Trading strategies for markets: a design framework and its application

  • Authors:
  • P. Vytelingum;R. K. Dash;M. He;A. Sykulski;N. R. Jennings

  • Affiliations:
  • School of Electronics and Computer Science, University of Southampton, Southampton, UK;School of Electronics and Computer Science, University of Southampton, Southampton, UK;School of Electronics and Computer Science, University of Southampton, Southampton, UK;School of Electronics and Computer Science, University of Southampton, Southampton, UK;School of Electronics and Computer Science, University of Southampton, Southampton, UK

  • Venue:
  • AMEC'05 Proceedings of the 2005 international conference on Agent-Mediated Electronic Commerce: designing Trading Agents and Mechanisms
  • Year:
  • 2005

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Abstract

In this paper, we present a novel multi-layered framework for designing strategies for trading agents. The objective of this work is to provide a framework that will assist strategy designers with the different aspects involved in designing a strategy. At present, such strategies are typically designed in an ad-hoc and intuitive manner with little regard for discerning best practice or attaining re-usability in the design process. Given this, our aim is to put such developments on a more systematic engineering footing. After we describe our framework, we then go on to illustrate how it can be used to design strategies for a particular type of market mechanism (namely the Continuous Double Auction), and how it was used to design a novel strategy for the Travel Game of the International Trading Agent Competition.