Technical solutions for integrated trading on spot, futures and bonds stock markets

  • Authors:

  • Vlad Diaconita;Ion Lungu;Adela Bara

  • Affiliations:

  • Department of Economic Informatics, The Academy of Economic Studies, Research Financed by UEFISCSU, Bucharest;Department of Economic Informatics, The Academy of Economic Studies, Research Financed by UEFISCSU, Bucharest;Department of Economic Informatics, The Academy of Economic Studies, Research Financed by UEFISCSU, Bucharest

  • Venue:
  • WSEAS Transactions on Information Science and Applications
  • Year:
  • 2009

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Abstract

This article is an extended version of a paper presented in the WSEAS MCBE09 conference [10] in which we will present in more detail practical solution for building an integration tier between an online trading platform and two stock exchange markets, in a SOA like architecture. Our solution is constructed using XML, Java and PL/SQL and not third-party costly solutions. This open source approach, even if it is more difficult to develop and implement at first, helps a company to control the solution. The system will not be tied to SOA vendors that are usually keeping their software as secret as possible, demanding that they will develop, an additional costs, all the future developments. We are using XML for communication, not only because of the constraints given by the systems we integrate, but also because it is the natural choice in a SOA like solution. XML it's being used to enable web services and similar, often custom, RPC functionality to allow greater access to data across multiple systems within an organization and allowing the possibility of future systems to be created from collections of such RPC functionality [5, 6].