Agent based Electronic Trading
Sunilkumar S. Manvi, Pallapa Venkataram · IETE Technical Review · 2003
The usage of Internet in commercial activities is starting to emerge in the world: Commercial activities via Internet are gradually changing the daily practice and future possibilities. This opens many new possibilities, opportunities, and challenges in electronic trading. Electronic trading lowers cost of trading and improves trading efficiency.Marketplaces typically consist of autonomous parties that interact with each other in several ways. Examples are product advising, sales negotiation, information providing, etc. In daily life, the number of parties and products is limited, due to space and time constraints. In E-trading, such constraints do not need to exist, and a wide variety of suppliers, products, and clients become readily available.Agent technology can enhance electronic market places by using the autonomy and flexibility features of the software agents: a software agent is a piece of software that is autonomous, and that is owned by some party. In this paper we review the uses of agent technology in Electronic trading. The agent technology offers following advantages: service customization, adaptability and supports Component Based Software Engineering (CBSE).