Orchestrating Interrelated Trading Activities
Si, Yain-Whar, Edmond, David, ter Hofstede, Arthur H.M., & Dumas, Marlon (2005) Orchestrating Interrelated Trading Activities. International Journal of Business Process Integration and Management, 1(1), pp. 12-25.
With the growing number of marketplaces and trading partners in the e-commerce environment, software tools designed to act on behalf of human traders are increasingly being used to automate trading activities. This paper describes a model for constructing trading engines which are capable of concurrently participating in multiple interrelated negotiations with heterogeneous protocols. The behaviour of these trading engines is specified by means of a generic synchronisation construct which enables the incremental composition of complex trading schemes, including a number of well known strategies from the financial trading domain. The construct is augmented with a priority-based scheduling algorithm which selects a set of nodes for negotiation based on their estimated profit, the time remaining and the desired degree of concurrency. The model also supports iterative negotiation, which is essential in any complex trading environment.
Impact and interest:
Citation countsare sourced monthly fromand citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloadsdisplays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||Journal Article|
|Keywords:||composite trading activities, negotiation protocols, concurrent negotiations, synchronisation, e, commerce, electronic commerce, trading engines, priority, based scheduling, iterative negotiation, business process integration, multiple negotiations, interrelated negotiations, electronic marketplaces, trading strategies, coordination|
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Science and Technology|
|Copyright Owner:||Copyright 2005 Inderscience Publishers|
|Copyright Statement:||Reproduced in accordance with the copyright policy of the publisher.|
|Deposited On:||10 Nov 2005|
|Last Modified:||29 Feb 2012 23:14|
Repository Staff Only: item control page