WO2008135511A1 - Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique - Google Patents

Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique Download PDF

Info

Publication number
WO2008135511A1
WO2008135511A1 PCT/EP2008/055375 EP2008055375W WO2008135511A1 WO 2008135511 A1 WO2008135511 A1 WO 2008135511A1 EP 2008055375 W EP2008055375 W EP 2008055375W WO 2008135511 A1 WO2008135511 A1 WO 2008135511A1
Authority
WO
WIPO (PCT)
Prior art keywords
server
investment
buy
strategies
providers
Prior art date
Application number
PCT/EP2008/055375
Other languages
German (de)
English (en)
Inventor
Thomas Rupprecht
Sabine Rupprecht
Christian Rupprecht
Original Assignee
Thomas Rupprecht
Sabine Rupprecht
Christian Rupprecht
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Thomas Rupprecht, Sabine Rupprecht, Christian Rupprecht filed Critical Thomas Rupprecht
Priority to EP08749953A priority Critical patent/EP2145308A1/fr
Publication of WO2008135511A1 publication Critical patent/WO2008135511A1/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04—Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Definitions

  • Information providing system information providing method, investment strategy trading method and computer program product
  • the object of the present invention to propose an information providing system and a method for providing information which enable a more reliable provision of investment strategies to customers.
  • the object remains to provide a corresponding method for trading investment strategies and a corresponding computer program product.
  • the present invention is based on the recognition that private investors and consultants often succeed, through intensive efforts, in developing promising investment strategies that would also be of interest to a broader public. By also giving potential clients access to investment strategies from other retail investors, there is a much wider range of providers than if only the strategies of professional investors were available.
  • the invention is also based on the recognition that a technical configuration underlying the information provision system must be found, which on the one hand enables access to a large number of providers of investment strategies, in particular private investors, and clients of the providers of investment strategies, and on the other hand the security of the provided security Ensures investment strategies.
  • the present invention first uses a first server that can communicate with vendors and vendors' customers.
  • a second server provided according to the invention is inaccessible to the customers and the providers of the customers. Rather, it merely communicates with the first server, whereby access to the second server by the first server is prevented.
  • the second server created now checks for plausibility the buy and sell orders of the providers received at the first server in order to verify the buy and sell orders. For verification purposes, the second server makes use of the current prices of the commodities tradable on exchanges, which are made available to it by a third server coupled to it. If the verification is positive, the second server creates an investment strategy-specific rating, ie, an assessment of the investment strategy, and transmits it to the first server.
  • This score is then provided by the first server, along with the associated investment strategy, to clients of the particular investment strategy.
  • Using a third server that communicates only with the second server does not provide providers of investment strategies with the ability to fake exchange traded commodities that the second server accesses. Furthermore, providers of investment strategies have no way to influence through the first server through the process or the preparation of the evaluation on the second server.
  • the first, the second and the third server can be combined to form a central instance.
  • the present invention opens up the possibility of good strategies, in particular of private investors, to make known to a wide circle of interests.
  • the commodities traded on exchanges primarily concern equities, commodities or currencies. Valuations include, in particular, relative percent gains, absolute profits, strategy risk estimates, future profit estimates, etc.
  • the strategy's strategy's evaluation of the strategy can be determined and provided to customers via the first server.
  • the second server is adapted to verify the investment strategy specific buy and sell orders provided by the first server, the data provided by the first server to the investment strategy specific buy and sell orders using the data provided by the third server, in particular the price of the buy - and sell orders affected tradable goods at the respective trading date. This measure prevents verification by the second server on the basis of fictitious, non-manipulation-safe or easily manipulatable data.
  • the second server is designed, in the case of an unsuccessful verification, to correspondingly correct the relevant investment strategy on the first server and / or the failure and / or a manipulation process. search for customers of the relevant investment strategy for the second interface of the first server readable mark. In the case of correction, customers only receive reliable information on the associated investment strategy. In case of failure and manipulation, customers can also quickly recognize this fact and consider it in their future investment behavior.
