The Use of Infocommunication Components of Mechanical Trading Systems to Manage the Financial Security of Business Entities

• Published in: 2022 IEEE 9th International Conference on Problems of Infocommunications, Science and Technology (PIC S&T) pp. 602 - 606
• Main Authors: Serhii, Hlibko, Tyshchenko, Viktoriia, Kanyhin, Serhii, Nataliya, Vnukova, Daria, Davydenko
• Format: Conference Proceeding
• Language: English
• Published: IEEE 10.10.2022
• Subjects: Altman model; Decision making; financial security; Indexes; mechanical trading system; profit; Profitability; Security; Stability criteria; Task analysis; virtual asset
• DOI: 10.1109/PICST57299.2022.10238562

Modern trends in the use of information and communication technologies to ensure the financial security of economic entities were determined. The distribution of a large sample of enterprises by industry according to the level of financial security (on the verge of bankruptcy, stable and financially stable) using the Altman model was proposed. The potential of using mechanical trading systems within the scope of investment activities on virtual asset exchanges by domestic enterprises in order to increase profit as a component of the Altman coefficient was revealed. The hypothesis was proposed and confirmed: a positive impact on the company's profit leads to an increase in the level of its financial security. The effectiveness of using a trading strategy based on the commodity channel index was proved through the simulation of trades in virtual assets on a selected fragment of retrospective data using the developed mechanical trading system. The advantages of managing the financial security of enterprises using the proposed info-communication components of mechanical trading systems was demonstrated.