Tool Suite meet2trade

Our generic system supports all facets of electronic markets. Ranging form bilateral negotiations like chatting, to auction mechanisms, or even more complex negotiation protocols, the generic platform is the basic system that enables the automation of trading and negotiation processes.

The meet2trade core uses state-of-the art technologies and is capable to operate various markets synchronously. It enables the configuration, testing, and trading on electronic markets. The generic prototype focuses on four areas

1. Complex Market Models
   The combination of markets implies not only the integration of markets based on identical market models, but also the combination of different market models. Multiple market models are combined in both ways: sequentially and parallel. Thus, market models can exist parallel or can be arranged with other market models in sequence ("cascaded dynamic" market models).
   
   
2. Individual Configuration of the Markets
   Besides, the trading platform supports the individual configuration of the market models - the design and configuration of the markets is based on a parametrization of the market models.
   meet2trade enables the design and test of electronic markets by using the Market Modelliing Language (MML). This language was developed to describe market rules and to facilitate your individual market configuration.
   By using the MML-Editor, markets can easily be combined and configured - the MML-Editor produces a complete description of this market.
   
   
3. Generic order type in meet2trade
   The type and volume of the financial instruments tradable on the new platform is easily extensible - at a later stage also towards other standardized products like electricity or gas. As the electronic trading system is not determined for a specific application domain, the transaction object has to be defined by a flexible and generic order structure (generic order). A generic order is constructed to serve various applications - the domain-independent structure is defined by multiple attributes, not limited to a certain number of attributes.
   The Java based generic client enables yout to immediately use the configured and tested market. The GUI adapts automatically to the specific market requirements using XML-descriptions and JMS-communication.
   
   
4. Additional tools of meet2trade
   The platform access and the integration of other trading platforms are designed to be flexible and extensible. The market participant is provided by a flexible platform through the possibility of personalization, which offers - dependent on the market participants' preferences and competences - almost any desired possibility of market access and trading.
   Besides, tests to identify short-comings before launching the application are necessary. The Experimental System (MES) and the Agent-based MArket Simulation Environment (AMASE) are further tools of the meet2trade platform, assisting in evaluating designed markets by using experimental, computational and evoutionary methods. The results are transfered and used in the decision support-tool Market Planning and Operation Intelligence (MAPOI).
   
   

Screenshot meet2trade client - Main view

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