An information-rich, virtual trading environment

The E-Markets group at the University of Technology, Sydney has been undertaking research on the evolution of trading environments. The main focus is on mechanisms for innovation. Work to date includes: simulation experiments to investigate the relative impact and cost of the fundamental evolutionary mechanisms, the construction of an e-Market kernel embedded in a virtual world, the construction of smart mining bots to extract and condense information from the market context, and a process management system. In this project every transaction is managed as a business process. Future work focuses on understanding the evolution of business networks in the virtual marketplace. This paper presents the current state-of-art project in information rich, virtual trading environments.