Arbitrage Detector Alert System
Arbitrage is a trading strategy based on the purchase ofa commodity, including foreign exchange, in one market at one price while simultaneously selling it in another market at a more advantageous price, in order to obtain a risk-free profit on the price differential. The project main objective i...
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| Format: | Final Year Project |
| Language: | English |
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Universiti Teknologi PETRONAS
2008
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| Online Access: | http://utpedia.utp.edu.my/9759/1/2008%20-%20Arbitrage%20Detectorn%20Alert%20System.pdf http://utpedia.utp.edu.my/9759/ |
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| Institution: | Universiti Teknologi Petronas |
| Language: | English |
| Summary: | Arbitrage is a trading strategy based on the purchase ofa commodity, including foreign
exchange, in one market at one price while simultaneously selling it in another market at
a more advantageous price, in order to obtain a risk-free profit on the price differential.
The project main objective is to create a system to ease the arbitrageurs in order to
detect arbitrage. Currently, the arbitrageurs have to detect a possible arbitrage manually
by looking at the foreign exchange rates everyday. The system will read the latest
foreign exchange rate everyday and inform or alert the arbitrageurs if it detects any
possible arbitrage. The system also will be able to recognize the specific countries that
have the possible arbitrage. Astudy was conducted for finding solution for the system,
understanding foreign exchange rates and the regulations in buying and selling
currencies, designing interface, and developing coding. The system was relied on
exchange rates from several countries, a study to gather data from Internet and extract
data from HTML source code also was done. In order to develop the system, the
prototyping approach is used to ensure the system could be completed in limited time.
The system was built from new solutions based from case study and literature search
and integrated with solutions that built based on current system so it can be a complete
arbitrage detector alert system. The project finally will help to link the arbitrageurs to
the appropriate link to do the selling and buying of the currency. As for a conclusion,
the system is being developed to help the arbitrageurs to detect any possible arbitrage in
the markets.
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