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Property Propagation Rules for Prioritizing and Synchronizing Trading Activities
Newport Beach, California June 24-June 27
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/COEC.2003.12102562003 IEEE International Conference on ...
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Yain-Whar Si, Queensland University of Technology
David Edmond, Queensland University of Technology
Arthur H.M. ter Hofstede, Queensland University of Technology
Marlon Dumas, Queensland University of Technology
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 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. These tree-structured engines are configured by means of a single generic synchronization 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 by 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 provides iterative negotiation, which is essential in any complex trading environment.
Index Terms:
trading activities, negotiation protocols, concurrent negotiations, synchronization
Citation:
Yain-Whar Si, David Edmond, Arthur H.M. ter Hofstede, Marlon Dumas, "Property Propagation Rules for Prioritizing and Synchronizing Trading Activities," cec, pp.246, 2003 IEEE International Conference on E-Commerce Technology (CEC'03), 2003
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