certificate] + [Lending rate of first stock certificate]
Will be.

In Fig. 1, the explanation was given by taking the case where the market is risk-off (falling market), but even if the market is rising (risk-off), A-shares are relatively superior to B-shares. As long as it is, the difference between the A stock price and the B stock price will still be profitable.

In this way, according to this embodiment, whether the market is in a risk-on (rising market) environment or a risk-off (falling market) environment, profits are generated by the relative difference between the two types of stocks. be able to.

[Structure of the present embodiment]
Subsequently, the configuration of the trading system and the trading device of the present embodiment will be described with reference to FIG. As shown in FIG. 2, in the present embodiment, the trading system is configured by connecting the trading device 100 and the external device 200 via the network 300. Note that FIG. 1 shows an example in which one trading device 100 and one external device 200 are provided in the trading system, but the present invention is not limited to this, and the trading system may be provided with a plurality of each device. Good. Here, the trading device 100 is a personal computer, a server computer, a mobile information terminal (tablet type computer, etc.), and the like. The network 300 has a function of connecting the trading device 100 and the external device 200 to each other, and is, for example, a LAN or the Internet. Subsequently, the details of each device will be described below.

[Configuration of Trading Device 100]
The configuration of the trading device 100 and the like according to this embodiment will be described. FIG. 2 is a block diagram showing an example of a trading system including a configuration of a trading device 100 to which the present embodiment is applied, and conceptually shows only a part of the configuration related to the present embodiment. ..

In FIG. 2, the trading device 100 is roughly connected to a control unit 102 such as a CPU that comprehensively controls the entire trading device 100, and a communication device (not shown) such as a router connected to a communication line or the like. It is configured to include a communication control interface unit 104, an input / output control interface unit 108 connected to an input unit 112 such as a touch panel, an output unit 114, and a storage unit 106 for storing various databases and tables. , Each of these parts is communicably connected via an arbitrary communication path.

Various databases and tables (for example, price file 106a and actual file 106b) stored in the storage unit 106 are small-capacity high-speed memory (for example, cache memory) configured by using SRAM (Static Random Access Memory) or the like. It is a storage means for fixed disk devices such as HDDs (Hard Disk Drives) and SSDs (Solid State Drives), and stores various programs, tables, files, databases, web pages, etc. used for various processes.

Of these, the transaction history file 106a is a storage means for storing prices, interest rates, and the like related to transactions. For example, the transaction history file 106a contains the purchase price A1 of A shares at the start of trading, the selling price A2 of A shares at the end of trading, the lending interest income A3 of A shares at the end of trading, and B at the start of trading. Even if you memorize the selling price (margin selling price) B1 of the shares, the purchase price B2 of the B shares at the end of the transaction, and the borrowing interest payment amount (including the margin transaction fee) B3 of the B shares at the time of continuing the transaction. Good.

Further, in FIG. 2, the input / output control interface unit 108 controls the input unit 112 such as a keyboard and the output unit 114 such as display output and print output. As the output unit 114 as the display means, a monitor (including a home television, a touch screen monitor, etc.) or the like can be used. Further, as the input unit 112, various sensors such as a touch panel, a voice microphone, a keyboard, and a camera can be used. As an example, the input unit 112 and the output unit 114 may be input / output means such as a touch panel in which an output unit 114 such as a liquid crystal panel and an input unit 112 such as a touch position input device are combined.

Further, in FIG. 2, the control unit 102 has a control program such as an OS (Operating System), a program that defines various processing procedures, and an internal memory for storing required data. , A processor such as a CPU that performs information processing to execute various processes. The control unit 102 is functionally configured to include a transaction start unit 102a, a transaction continuation unit 102b, a transaction end unit 102c, and a settlement unit 102d.

Of these, the trading start unit 102a purchases the first share certificate (referred to as "A share") at the start of transaction and purchases the second share certificate (referred to as "B share") by the amount having substantially the same market value. It is a means of starting a transaction that sells credit by borrowing and selling. The trading start unit 102a may store the purchase price A1 of the A shares at the start of the transaction and the sale price (credit selling price) B1 of the B shares at the start of the transaction in the transaction history file 106a.

