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A Model for the Configurable Composition and Synchronization of Complex Trading Activities

Si, Yain-Whar and Edmond, David and ter Hofstede, Arthur H.M. and Dumas, Marlon (2003) A Model for the Configurable Composition and Synchronization of Complex Trading Activities. In Proceedings 18th ACM Symposium on Applied Computing (SAC), pages pp. 595-602, Melbourne FL, USA.

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Abstract

With the increasing number of market places and potential trading partners across the e–commerce environment, it will become natural for multiple trading activities to be deployed as part of a single trading strategy. This paper describes a multi–process model for controlling interrelated trading activities. The model includes a powerful generic synchronization construct for building a variety of executable trading engines. The modular design of the construct enables the realization of complex trading schemes, including a number of well known strategies from the financial trading domain. A homogeneous interface is defined to allow seamless integration of control modules built using this construct with elementary trading tasks which directly interact with the trading partners using various negotiation protocols. The model also enables iterative negotiation capabilities, which are essential in any complex trading environment. In addition, the model is designed to be orthogonal to the reasoning model so that any reasoning mechanism can be plugged into it.

Item Type:Conference Paper
Status:Published
Keywords:automated trading; trading strategy; negotiation protocol
Subjects:Subjects UNSPECIFIED
ID Code:1781
Deposited By:Dumas, Marlon
Deposited On:06 July 2005
Alternative Locations:http://dx.doi.org/10.1145/952532.952651
Copyright Owner:Copyright 2003 ACM Press
Copyright Statement:Reproduced in accordance with the copyright policy of the publisher.