KR20080008270A - Elw information providing system and method thereof - Google Patents

Abstract

A system and a method for providing ELW(Equity Linked Warrant) information are provided to offer investment convenience to a user by comparing, estimating, and selecting ELW items making a big profit among the listed ELW items in agreement with a selected index and providing a list of the selected ELW items. A member database(121) stores member information and an ELW database(122) stores information for the ELWs. An index information database(123) stores index information scoring the index of each ELW. A weight database(124) stores weight of each index selected by the user. A web server(110) authenticates a member by referring to the member database when a terminal(300) is connected. An application server(130) receives each index weight of the ELW from the terminal and provides the list of the ELWs of which a value multiplying each index score by each index weight is within a predetermined range. The application server includes an information receiver(131) receiving each index weight of the ELW from the terminal, a calculator(132) calculating the score of the ELW according to each received index weight, and a controller(133) providing the list of the ELWs of which the score is with predetermined ranking.

Description

Equity Warrant Securities Information Providing System and Method

The present invention relates to Equity Linked Warrent (Equity Linked Warrent), in particular, to provide information of the most suitable Equity Warrant Securities corresponding to a number of stocks and indicators among the stock warrant securities provided by a number of securities companies It relates to a system and a method.

In general, many securities firms deal with Equity Linked Warrents, and many users trade them.

As the number of stock warrant securities increases, the number of stock warrant securities is exploding. It is difficult for an individual to compare and evaluate which stocks can benefit the most. In particular, since there are a number of stock warrants and a number of stock warrants indicators, this is a very difficult task. In addition, since the indicators used for making investments are different according to individual tastes, there is a need to provide information reflecting such personal tastes.

The technical problem to be achieved by the present invention is to solve the conventional problems, to provide a stock warrant securities information providing system and method for providing information of the best stock warrant securities to the user among a number of listed stock warrant securities will be.

Stock warrant information providing system according to one feature of the present invention for solving this problem,

A stock-warranty securities information providing system connected to a user's terminal through a network and providing information according to a request of the user terminal.

A member database for storing member information;

A Stock Warrant Securities database that stores information about Stock Warrant Securities;

An index information database for storing index information that scores an index for each stock warrant stock;

An importance database for storing the importance of each indicator selected by the user;

A web server for performing member authentication by referring to the member database when the terminal is connected;

An application server for receiving a stock list of stock warrant securities whose input value is received from the terminal by receiving the importance of each indicator for the corresponding stock warrant securities, multiplying the scores corresponding to the respective indicator scores, and corresponding sums within a predetermined range; Include.

The application server,

An information receiving unit for receiving the importance of each indicator that the user considers important from the terminal;

A calculator configured to calculate a score of a corresponding stock warrant stock item for a plurality of stock warrant items according to the importance of each indicator received by the information receiving unit;

A controller for providing a list of stock warrant securities with scores calculated by the calculator in a predetermined rank;

It includes an order processing unit for processing the order for the item selected by the terminal among the stock warrant securities provided by the control unit.

Equity Warrant Securities information providing method according to one feature of the present invention for solving this problem,

A method of providing stock warrant securities information connected to a user terminal through a network and providing information according to a request of the user terminal.

When the terminal accesses, verifying membership by referring to a database by a web server;

When the member authentication is completed, the application server receives the importance of each indicator for the stock warranty securities from the terminal;

And the application server multiplying the score of each indicator by the importance corresponding to each indicator and providing a list of items of stock warrant securities whose sum is within a predetermined range.

The application server multiplied by the score of each indicator and the importance corresponding to each indicator to provide a list of items of stock warrant securities whose sum is within a predetermined range,

Calculating scores of corresponding stock-warranty securities for a plurality of stock-warranty stocks according to the importance of each indicator received by the application server;

And providing, by the application server, a list of stock warrant stock items whose score calculated in the step is within a predetermined rank.

The method further includes the step of the application server processing the order for the stock selected in the list of stock warrant securities of the list by the terminal.

In the embodiment of the present invention, the number of listed stock warrant securities is exploding, and the corresponding stock list information is evaluated after comparing and evaluating which stocks can greatly increase the profits corresponding to the most selected indicators in response to the indicators of importance to the user. It provides the convenience of investment to the user.

DETAILED DESCRIPTION Hereinafter, exemplary embodiments of the present invention will be described in detail with reference to the accompanying drawings so that those skilled in the art may easily implement the present invention. As those skilled in the art would realize, the described embodiments may be modified in various different ways, all without departing from the spirit or scope of the present invention. In the drawings, parts irrelevant to the description are omitted in order to clearly describe the present invention, and like reference numerals designate like parts throughout the specification.

