Smart e-Trader: A prototype Information Management System for UAE Stock Markets

Abstract:

This paper presents a new online smart trading approach for investors in UAE stock markets. Smart trader is a web-based information management system that provides investors with real time stock market information and personalized stock recommendations. A study was conducted to assess the needs for such system in UAE markets and found a strong demand for it among investors. A new system architecture is also proposed, called smart e- trader, to accommodate investors’ new needs and preferences. A prototype system of smart trader has been implemented to evaluate the usefulness and effectiveness of the new approach. The findings of this research suggests that deploying a smart online stock trading applications in UAE markets would help investors make an informative investment decisions as well as assist them manage their stock trading transactions.