Acknowledgements

I would like to thank my supervisor, Assoc. Prof. Belal Baaquie for the great academic help and moral support he has given me while doing this project.

I would also like to thank Mr. Kwek for his kind advice about the algorithmics and programming. I would also like to thank Dr. Lawrence Ma for his help with obtaining the market data and for the many helpful discussions I have had with him.

Last but not least, I would like to thank Cheong Siew Ann, Chong Shang Shan and Lim Hway Kiong for their kind help they provided me while writing this thesis.