Evaluation criteria analysis in selecting an online securities trading system by brokerage firms in Taiwan

Shih Tong Lu, Dong Shang Chang, Yao Feng Chang, Junzo Watada

    Research output: Contribution to journalArticle

    Abstract

    This study is devoted to the criteria for the evaluation of an online securities trading system for brokerage firms. Based on the evaluation criteria identified, through the literature review, a hierarchical structure of four dimensions and twenty-three factors is constructed, and a systematic approach with consistent fuzzy preference relations (CFPR) was employed to assess the relative importance and ranking of these criteria. Discussion of the results is made and a brief conclusion is proposed. Among the identified dimensions, "System stability" is considered the most important for selecting the online securities trading system for brokerage firms based on the responses of our invited experts. "System function" and "System charge" are the second and third most important dimensions needed to select an appropriate online securities trading system. "Vendor capability" is the last dimension in the sequence of relative importance affecting selection of an online securities trading system.

    Original languageEnglish
    Pages (from-to)4033-4039
    Number of pages7
    JournalICIC Express Letters
    Volume5
    Issue number11
    Publication statusPublished - 2011 Nov

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    System stability

    Keywords

    • Consistent fuzzy preference relations
    • Online securities trading system
    • Relative importance of evaluation criteria

    ASJC Scopus subject areas

    • Computer Science(all)
    • Control and Systems Engineering

    Cite this

    Evaluation criteria analysis in selecting an online securities trading system by brokerage firms in Taiwan. / Lu, Shih Tong; Chang, Dong Shang; Chang, Yao Feng; Watada, Junzo.

    In: ICIC Express Letters, Vol. 5, No. 11, 11.2011, p. 4033-4039.

    Research output: Contribution to journalArticle

    Lu, Shih Tong ; Chang, Dong Shang ; Chang, Yao Feng ; Watada, Junzo. / Evaluation criteria analysis in selecting an online securities trading system by brokerage firms in Taiwan. In: ICIC Express Letters. 2011 ; Vol. 5, No. 11. pp. 4033-4039.
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