Paper Info
Title
A Web-Based Financial Trading System
Abstract
A new electronic financial market is fast emerging. Connected by high-speed networks, buyers and sellers are gathering in virtual marketplaces and revolutionizing the way business is conducted. The financial services industry, among the most innovative and aggressive in its use of IT, has created an entirely new online brokerage industry in just a few years. The principal functions of financial markets are to bring buyers and sellers together and to provide a price discovery mechanism for the assets being traded. In this article, the authors describe their financial bundle trading system (FBTS), a Web-based continuous electronic market that traders can use to execute bundle orders. With a bundle order, a trader can order a combination of stocks or assets. FBTS is in an experimental stage and is being extensively used for research at the University of Texas at Austin. Rapid advances in IT and growing competition are causing fundamental changes in the world's financial services industry. Because the FBTS is based on distributed objects, it has significant advantages over systems built with CGI scripts.
Year
DOI
Venue
1999
10.1109/2.755007
IEEE Computer
Keywords
DocType
Volume
fundamental change,Web-based continuous electronic market,Web-Based Financial Trading System,bundle order,financial services industry,new electronic financial market,experimental stage,CGI script,financial market,financial bundle trading system,new online brokerage industry
Journal
32
Issue
ISSN
Citations 
4
0018-9162
44
PageRank 
References 
Authors
8.89
1
3
Name
Order
Citations
PageRank
Ming Fan1448.89
Jan Stallaert257273.86
Andrew B. Whinston34572552.12