  • the verification takes place promptly, in particular in quasi real-time, after the entry of buy or sell orders by the provider of the respective investment strategy.
  • the corresponding information can also be passed on to the customers of the respective investment strategy in real time, as it were.
  • the first server is designed to access the buy and sell orders posted by the provider of an investment strategy only reading, but not changing. This reliably prevents the subsequent manipulation of this data, which forms the basis for the respective investment strategy.
  • the coupling of the first server with the second server is designed such that, although the second server can send data to the first server, but the first server can not independently access data on the second server.
  • the verification and assessment processes that run on the second server remain reliably unaffected by the first server that is in contact with either the investment strategy providers or vendors' vendors.
  • the first server is preferably designed to treat purchase and sell orders placed by the providers of investment strategies with appropriate labeling as virtual, that is to say that no genuine purchases and sales are initiated by the first server.
  • This alternative opens up the possibility that providers of investment strategies without having to make financial contributions, which would naturally reduce the number of investment strategies, can provide investment strategies according to a wide range of criteria, in particular in terms of region, tradable goods, risk-taking and so on, also preferred combinations thereof.
  • the first server has a further interface via which it can be coupled to a bank computer, wherein the first server is designed to place buy and sell orders issued by the providers of investment strategies with appropriate identification for actual execution via the transfer further interface to the bank computer.
  • this possibility is also opened up to the customers of the respective investment strategy.
  • an automation is provided, that is, when a provider of an investment strategy gives up a buy and sell order, a corresponding buy and sell order after appropriate verification by the second server for the customer of the respective investment strategy is transmitted to the or a bank computer. This allows a client to "attach" to an investment strategy directly to the strategy, without even this strategy time-consuming monitoring or to be the initiation of buy and sell orders to be active.
  • the second server is designed to assemble the investment strategy-specific valuations together with the respective investment strategy provider-specific and to transmit to the first server, wherein the first server is designed to provide these compilations via the second interface of the first server to at least one customer ,
  • This measure of vendor-specific compilation of assessments can prevent a vendor from spreading risky strategies, and customers may only be aware of the success of those strategies.
  • Another manipulation trick in stock market games and share clubs is the creation of multiple pattern deposits with random, especially opposing, strategies under one or several pseudonyms.
  • a high profit can occur at random in some depots at short intervals, for example, when trading with opposing high-risk leverage products or simply expressed opposing bets on rising or falling prices / commodity prices, thus a profit in any case power.
  • the lossy deposits / strategies are deleted.
  • a secure, so to say, eternal identification of the strategy provider takes place on the basis of account information (eg Paypal), combined with geo-tracking (geographical assignment).
  • account information eg Paypal
  • geo-tracking geo-tracking
  • each user can only be allowed a maximum number of strategies, for example five, whereby lossy strategies are assigned to him and always remain visibly stored for the customers.
  • the present measure makes it easy to understand whether a provider was lucky, that is, good and bad strategies balance each other, or whether he actually has a high level of competence, that is, the strategies he offers are almost complete all successful.
  • the second server is preferably designed to make a summary evaluation of all strategies of a provider and to transmit them to the first server, wherein the first server is further configured to provide such summary evaluations of all strategies of one provider to at least one customer via the second interface ,
  • measures are taken that the prices to become a customer of an investment strategy of a provider can be determined by the provider of the respective strategy. This can be done through subscriptions and is preferably done from the first server.
  • the central entity preferably includes the first, second, and third servers.
  • the central authority is under the control of an independent notary.
  • FIG. 2 shows a signal flow diagram relating to an embodiment of a method according to the invention for providing information
  • FIG. 3 shows a signal flow diagram relating to an embodiment of a method according to the invention for trading investment strategies.
  • FIG. 1 shows a schematic representation of an embodiment of an information providing system 10 according to the invention.
  • This comprises a first server 12 on which at least a first 14 and a second database 16 are provided.
