ACM Transactions on Computer Systems (TOCS)
A method for obtaining digital signatures and public-key cryptosystems
Communications of the ACM
Analyzing the Needham-Schroeder Public-Key Protocol: A Comparison of Two Approaches
ESORICS '96 Proceedings of the 4th European Symposium on Research in Computer Security: Computer Security
Design and Verification of a Secure Electronic Auction Protocol
SRDS '98 Proceedings of the The 17th IEEE Symposium on Reliable Distributed Systems
A Security Auction-Like Negotiation Protocol for Agent-Based Internet Trading
SRDS '98 Proceedings of the The 17th IEEE Symposium on Reliable Distributed Systems
A Real-Time Protocol for Stock Market Transactions
WECWIS '99 Proceedings of the International Workshop on Advance Issues of E-Commerce and Web-Based Information Systems
The design and implementation of a secure auction service
SP '95 Proceedings of the 1995 IEEE Symposium on Security and Privacy
Agora: a minimal distributed protocol for electronic commerce
WOEC'96 Proceedings of the 2nd conference on Proceedings of the Second USENIX Workshop on Electronic Commerce - Volume 2
Secure coprocessors in electronic commerce applications
WOEC'95 Proceedings of the 1st conference on USENIX Workshop on Electronic Commerce - Volume 1
International Journal of Business Information Systems
International Journal of Electronic Finance
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Stock markets constitute the largest electronic commerce market in the world. The tremendous growth in trading volume and the need for fast and accurate transaction execution has made the stock market one of the most technology friendly markets. The fastest growing stock exchange, NASDAQ, is a wholly electronic stock exchange with all transactions conducted over computer networks. However, the transaction model used by NASDAQ and other electronic stock markets still borrows heavily from the older traditional models used by non-electronic stock exchanges. Two important requirements of modern day stock market transactions are: (a) customer’s ability to place sophisticated transaction orders to buy/sell stock, and (b) customer’s ability to detect transaction delays. Modern electronic stock exchanges lack both the ability to place newer, more sophisticated transaction orders and the ability to detect delays in transaction execution. In this paper, we propose a protocol for stock market transaction that can model a new sophisticated model for transaction orders while continuing to support traditional transaction orders. The protocol is augmented with a mechanism to detect delays in transaction execution. It is further shown that the protocol proposed is secure, atomic, anonymous, private, and incurs low overhead costs.