Further, the transaction continuation unit 102b is a transaction continuation means for lending the first share certificate (A shares) and refinancing the second share certificate (B shares) at the time of transaction continuation. The transaction continuation unit 102b records the interest income A3 for lending the A shares at the time of continuing the transaction and the interest payment amount (including the margin transaction fee) B3 for borrowing the B shares at the time of continuing the transaction. It may be stored in the file 106a.

In addition, at the end of the transaction, the transaction termination unit 102c sells the first share certificate (A shares) and purchases and returns the second share certificate (B shares) to terminate the margin trading. Is. The trading end unit 102c may store the selling price A2 of the A shares at the end of the transaction and the purchase price B2 of the B shares at the end of the transaction in the transaction history file 106a.

In addition, the settlement unit 102d is a settlement means for performing settlement.
For example, if the purchase amount of A shares at the start of trading and the credit sale amount of B shares are the same, the settlement unit 102d can offset the interest rate difference and fees between lending and borrowing of A shares and B shares, and the following formula You may ask for a fixed profit with.
[Defined profit] = [Sale price of A shares A2]-[Purchase price of B shares B2]

Further, when the purchase amount A1 of the A share and the credit sale amount B1 of the B share are not the same, the settlement unit 102d may obtain a fixed profit by the following formula.
[Defined profit] = [Credit selling price of B share B1]-[Purchase price of B share B2] + [Selling price of A share A2]-[Purchase price of A share A1]

Further, the settlement unit 102d may obtain a fixed profit by the following formula when the interest rate difference between the lending and borrowing of the A-share and the B-share cannot be offset.
[Defined profit] = [Credit selling price of B share B1]-[Purchase price of B share B2]-[Borrowing interest rate of B share B3] + [Selling price of A share A2]-[Purchase price of A share A1] ＋ [Lending interest rate of A shares A3]

Further, in FIG. 2, the communication control interface unit 104 is a device that controls communication between the trading device 100 and the network 300 (or a communication device such as a router). That is, the communication control interface unit 104 has a function of communicating data with another terminal or station via a communication line (whether wired or wireless). In the present embodiment, the communication control interface unit 104 controls communication with the external device 200 and the like. For example, the external device 200 is interconnected with the trading device 100 via the network 300, and has a function of transmitting and receiving orders such as a limit price and a price related to the transaction to the trading device 100.

Here, the external device 200 may be realized by hardware elements such as a personal computer and a computer for a server, and software elements such as an operating system, an application program, and other data. For example, the external device 200 may be configured as a WEB server, an ASP server, or the like, and its hardware configuration is composed of an information processing device such as a generally commercially available workstation or personal computer and its accessory devices. May be good. Further, each function of the external device 200 is realized by a processor such as a CPU, a disk device, a memory device, an input device, an output device, a communication control device, etc. in the hardware configuration of the external device 200, and a program for controlling them. To.

This concludes the description of each configuration of the trading system of the present embodiment.

[Transaction processing]
Next, an example of processing of the trading system according to the present embodiment configured as described above will be described in detail with reference to FIG. 3 below. Here, FIG. 3 is a flowchart showing an example of basic processing in the trading system of the present embodiment.

As shown in FIG. 3, first, the trading start unit 102a of the trading device 100 receives an order specified by the A-share and the B-share from the external device 200 or the input unit 112, purchases the A-share, and has a market value. A credit sale is executed in which approximately the same amount of B shares are borrowed and sold (step SB-1). The trading start unit 102a may store the purchase price A1 of the A shares at the start of the transaction and the sale price (credit selling price) B1 of the B shares at the start of the transaction in the transaction history file 106a.

Subsequently, the trading continuation unit 102b of the trading apparatus 100 lends the A shares and executes the refinancing procedure of the B shares (step SB-2). The transaction continuation unit 102b records the interest income A3 for lending the A shares at the time of continuing the transaction and the interest payment amount (including the margin transaction fee) B3 for borrowing the B shares at the time of continuing the transaction. It may be stored in the file 106a.

Then, the trading end unit 102c of the trading device 100 receives the instruction of the trading end from the external device 200 or the input unit 112, sells the A share, and purchases and returns the B share to end the margin trading. (Step SB-3). The trading end unit 102c may store the selling price A2 of the A shares at the end of the transaction and the purchase price B2 of the B shares at the end of the transaction in the transaction history file 106a.

