• Journal of Information Technology Services
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• v.7 no.1
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• pp.131-149
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• 2008

Bandwidth Trading(BT) represents a potential market with over 1 trillion USD across the world and high growth potential. BT is also likely to accelerate globalization of the telecommunications industry and massive restructuring driven by unbundling rush. However, systematic researches on BT remain at an infant stage. This study starts with structure analysis of the Internet industry, and discusses significance of Internet interconnection with respect to BT Issues. We also describe the bandwidth commoditization trends and review technical requirements for effective Internet interconnection with BT capability. Taking a step further, this study explores the possibility of improving efficiency of network providers and increasing user convenience by developing an architectural prototype of Hub-&-Spoke interconnection model required to facilitate BT. The BT market provides an Innovative base to ease rigidity of two-party contract and Increase service efficiency. However, as fair, efficient operation by third party is required, this research finally proposes an exchanging hub named NIBX(New Internet Business eXchange).

• Journal of Climate Change Research
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• v.7 no.2
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• pp.121-135
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• 2016

Korean Emission Trading Scheme entered into force on 1 January 2015. As other Emission Trading Systems, Korean Emission Trading System also have some deficiencies to be complemented and improved. Thus, the issues that are related to legal characteristics of emission allowance and its status as a financial instrument, terminology, requisites for the designation of the business entities eligible for allocation, banking and borrowing, and the non-permanence problems in the forestry offset mechanism are reviewed and the directions of the improvement are presented. The review of the Korean Emission Trading Scheme and its relevant act and the presidential decree at its early stage may be helpful for the Korean ETS to be firmly settled and to operate properly.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.18 no.11
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• pp.2658-2663
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• 2014

To minimize low latency and improve the processing speed of the stock trading system, various technologies have been introduced. However, expensive network equipment has limitation for improving speed of trading system. Also, it is true that there is not much advantage by introducing those kind of systems. In this paper, we propose a low-Latency SPT(Safe Proper Time) scheme for overcoming the stock trading system in a cloud. The proposed method minimizes the CPI in order to reduce the CPU overhead that is based on the understanding of the kernel. and this approach satisfies the data timeliness.

• Journal of Information Technology Services
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• v.12 no.2
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• pp.301-319
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• 2013

Wireless and mobile communication technologies enable individuals who trade stocks and bonds to use mobile-based trading services. Due to rapidly developing mobile technologies and adoption of the advanced/smart mobile devices such as smart phones and tablets, the use of mobile trading systems (MTS) have increased at an unexpected rate. Although many prior studies measured service quality on various service-related fields, there are few studies that is related to mobile trading systems compared to more traditional PC-based home trading systems. This research searches determinants of service quality for mobile trading systems and examines the effects of these factors on the intention to mobile trading systems' continuous use. Through an extensive literature review, this research finds three dimensions for mobile trading systems : interaction quality, service environment quality, and service outcome quality. The result of analysis shows that personalization, connectivity, ease of use, informativeness, and monetary value enhance the intention to continuous use. Considering environmental conditions such as the high rate of MTS adoption among individual users and stiffer competition among securities firms, these findings may help practically securities firms' shaping MTS system development strategies for individual users' continuous use and for increasing new users adoption.

• Journal of Information Technology Applications and Management
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• v.17 no.3
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• pp.151-162
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• 2010

Recent developments in financial market liberalization and information technology are accelerating the interdependence of national stock markets. This study explores the information spillover effect of the US stock market on the overnight and daytime returns of the Korean stock market. We develop a profitable intra-day trading strategy based on the information spillover effect. Our study provides several important conclusions. First, an information spillover effect still exists from the overnight US stock market to the current Korean stock market. Second, Korean investors overreact to both good and bad news overnight from the US. Therefore, there are significant price reversals in the KOSPI 200 index futures prices from market open to market close. Third, the overreaction effect is different between weekdays and weekends. Finally, the suggested intra-day trading system based on the documented overreaction hypothesis is profitable.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.7
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• pp.957-965
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• 2012

Korean government has been preparing the introduction of Emission Trading as part of the framework convention on Climate Change as a relief of negative downstream effect over electricity industry. This paper develops a mathematical model amenable to analyzing the economic impact of introduced emission trading system on the national generation expansion planning. The developed model was also employed with a case study to verify its applicability.

• The KIPS Transactions:PartB
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• v.14B no.2
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• pp.127-134
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• 2007

There are many researches about the intelligent stock trading systems with the help of the advance of the artificial intelligence such as machine learning techniques, Though the establishment of the reasonable trading policy plays an important role in the performance of the trading systems most researches focused on the improvement of the predictability. Also some previous works, which treated the trading policy, treated the simplified versions dependent on the predictors in less systematic ways. In this paper, we propose the integrated multiple simulation' as a method of optimizing trading performance of stock trading systems. The propose method is adopted in the NXShell a development environment for neural network based stock trading systems. Under the proposed integrated multiple simulation', we simulate the multiple tradings for all combinations of the neural network's outputs and the trading policy parameters, evaluate the learning performance according to the various metrics and establish the optimal policy for a given prediction module based on the resulting performance. In the experiment, we present the trading policy comparison results using the stock value data from the KOSPI and KOSDAQ.

• Journal of Digital Contents Society
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• v.18 no.1
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• pp.9-16
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• 2017

Recently, consumer who has a desire to spend less money want to buy a cheap and good product because of long economy recession. Secondhand trading is regarded as a good method which allows people to buy cheap and good product. Activation of secondhand trading reduces the psychological distance among customers. Especially, in the case of expensive books such as major books, each university has community only for used book trading. However, existing used book community is hard to find current real-time trading state at a look, and it is impossible to purchase reasonably because of a one-way pricing of the seller. In this paper, we design and implement a used book trading web service using an auction system which can help anyone to trade used book easily. It is designed web based system and it provides convenience to user through efficient book registration function and book search function.

• Journal of Multimedia Information System
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• v.4 no.4
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• pp.271-278
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• 2017

There has been an influx of traders and researchers eager to gain a better understanding of the market due to the rapid growth of the FOREX market. Traders with varying degree of experience are also often inundated with information, analysis methods as well as trading rules when making a trading decision on buying/selling a currency exchange pair. Thus, this paper reviews the current computational tools and analysis methods used within the FOREX trading community and proposes the development of a web-based trading platform with e-learning features to support beginners. Novice traders could also benefit from the use of the proposed e-learning trading platform as it helps them gain valuable knowledge and navigate the FOREX market in real-time. Even experienced traders would find it useful as the platform could be used for actual trading and acts as a reference point to understand the reasoning behind the certain technical analysis implementation that are still unclear to them.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.4
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• pp.202-211
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• 2014

Pairs trading is a type of arbitrage investment strategy that buys an underpriced security and simultaneously sells an overpriced security. Since the 1980s, investors have recognized pairs trading as a promising arbitrage strategy that pursues absolute returns rather than relative profits. Thus, individual and institutional traders, as well as hedge fund traders in the financial markets, have an interest in developing a pairs trading strategy. This study proposes pairs trading rules (PTRs) created from a price ratio between securities (i.e., stock index futures) using rough set analysis. The price ratio involves calculating the closing price of one security and dividing it by the closing price of another security and generating Buy or Sell signals according to whether the ratio is increasing or decreasing. In this empirical study, we generate PTRs through rough set analysis applied to various technical indicators derived from the price ratio between KOSPI 200 and S&P 500 index futures. The proposed trading rules for pairs trading indicate high profits in the futures market.