Throughout the specification, when a part is said to "include" a certain component, it means that it can further include other components, except to exclude other components unless otherwise stated. In addition, the terms “… unit”, “… unit”, “module”, etc. described in the specification mean a unit that processes at least one function or operation, which may be implemented by hardware or software or a combination of hardware and software. have.

1 is a block diagram of a system for providing stock warrant information according to an embodiment of the present invention.

Referring to FIG. 1, a system for providing stock warrant information according to an embodiment of the present invention is a system for providing stock warrant information, which is connected to a user's terminal through a network and provides information according to a request of the user terminal. The member database 121, the stock warrant stock database 122, the indicator information database 123, the importance database 124, the web server 110, and the application server 130 are included.

The member database 121 stores various information such as personal information, ID, password, and order information of a member. Stock warrant securities database 122 stores information about stock warrant securities listed on a number of securities companies. The indicator information database 123 stores indicator information that scores an indicator for each item of stock warrant securities, and the indicator information is stored in advance. The importance database 124 stores the importance of each indicator selected by the user, selects importance for each indicator, and any indicator may have zero importance as needed. When the terminal 300 is connected, the web server 110 refers to the member database 121 and authenticates a member, and controls access. The application server 130 receives the importance of each indicator for the stock warrant securities from the terminal 300, multiplies each of the index scores by the importance corresponding to the indicators, and adds the sums of the stock warrant securities within a predetermined range. Provide a list of stocks.

The application server 130 includes an information receiver 131, a calculator 132, a controller 133, and an order processor 134.

The information receiving unit 131 receives the importance of each indicator that the user considers important from the terminal. The calculation unit 132 calculates a score of a corresponding stock warrant stock for a plurality of stock warrant stocks according to the importance of each indicator received by the information receiver 131. The controller 133 provides a list of stock warrant stock items whose scores calculated by the calculator 132 are within a predetermined rank. The order processor 134 processes an order for a stock selected by the terminal 300 among stock warrant stocks provided by the controller 133.

First, the indicators are explained as follows.

There are about 30 investment indexes of Stock Warranted Securities, which serve as important indicators at the discretion of the employer. In other words, there may be investors who value trading volume and investors who think of leverage as an important measure. These indicators can be added, deleted or modified as needed and are well known in the art. The types of these indicators are as follows.

1) Remaining days: remaining period of time during which stock warrants can be traded

2) Transaction Volume: Transaction Volume on the day (Unit: week)

3) Volatility gap rate: (implicit volatility / past volatility * 100)

4) Capital Fulclum Point: Whether you invest in stocks or warrants, it means the annual rate of increase in the share price that is equal, that is, at the maturity date, the return will be the same no matter what you hold.

CFP = {[Executive Price / (Base Stock Price-(ELW Price / Conversion Ratio))] ^{1 / y} -1} * 100

If the results of the CFP are lower than the expected return on investors, investing in a warrant can be interpreted as an advantage.

5) Gearing Ratio

The price elasticity of Warrant Securities due to the price fluctuations of the underlying asset stocks.The ratio of the basic asset price divided by the warrant price as follows:

Gearing Ratio = Basic Asset Price / (ELW Price / Conversion Ratio))

The gearing ratio tends to overstate the facts, so it is used with the leverage ratio.

6) Leverage:

It shows the theoretical price change rate of stock warrants based on the price change rate of the underlying asset.

Leverage = Rate of ELW Change / Price of Base Asset = Gearing Ratio * Delta

7) Theorized Deviation Rate: (The current price of Stock Warranted Securities-Theorist) / Theorist * 100

8) Premium

It represents the ratio of how much the underlying asset stock must rise or fall before it reaches its breakeven point, i.e., the ratio of the time value of the warrant to the underlying asset.

Premium (%) = (ELW price-intrinsic value) / Basic stock price * 100

Call premium (%) = (ELW price-Max (basic asset price-exercise price, 0)) / underlying stock price * 100

Foot premium (%) = (ELW price-Max (Executive price-Basic stock price, 0)) / Basic stock price * 100

9) Parity

It is an investment indicator that shows the intrinsic value of a warrant, which means the gain or loss that an investor can obtain if the right is exercised at the present time instead of the expiration date. has exist. In other words, if the parity value is greater than 100, the intrinsic value exists as an intrinsic price. If the parity value is less than 100, the intrinsic value does not exist.

Call Warrant Parity (%) = Basic Stock Price / Strike Price * 100

Foot Warrant Parity (%) = Strike Price / Basic Stock Price * 100

10) Break-Even Rate: The percentage of basic stocks to be raised or lowered annually during the remaining period in order to recover the principal invested in the warrant. It is an annual increase or decrease.