Then, the settlement unit 102d of the trading device 100 makes a settlement for obtaining a fixed profit or the like (step SB-4).
For example, if the purchase amount of A shares at the start of trading and the credit sale amount of B shares are the same, the settlement unit 102d can offset the interest rate difference and fees between lending and borrowing of A shares and B shares, and the following formula You may ask for a fixed profit with.
[Defined profit] = [Sale price of A shares A2]-[Purchase price of B shares B2]

Further, when the purchase amount A1 of the A share and the credit sale amount B1 of the B share are not the same, the settlement unit 102d may obtain a fixed profit by the following formula.
[Defined profit] = [Credit selling price of B share B1]-[Purchase price of B share B2] + [Selling price of A share A2]-[Purchase price of A share A1]

Further, the settlement unit 102d may obtain a fixed profit by the following formula when the interest rate difference between the lending and borrowing of the A-share and the B-share cannot be offset.
[Defined profit] = [Credit selling price of B share B1]-[Purchase price of B share B2]-[Borrowing interest rate of B share B3] + [Selling price of A share A2]-[Purchase price of A share A1] ＋ [Lending interest rate of A shares A3]

The above is an example of the basic processing of the trading system. As a result, whether the market is in a risk-on (rising market) environment or a risk-off (falling market) environment, it is possible to make a profit by the relative difference between the two types of stocks.

This is the end of the description of the processing of the trading system of this embodiment.

[Other embodiments]
Although the embodiments of the present invention have been described above, the present invention has various different embodiments within the scope of the technical idea described in the claims, in addition to the above-described embodiments. It may be implemented.

For example, in the trading device 100, it has been described that it is performed in the same housing, but the present invention is not limited to this, and it may be realized in separate housings that realize these functions. That is, the functions of the transaction start unit 102a, the transaction continuation unit 102b, the transaction end unit 102c, the settlement unit 102d, and the transaction history file 106a are functionally or physically dispersed according to the functional load or in any unit. It can be integrated and configured.

Further, the case where the trading device 100 performs processing in response to a request from a client terminal such as an external device 200 and returns the processing result to the client terminal has been described as an example, but the external device 200 and the trading device 100 have been described. , It may be configured as a unit to perform processing in the form of stand-alone.

Further, among the processes described in the embodiments, all or a part of the processes described as being automatically performed can be manually performed, or the processes described as being manually performed can be performed. All or part of it can be done automatically by a known method.

In addition, the processing procedure, control procedure, specific name, information including parameters such as registration data and search conditions of each processing, screen examples, and database configuration shown in the above documents and drawings are not specified unless otherwise specified. Can be changed arbitrarily.

Further, with respect to the trading device 100 and the external device 200, each component shown in the figure is a functional concept and does not necessarily have to be physically configured as shown in the figure.

For example, with respect to the processing functions included in each device of the trading device 100, particularly each processing function performed by the control unit 102, all or any part thereof is performed by a processor such as a CPU (Central Processing Unit) and the processor. It may be realized by a program that is interpreted and executed, or it may be realized as a hardware processor by wired logic. The program is recorded on a non-temporary computer-readable recording medium containing programmed instructions for causing the computer to execute the method according to the present invention, which will be described later, and the trading device 100 may be used as necessary. And mechanically read by the external device 200. That is, in a storage unit 106 such as a ROM or an HDD (Hard Disk Drive), a computer program for giving instructions to the CPU in cooperation with the OS (Operating System) and performing various processes is recorded. This computer program is executed by being loaded into RAM, and constitutes a control unit in cooperation with a CPU.

Further, this computer program may be stored in an application program server connected to the trading device 100 or the external device 200 via an arbitrary network 300, and all or a part thereof may be downloaded as needed. It is also possible.

Further, the program according to the present invention may be stored in a computer-readable recording medium, or may be configured as a program product. Here, the "recording medium" includes a memory card, a USB memory, an SD card, a flexible disk, a magneto-optical disk, a ROM, an EPROM, an EEPROM, a CD-ROM, an MO, a DVD, and a Blu-ray (registered trademark). It shall include any "portable physical medium" such as a disk.