  • first database 14 identification data of providers of investment strategies relating to exchanges of tradable goods are stored.
  • second database 16 identification data of customers of the investment strategy providers are stored.
  • the first server 12 includes a first interface 18 through which providers 20a-20c of investment strategies may place buy and sell orders through their computers.
  • the first server 12 further comprises a second interface 22, via which it can be coupled to computers 24a to 24c of the providers 20a to 20c of investment strategies.
  • the information providing system 10 further comprises a second server 26, which is coupled to the first server 12 for the transmission of data, for example by a VPN (Virtual Private Network) tunnel.
  • the first server 12 is designed to transmit the buy and sell orders received from the providers 20 a to 20 c to the second server 26.
  • a third server 28 is provided which is coupled to the second server 26 for the transmission of data, wherein the third server 28 is designed, at predeterminable intervals, for example every 5 to 10 minutes, current prices of commodities traded on exchanges to the second Server 26 to provide.
  • the second server 26 is in particular designed to verify the purchase and sell orders provided by the first server 12 in an investment strategy-specific manner based on the courses provided by the third server 28.
  • the second server 26 checks the data provided by the first server 12 for the investment strategy-specific buy and sell orders by means of the data provided by the third server 28. These are in particular the prices of the tradable goods affected by the buy and sell orders at the respective trading date.
  • the second server 26 is further adapted, upon successful verification, to create at least one investment strategy specific rating based on the buy and sell orders received from the first server 12 and to transmit to the first server 12.
  • the first server 12 is designed to provide the at least one investment strategy-specific valuation together with the respective investment strategy via the second interface 22 to the customers 24a to 24c of the providers 20a to 20c of the respective investment strategy.
  • the servers 12, 26 and 28 may be combined in a central entity 30, which then has the corresponding interfaces of the servers to the providers, customers, etc., in which the corresponding devices are present and the appropriate measures have been taken.
  • the first server 12 is arranged to access the buy and sell orders posted by the providers 20a to 20c of an investment strategy only readably, but not modifyingly.
  • the coupling between the first 12 and second server 26 is configured such that although the second server 26 can send data to the first server 12, the first server 12 can not independently access data on the second server 26.
  • the first server 12 may treat as virtual the buy and sell orders posted by the providers 20a to 20c of investment strategies when appropriately flagged, that is, the first server 12 will not initiate any real purchases and sales. However, it can also be provided that the first server 12 has a further interface 32, via which it can be coupled to a bank computer 34. If the first server 12 receives purchase and sell orders from the providers 20a to 20c of investment strategies, it transmits them to the bank computer 34 via the interface 32, provided they are appropriately identified.
  • the second server 26 assembles the investment strategy-specific valuations together with the respective investment strategy in a vendor-specific manner and transmits them to the first server 12. From there, these compilations can be transferred via the second Interface 22 are provided to at least one customer 24a to 24c.
  • the second server 26 further makes a summary evaluation of all the policies of a provider 20a-20c and transmits them to the first server 12. These summary evaluations of all provider 20a-20c strategies are in turn sent to the customers via the second interface 22 by the first server 12 24a to 24c provided.
  • step 100 providers 20a to 20c of investment strategies issue buy and sell orders via the first interface 18 of FIG first server 12.
  • the first server 12 transmits the buy and sell orders received from the providers 20a to 20c to the second server 26.
  • the second server 26 attempts in step 130 on the basis of the current prices of the exchangeable commodities received by the third server 28 to verify the buy and sell orders received from the first server 12.
  • the second server 26, in step 140 generates at least one asset strategy-specific rating based on the buy and sell orders received from the first server 12 and transmits them to the first server 12.
  • the first server 12 sets in step 150 the at least one investment strategy-specific assessment together with the respective investment strategy via the second interface 22 to customers 24a to 24c of the providers 20a to 20c of the respective investment strategy.
  • the method ends in this case in step 160.
  • the second server 26 corrects the relevant investment strategy on the first server 12 accordingly or, in step 170, identifies the relevant investment strategy such that the customers 24a to 24c This investment strategy can read this failure or a failed manipulation attempt via the second interface 22.