Call ELW BEP = Strike Price + (ELW Price / Conversion Ratio)

Put ELW BEP = Strike Price-(ELW Price / Conversion Ratio)

Call Warrant breakeven rate = [(Call ELW BEP / underlying stock price) ^{1 / y} -1] * 100

Footwarrant break-even rate = [(put ELW BEP / underlying stock price) ^{1 / y} -1] * 100

11) LP Company Participation: Whether the company that provides liquidity is involved or not, this is not a point granting point, but if this value is True, the relevant Stock Warrant Securities is included in the search target, and False ) Can be set by the user to exclude from the search. Currently, the Securities and Exchange Act restricts LP companies from participating when stock warrant securities expire within one month, and if LP does not participate, the price of stock warrant securities in the market may be unreasonable. It may be better not to trade in stocks with limited LP participation.

12. Past Volatility (H.V): The past volatility value of the underlying asset to which Stock Warranted Securities belongs (90 days volatility, 200 days volatility, etc.).

13) Implied Volatility (I.V): An implied volatility value that is included in the current price of stock warrant securities, which is useful for evaluating the price of a stock warrant compared to past volatility. For example, if the past volatility is 30% and the implied volatility of a particular Stock Warrant Securities is 35%, the stock Warrant Securities is undervalued.

14) Day-to-day fluctuation rate: The rate of change of stock warrant security price against today's price.

15) Issuance of the issuer and LP company: Evaluate whether the issuer of the shares warrant securities and the LP (liquidity provider) company are the same. Like the LP company participation mentioned above, this is not an aspect of granting a point, but if this value is True, the user can set the stock warrant securities item to be searched and False to exclude it from the search.

16) Equity Warrant Securities Current Price: Price of Equity Warrant Securities formed in the market.

17) Delta: The change in the price of an equity warrant against the change in the price of an underlying asset.

In the case of Kohl Equity Warrant Securities, it moves in the same direction (+), Put Equity Warrant Securities moves in the opposite direction, and in the case of In-the-money Equity Warrant Securities, the price is the same as the underlying asset movement. Will move. Delta is displayed in 1.00 or 100% format.

Gamma: An indicator of how the delta of stock warrants changes as the price of the underlying asset changes. Gamma is an indicator that stock prices are at-the-money. Appears highest when

It has a positive value, whether it is a collateral or footwarranty.

19 Theta: The extent of the price change of stock warrants as the remaining period of time until the expiration of stock warrants. Equity Warrant Securities decrease in time value as their maturity approaches. Negative value, whether it is a collateral or footwarranty.

20) Vegga: A measure of how sensitive the price of equity warrants is to the volatility of underlying assets.

It refers to a change in the price of equity warranted securities with a 1% change in equity volatility of underlying assets.

21) Rho: This refers to a change in the price of equity-warranty securities due to a change in the interest rate, and because the volatility of the interest rate is very small, the importance of the furnace is less than that of other indicators. When interest rates rise, the price of Cole Warrant Securities rises and the price of Foot Warrant Securities falls, but the impact is minimal.

22) LP holding ratio: It is used to select the current stock ratio as the selection criteria.

23) Issuance: The amount of issuance of Stock Warrant Securities varies from 100,000 to 10 million shares. If the issue volume is too small, it may be difficult to buy and sell.

24) Conversion Ratio: This indicates how many shares of the underlying asset can be converted when one stock warrant is held. Stocks can be converted, and low-priced stocks can have a conversion ratio of 1 or 0.5. Conversion rates come in many forms.

25) Issuer: A company that issues Stock Warranted Securities and means an issuer.

LP company: An intentional buy / sell order to supply liquidity of equity warrants.

27) In-the-money rate: The ratio of the value of the underlying asset stock to the exercise price of the specific stock warrant. When the current price of Samsung Electronics is 650,000 won, the event is exceeded by 50,000 won when there is a stock-warning securities call of 600,000 won, so the positive value will come out.

28) Out-of-the-money rate: In the case of the above, there is only the in-the-money rate and no out-of-the-money rate. On the contrary, if the present price is 600,000 won and the exercise price is 650,000 won, it will have the out-of-price rate.

% Out of Price = Max [(100-Parity), 0]

29) Transaction Amount: This is an indicator that can be chosen by investors who value transaction amount rather than transaction amount.

Then, the operation of the stock warrant information providing system according to an embodiment of the present invention will be described in detail.

2 is a flowchart illustrating a method of providing stock warrant security information according to an exemplary embodiment of the present invention.

2, the user accesses the web server 110 through the network 200 through the network 200 to the terminal 300 to search or order the optimal stock warrant stocks he / she wants.

When the terminal 300 is connected, the web server 110 performs member authentication with reference to the member database 121 (S210).