Further, the "program" is a data processing method described in an arbitrary language or description method, regardless of the format such as source code or binary code. The "program" is not necessarily limited to a single program, but is distributed as a plurality of modules or libraries, or cooperates with a separate program represented by an OS (Operating System). Including those that achieve the function. A well-known configuration or procedure can be used for a specific configuration, a reading procedure, an installation procedure after reading, or the like for reading the recording medium in each device shown in the embodiment. The present invention may be configured as a program product in which the program is recorded on a non-temporary computer-readable recording medium.

Various databases and the like (transaction history file 106a and the like) stored in the storage unit 106 are memory devices such as RAM and ROM, fixed disk devices such as hard disks, flexible disks, and storage means such as optical disks, and perform various processes. Stores various programs, tables, databases, and files for web pages used to provide the website.

Further, the trading device 100 and the external device 200 may be configured as an information processing device such as a known personal computer or workstation, or may be configured by connecting an arbitrary peripheral device to the information processing device. .. Further, the trading device 100 and the external device 200 may be realized by mounting software (including a program, data, etc.) that realizes the method of the present invention on the information processing device.

Further, the specific form of distribution / integration of the device is not limited to the one shown in the figure, and all or a part thereof may be functionally or physically in an arbitrary unit according to various additions or functional loads. It can be configured in a distributed and integrated manner. That is, the above-described embodiments may be arbitrarily combined and implemented, or the embodiments may be selectively implemented.

As described in detail above, according to the present invention, whether the market is in a risk-on (rising market) environment or a risk-off (falling market) environment, it depends on the relative difference between the two types of stocks. It is possible to provide a trading device, a trading system, a trading method, a trading program, and a recording medium capable of making a profit.

100 Transaction device 102 Control unit 102a Transaction start unit 102b Transaction continuation unit 102c Transaction end unit 102d Account settlement unit 104 Communication control interface unit 106 Storage unit 106a Transaction history file 108 Input / output control interface unit 112 Input unit 114 Output unit 200 External device 300 Network

Claims (7)

A trading device equipped with at least a control unit that profits from the difference or relative difference in stock prices between the first stock certificate and the second stock certificate specified by the user.
The control unit
At the start of trading, a trading starting means for purchasing the first stock certificate and selling credit by borrowing and selling the second stock certificate for approximately the same market value.
At the end of the transaction, the means of ending the margin trading by selling the first share certificate and purchasing and returning the second share certificate, and
A trading device characterized by being equipped with. In the trading apparatus according to claim 1,
The control unit
A transaction continuation means for lending the first share certificate and refinancing the second share certificate at the time of continuing the transaction after the start of the transaction and before the end of the transaction.
A trading device characterized by being further equipped with. In the trading apparatus according to claim 1,
The control unit
[Defined profit] = [Sale price of the first stock certificate]-[Purchase price of the second stock certificate]
Settlement method,
A trading device characterized by being further equipped with. In the trading apparatus according to claim 1,
The control unit
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate] + [Selling price of the first stock certificate]-[Purchase price of the first stock certificate]
Settlement method,
A trading device characterized by being further equipped with. In the trading apparatus according to claim 2,
The control unit
[Defined profit] = [Credit selling price of the second stock certificate]-[Purchase price of the second stock certificate]-[Borrowing rate of the second stock certificate] + [Selling price of the first stock certificate]-[First Purchase price of stock certificate] + [Lending rate of first stock certificate]
Settlement method,
A trading device characterized by being further equipped with. A trading method that profits from the difference or relative difference in stock prices between the first and second stock certificates specified by the user.
At the start of trading, the transaction start step of purchasing the first stock certificate and selling credit by borrowing and selling the second stock certificate by approximately the same market value,
At the end of the transaction, the transaction termination step of ending the margin trading by selling the first share certificate and purchasing and returning the second share certificate,
A trading method characterized by including. A trading program that allows a computer to execute a trading method that profits from the difference or relative difference in stock prices between the first stock certificate and the second stock certificate specified by the user.
At the start of trading, the transaction start step of purchasing the first stock certificate and selling credit by borrowing and selling the second stock certificate by approximately the same market value,
At the end of the transaction, the transaction termination step of ending the margin trading by selling the first share certificate and purchasing and returning the second share certificate,
A trading program that allows a computer to execute trading methods, including.

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