Electronic trading venues are autonomous and equal in their basic functionality providing a platform for trading of stocks, where prices are generated and transactions are performed. They can be seen as peers. Electronic trading venues in the United States are linked together through the central National Market System (NMS) and a set of rules enabling communication on this network, the Regulati...

Electronically supported transaction processes may lead to efficiency gains and cost reductions enhancing the operational effectiveness. Electronic trade systems improve coordination between buyers and sellers and increase transaction efficiency. The paper shows an exemplary agrifood market with a comparatively high level of inefficiency where electronic trading could benefit participating ente...

Although there has recently been an increased practitioner and media focus on electronic marketplaces, there still remains confusion over the advantages of participation. As a consequence organisations are finding difficulty in developing strategies, policies and procedures in relation to the e-marketplace selection process. In some cases due to the dynamic and evolving environment of electroni...

OF DOCTORAL DISSERTATION AALTO UNIVERSITY SCHOOL OF SCIENCE AND TECHNOLOGY P.O. BOX 11000, FI-00076 AALTO http://www.aalto.fi Author Jouni Kauremaa Name of the dissertation Studies on the Utilization of Electronic Trading Systems in Supply Chain Management Manuscript submitted 4.12.2009 Manuscript revised 22.4.2010 Date of the defence 31.5.2010 Monograph Article dissertation (summary + original...

As the Internet helps mediate millions of transactions in electronic markets, research work on automated trading agents is helping humans improve their trading objectives (e.g., finding lower prices and improving delivery options). This chapter presents an overview of the research work on trading agents in the context of the Trading Agent Competition. The Trading Agent Competition is an annual ...

Electronically traded On-line Delivered Content (ODC) is data, information, and knowledge traded on the Internet or through other on-line means. ODC includes on-line newspapers, magazines, music, education, searchable databases, consulting, and eventually expertise ideas. This paper outlines the growing importance of ODC. It then attempts to position electronic trading in ODC within the wider f...

In the explosive growth of Business to Business (B2B) Electronic Trades, electronic markets have received a great deal of attention recently. The obtained profit of trading in E-B2B market encourage market participants to remain in the market. Market participants consist of: sellers, buyers, and market owner. In this paper the expected profit function for each market participant has been define...

Recent times have seen the rate of adoption of EDI systems decrease significantly. In an attempt to develop widely accessible EDI systems companies are looking to the Internet and emerging standards for data transportation. An XML-based electronic trading system is an example of a system that facilitates Internet-based EDI transactions. The purpose of this research is to investigate the issues ...