  • the correspondingly corrected or marked investment strategies are provided by the first server 12 via the second interface 22 to the customers 24a to 24c.
  • the method according to the invention ends in step 190.
  • step 200 providers 20a to 20c of investment strategies can place buy and sell orders with a central entity 30.
  • step 220 the central entity 30 carries out an investment strategy-specific verification of the buy and sell orders. In the case of a successful verification, at least one asset strategy-specific valuation is created by the central entity 30 in step 230.
  • step 240 the investment strategy is provided by the central entity 30 together with the investment strategy specific valuation to clients 24a to 24c of the providers 20a to 20c of the respective investment strategy.
  • the method according to the invention ends in step 250.
  • step 220 If the verification in step 220 is negative, the central entity 30 corrects or characterizes the corresponding investment strategy in step 260.
  • the correspondingly corrected or marked strategy is provided in step 270 to the customers 24a to 24c of the providers 20a to 20c of the corresponding investment strategy. In this case, the method ends in step 280.
  • the customers 24a to 24c of providers 20a to 20c are preferably informed by the first server 12 via e-mail.
  • the buy and sell orders, which the provider 20a to 20c of an investment strategy gives up, are stored with a tamper-proof timestamp in a database on the first server 12.
  • the second server 26 can resort to one or more of the following criteria: a trade took place in the specified volume; the stock exchange price allows the execution; the provider 20a to 20c of the investment strategy is identified and has sufficient virtual or real funds.
  • risk estimate parameters such as fluctuation range of the value, confidence level, etc., are continuously calculated for the respective investment strategy.
  • a continuous assessment by clients 24a to 24c of the respective investment strategy is carried out to understand this investment strategy.
  • the individual evaluation criteria as well as an overall assessment derived therefrom are in the form of a continuous ranking, for example after a scoring System, calculated by the second server 26 and transmitted to the first server 12 for provision to the customers 24a to 24c.
  • the present invention excludes in particular conventional tactics in the manipulation of stock market games, model depots, etc., in which, inter alia, the price data, for example the purchase price, are manipulated by intrusion into the first server 12.
  • the second server 26, which is not manipulated by the first server 12 all logical decisions in time, for example, every five minutes, based on the price received from the third server 28 price data. Even if the data of the first server 12 has been manipulated, this does not lead to success, because after this interval at the latest an automated correction of the corresponding data on the first server 12 by the second server 26 takes place.
  • the first and the second server are connected via a so-called VPN tunnel, which allows only two users. All commands to a database stored on the first server 12, in which the investment strategies are stored together with the associated ratings, can only be executed by the second server 26 through the VPN tunnel. This prevents manipulation even if hackers enter the first server 12.
  • the commands are triggered in comparable situations via regularly executed batch files on the first server 12, for example as a so-called CRON job. These command lists may be manipulated in case of unauthorized intrusion into the first server 12. Therefore, according to the invention, the communication of the first server 12 and the second server 26 takes place regularly, for example every five minutes, whereby first a security certificate is exchanged for identification, then the second server 26 checks or corrects the integrity of the data from the first server 12 according to rules, then the database commands evaluated as pending and valid are executed on the basis of the respective investment strategy and the result is evaluated.
  • the third server 28 preferably operates under Windows XP with Delphi 7 program and Btheve database system. This third server 28 further controls logical functions of the MySql database on the second server 26 via a second VPN tunnel.
  • the servers 12, 26, 28 are interconnected with high-speed DSL connections.
  • a duplicate second server 26 is provided to accommodate unforeseen outages.
  • a scalable upgrade of the first server 12 may be made, interconnecting a plurality of processors for load balancing purposes. The current configuration is powerful enough to manage approximately 10,000 depots.
  • the system 10 provides a clear interaction interface in which providers 20 a to 20 c of investment strategies can create and manage model depots.
  • a customer 24a to 24c is convinced of the presented strategy on the basis of the account overview, the description of the respective provider 20a to 20c and the positive ratings, he can subscribe to the details of the strategy by means of PayPal transfer. He then automatically receives an e-mail notification about buy and sell decisions of his subscribed investment strategy. As already mentioned, it can be provided that these purchase and sale decisions are automatically implemented, in particular when a designated account is covered.

