Modeling chaotic behavior of stock indices using intelligent paradigms
Neural, Parallel & Scientific Computations - Special issue: Advances in intelligent systems and applications
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Over the years, electronics technology has revolutionized virtually every securities market, most notably The NasdaqTM (National Association of Securities Dealers' Automated Quotations) Stock Market Inc. Nasdaq was the world's first market to handle trading not on an exchange floor but through a computer network linking display screens. However, since its advent in 1971, changes in telecommunications and computer technologies have been ongoing, profound and complex. As a screen-based market, Nasdaq has striven to stay on top of those developments. It is in the process of completing a US $180 million systems migration program-the largest single telecommunications and computer project undertaken by a US stock market. The effort has involved replacing the entire Nasdaq system with a standards-based client-server network, while moving from analog to digital network technology and upgrading the core systems to process 500 transactions a second-a rate that enables the market to handle at least a billion shares a day. With these systems, Nasdaq has the flexibility to constantly improve operational efficiency and regulatory oversight