When the member authentication is completed, the web server 110 receives the service, and when the service related to the stock warranty certificate is selected, the information receiving unit 131 of the application server 130 from the terminal 300 to the corresponding stock warrant The importance of each indicator for is input.

In this case, as shown in FIGS. 3 to 5, the importance input may input the importance that the user considers important in the form of points for the remaining days, the transaction volume, the in-the-money rate, the external price rate, the delta, and the gamma. These indicators are made for all indicators and do not need to be entered as needed. In addition, the user imposes these points from 1 to 100 points, and may be variously modified as necessary.

Then, the calculation unit 132 calculates the total value by multiplying the score of each index of the stock warrant securities by the point of importance corresponding to each indicator selected by the user.

Then, the controller 133 provides the terminal 300 with a list of items of stock warrant securities whose total value for each securities calculated by the calculator 132 is within a predetermined range. Here, the list of stock warrant securities with a high total value is displayed on the stock list, and can be adjusted as necessary.

Then, a user selects a desired item from the list of items displayed on the terminal 300 to place an order, and the order processing unit 134 applies an order to the stock exchange system 400 for the item selected by the terminal 300. , Take the result and process it.

By this process, the user can search for a desired item and place an order based on the importance that he considers important.

The above indicators can be modified in various ways, and various ways of applying importance can be applied, and if necessary, an upper and lower limit of importance can be set to actually apply an important index so that a certain degree of distribution can be applied.

The embodiments of the present invention described above are not implemented only through the apparatus and the method, but may be implemented through a program for realizing a function corresponding to the configuration of the embodiment of the present invention or a recording medium on which the program is recorded. Implementation may be easily implemented by those skilled in the art from the description of the above-described embodiments.

Although the embodiments of the present invention have been described in detail above, the scope of the present invention is not limited thereto, and various modifications and improvements of those skilled in the art using the basic concepts of the present invention defined in the following claims are also provided. It belongs to the scope of rights.

1 is a block diagram of a system for providing stock warrant information according to an embodiment of the present invention.

2 is a flowchart illustrating a method of providing stock warrant information according to an embodiment of the present invention.

3 to 5 are diagrams showing an example of a screen for selecting the importance of the indicator applied to the stock warrant information providing system according to an embodiment of the present invention.

Claims (7)

A stock-warranty securities information providing system connected to a user's terminal through a network and providing information according to a request of the user terminal. A member database for storing member information; A Stock Warrant Securities database that stores information about Stock Warrant Securities; An index information database for storing index information that scores an index for each stock warrant stock; An importance database for storing the importance of each indicator selected by the user; A web server for performing member authentication by referring to the member database when the terminal is connected; An application server for receiving a stock list of stock warrant securities whose input value is received from the terminal by receiving the importance of each indicator for the corresponding stock warrant securities, and multiplying the scores corresponding to the respective index scores and the corresponding indicators; Stock Warrant Securities information providing system. The method of claim 1, The application server, An information receiving unit for receiving the importance of each indicator that the user considers important from the terminal; A calculator configured to calculate a score of a corresponding stock warrant stock item for a plurality of stock warrant items according to the importance of each indicator received by the information receiving unit; Stock warrant stock information providing system comprising a control unit for providing a list of stock warrant securities, the score calculated by the calculation unit within a predetermined ranking. The method of claim 2, Stock warrant stock information providing system further comprising an order processing unit for processing an order for the item selected by the terminal among the stock warrant securities provided by the control unit. The method of claim 3, The indicator information includes remaining days, trading volume, volatility gap, capital support, leverage, theoretical gap, gearing ratio, premium, parity, breakeven rate, past volatility, daily fluctuation rate, present price, delta, gamma, theta, vega, low, LP Stock warrant stock information providing system comprising at least one of holding ratio, issuance quantity, conversion ratio, issuer. A method of providing stock warrant securities information connected to a user terminal through a network and providing information according to a request of the user terminal. When the terminal is connected, the web server performs a member authentication by referring to the database; When the member authentication is completed, the application server receives the importance of each indicator for the stock warranty securities from the terminal; The application server comprising the step of multiplying the score of each indicator by the importance corresponding to each indicator and providing a list of items of stock warrant securities whose sum is within a predetermined range. The method of claim 5, The application server multiplied by the score of each indicator and the importance corresponding to each indicator to provide a list of items of stock warrant securities whose sum is within a predetermined range, Calculating scores of corresponding stock-warranty securities for a plurality of stock-warranty stocks according to the importance of each indicator received by the application server; And providing, by the application server, a list of stock warrant securities items whose score calculated in the step is within a predetermined rank. The method of claim 6, The method of claim 1, further comprising the step of the application server processing the order for the item selected by the terminal among the stock warrant securities of the list.

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