For many large retail companies with many suppliers, the utopian vision of total paperless trading offered by traditional Electronic Data Interchange (EDI), with its attendant efficiencies, has not been realized. Many small but operationally important suppliers, lack enthusiasm for traditional EDI because it is expensive, complicated and they stand to gain little from it. This non-compliance pr...

New information technology (IT), especially the internet, have revolutionised the finance industry with the rapid growth of electronic finance. E-finance activities include all types of financial activities carried out over the internet or other public networks, such as online banking, electronic trading, the provision and delivery of various financial products and services (for instance insura...

The use of asynchronous communication is traditionally seen to be an important element of an agent’s autonomy. This paper argues that groups of agents within a society need the ability to choose forms of communication with stronger guarantees for particular interactions, and in particular, focuses on the use of reliable group communication. An example electronic trading scenario—the game of Pit...

Electronic Commerce is now seen as the future direction of commerce. Organisations are now developing and implementing a wide range of electronic commerce systems However, before organisations will be able to harness the potential of electronic commerce systems suitably trained people will be required. This paper examines virtual electronic teaching environment: the Deakin Electronic Trading Co...

a r t i c l e i n f o We examine the role of liquidity risk, both as a stock characteristic as well as systematic liquidity risk, in UK mutual fund performance for the first time. We find that on average UK mutual funds are tilted towards liquid stocks (except for small stock funds as might be expected) but that, counter-intuitively, liquidity rather than illiquidity, as a stock characteristic ...

The development and implementation of virtual educational environments is now becoming a strategic advantage as is becoming an integral part of the new universities. The Deakin Electronic Trading Community is an online education system that attempts to solve the problems of providing supportive educational tools in the education of electronic commerce.

The aim of this study is to investigate, using the perspective of the investor, the determinant factors for the success of the stock brokerage process over the Web, using financial portals on the Brazilian Internet. A framework of the online stock trading process is presented in order to compare the traditional form of stock brokerage with that made possible by the Internet and to discuss some ...

Agent-based auction trading plays an important role in the electronic acquisition of products/service for organization or e-procurement, especially for MRO materials. Effective agent-based trading has multiple benefits, such as reducing inventory levels, and a dual impact of centralizing strategic procurement objectives while decentralizing the operational procurement processes (Puschmann and A...

Innovative automated execution strategies like Algorithmic Trading gain significant market share on electronic market venues worldwide, although their impact on market outcome has not been investigated in depth yet. In order to assess the impact of such concepts, e.g. effects on the price formation or the volatility of prices, a simulation environment is presented that provides stylized impleme...

Although computers and electronic networks have become pervasive in contemporary financial markets, the telephone keeps playing a crucial role as a communication device in the trading rooms of investment banks and brokerage houses. The author examines this technology, its uses and the way in which it frames trade interactions in a number of empirical situations, with particular attention to the...