A software architecture for Continuous Double Auctions

Trevathan, Jarrod, and Read, Wayne (2007) A software architecture for Continuous Double Auctions. In: Proceedings of IADIS International Conference: Applied Computing 2007, pp. 328-338. From: IADIS International Conference: Applied Computing 2007, 18-20 February 2007, Salamanca, Spain.

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Abstract

A Continuous Double Auction (CDA) is a powerful auction mechanism used in online share trading. A CDA has many buyers and sellers continually exchanging items. Implementing an online CDA in software is more complicated than a regular online auction (such as eBay). This paper describes our experiences with implementing an online CDA. We present the model as an abstraction of the online share trading process, and discuss implementation specific details. We describe the major software components, address web site navigation and object-oriented software design. An online CDA database schema is presented along with a discussion regarding timing issues. We show how bids are cleared and contrast differing matching strategies. We also investigate CDA software bidding agents, present an agent application programming interface, and a description of different bidding agent strategies. Online CDA privacy and security considerations are also discussed. The auction model is simple/concise, and presented as a general guide on how to basically implement an online CDA system.

Item ID: 3119
Item Type: Conference Item (Refereed Research Paper - E1)
Keywords: online share trading; online auctions; programming; database; navigation; security; object-orientated design; database; timing; market cleaning
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ISBN: 978-972-8924-30-0
Date Deposited: 13 May 2009 02:04
FoR Codes: 08 INFORMATION AND COMPUTING SCIENCES > 0804 Data Format > 080499 Data Format not elsewhere classified @ 100%
SEO Codes: 89 INFORMATION AND COMMUNICATION SERVICES > 8999 Other Information and Communication Services > 899999 Information and Communication Services not elsewhere classified @ 100%
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