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Accounting & Taxation (AREA)
  • Finance (AREA)
  • Development Economics (AREA)
  • Technology Law (AREA)
  • Marketing (AREA)
  • Strategic Management (AREA)
  • Economics (AREA)
  • Physics & Mathematics (AREA)
  • General Business, Economics & Management (AREA)
  • General Physics & Mathematics (AREA)
  • Theoretical Computer Science (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Human Resources & Organizations (AREA)
  • Operations Research (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

La présente invention concerne un système de mise à disposition d'informations comprenant : un premier serveur (12) sur lequel se trouve au moins une première banque de données, la première banque de données contenant des données d'identification de soumissionnaires (20a à 20c) de stratégies inhérentes aux actifs, relatives à des biens cotés en bourse, et une deuxième banque de données comprenant des données d'identification de clients (24a à 24c) des soumissionnaires (20a à 20c) de stratégies inhérentes aux actifs, le premier serveur (12) présentant une première interface (18) par laquelle les soumissionnaires (20a à 20c) de stratégies inhérentes aux actifs peuvent passer des ordres d'achat et de vente, le premier serveur (12) comprenant également une deuxième interface (22) par laquelle il peut être couplé aux ordinateurs des clients (24a à 24c) des soumissionnaires (20a à 20c) de stratégies inhérentes aux actifs; un deuxième serveur (26) qui est couplé au premier serveur (12) pour transmettre des données, le deuxième serveur (26) étant conçu pour établir au moins une évaluation spécifique aux stratégies inhérentes aux actifs sur la base d'ordres d'achat et de vente reçues du premier serveur (12), le premier serveur (12) étant conçu pour transmettre les ordres d'achat et de vente reçus des soumissionnaires (20a à 20c) au deuxième serveur (26); et un troisième serveur (28) qui est couplé au deuxième serveur (26) pour transmettre des données, le troisième serveur (28) étant conçu pour fournir au deuxième serveur (26) à intervalles de temps pouvant être prédéfinis, le cours actuel des biens cotés en bourses, le deuxième serveur (26) étant conçu pour vérifier les ordres d'achat et de vente fournis par le premier serveur (12) spécifiquement aux stratégies inhérentes aux actifs, au moyen du cours fourni par le troisième serveur (28), le deuxième serveur (26) étant également conçu pour transmettre la ou les évaluations spécifiques aux stratégies inhérentes aux actifs au premier serveur (12) lorsque la vérification a été réalisée avec succès, le premier serveur (12) étant conçu pour fournir aux clients (24a à 24c) des soumissionnaires (20a à 20c) des stratégies respectives inhérentes aux actifs, par l'intermédiaire de la deuxième interface (22), la ou les évaluations spécifiques aux stratégies inhérentes aux actifs avec la stratégie correspondante. L'invention concerne également un procédé correspondant pour fournir des informations dans un système de mise à disposition d'informations, un procédé correspondant pour gérer des stratégies inhérentes aux actifs, relatives à des biens cotés en bourse, et un produit de programme informatique correspondant.
PCT/EP2008/055375 2007-05-07 2008-04-30 Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique WO2008135511A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
EP08749953A EP2145308A1 (fr) 2007-05-07 2008-04-30 Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
DE200710021273 DE102007021273A1 (de) 2007-05-07 2007-05-07 Handelssystem zum Handeln mit Handelsvorgängen
DE102007021273.0 2007-05-07

Publications (1)

Publication Number Publication Date
WO2008135511A1 true WO2008135511A1 (fr) 2008-11-13

Family

ID=39672078

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/EP2008/055375 WO2008135511A1 (fr) 2007-05-07 2008-04-30 Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique

Country Status (3)

Country Link
EP (1) EP2145308A1 (fr)
DE (1) DE102007021273A1 (fr)
WO (1) WO2008135511A1 (fr)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8732059B2 (en) 2010-08-26 2014-05-20 Edward D. Jones & Co., L.P. Method and system for building an investment portfolio
US8930250B1 (en) 2010-08-26 2015-01-06 Edward Jones & Co. System and method of evaluating an investment portfolio

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
"STATEMENT IN ACCORDANCE WITH THE NOTICE FROM THE EUROPEAN PATENT OFFICE DATED 1 OCTOBER 2007 CONCERNING BUSINESS METHODS - PCT / ERKLAERUNG GEMAESS DER MITTEILUNG DES EUROPAEISCHEN PATENTAMTS VOM 1.OKTOBER 2007 UEBER GESCHAEFTSMETHODEN - PCT / DECLARATION CONFORMEMENT AU COMMUNIQUE DE L'OFFICE EUROP", JOURNAL OFFICIEL DE L'OFFICE EUROPEEN DES BREVETS.OFFICIAL JOURNAL OF THE EUROPEAN PATENT OFFICE.AMTSBLATTT DES EUROPAEISCHEN PATENTAMTS, OEB, MUNCHEN, DE, 1 November 2007 (2007-11-01), pages 592 - 593, XP002456414, ISSN: 0170-9291 *

Cited By (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8732059B2 (en) 2010-08-26 2014-05-20 Edward D. Jones & Co., L.P. Method and system for building an investment portfolio
US8930250B1 (en) 2010-08-26 2015-01-06 Edward Jones & Co. System and method of evaluating an investment portfolio
US11803914B2 (en) 2010-08-26 2023-10-31 Edward D. Jones & Co., L.P. Method and system for building an investment portfolio

Also Published As

Publication number Publication date
DE102007021273A1 (de) 2008-11-20
EP2145308A1 (fr) 2010-01-20

Similar Documents

Publication Publication Date Title
Ang et al. Estimating private equity returns from limited partner cash flows
US7292994B2 (en) System and method for establishing value and financing of intellectual property
US20150032663A1 (en) Integrated trading information processing and transmission system for exempt securities
Böhme et al. Economic security metrics
US20080288419A1 (en) Integrated trading and information system for collection and dissemination of valuation data
Lamba et al. Exchange listings and delistings: The role of insider information and insider trading
CN112632186A (zh) 区块链共识方法、计算机设备及区块链系统
US20090112773A1 (en) Automated Private Financing Network
US20150112848A1 (en) Disseminating floor quotes from open outcry markets
US20100076886A1 (en) Trading Platform
Mo et al. A study of dark pool trading using an agent-based model
KR20210058178A (ko) 주식투자 자문을 영위하는 투자자의 수익률 평가 및 전문성의 등급 공시 서비스 플랫폼 및 서비스 애플리케이션
Knežević et al. Management as cause and instrument of creative accounting suppression
Fiet et al. Evaluating the wealth-creating potential of business plans
US20140317018A1 (en) System and Method for Managing Investments with an Investment Model
WO2008135511A1 (fr) Système et procédé de mise à disposition d'informations, procédé de gestion avec des stratégies inhérentes aux actifs et produit de programme informatique
Jog et al. Auctions with resale opportunities: an experimental study
Upson et al. Are Odd‐Lot Orders Informed?
JP7445648B2 (ja) データ処理システム、データ処理方法、及び、プログラム
Larrymore et al. Internalization and market quality: An empirical investigation
KR20050113139A (ko) 인터넷상에서 개발대안부경매를 이용한 건설자산 유동화방법
CN112651833A (zh) 证券处理方法、计算机设备及存储装置
Lu et al. Information transparency in B2B auction markets: The role of winner identity disclosure
Lamb et al. Investigating potential impacts of credit failure risk mitigation on habitat exchange outcomes
AU2021107381A4 (en) System, Program, and Method for Executing Capital Raise Transactions

Legal Events

Date Code Title Description
121 Ep: the epo has been informed by wipo that ep was designated in this application

Ref document number: 08749953

Country of ref document: EP

Kind code of ref document: A1

WWE Wipo information: entry into national phase

Ref document number: 2008749953

Country of ref document: EP

NENP Non-entry into the national phase

Ref country code: DE