Floor trading versus computer trading - Does it matter?

用于证券交易的计算机系统始于20世纪80年代。这些系统规模庞大、成本高昂，而且极其复杂。它们的引入的结果是不可预见的，相关的研究文献也很少。本项目将用一个模拟的交易系统来实验研究重要的系统参数对交易行为的影响。还将开发和测试针对贸易商的智能支持系统。项目团队结合了人类决策、金融和先进信息技术领域所需的专业知识。研究结果将对市场微观结构理论和交互式智能系统以及澳大利亚的一个重要行业具有重要意义。

Computer systems for securities trading date from the 1980s. These systems are large, costly and extremely complex. Outcomes from their introduction were unforeseen and the relevant research literature is sparse. This project will investigate experimentally with a simulated trading system the effects on trading behaviour of important system parameters. Intelligent support systems for traders will also be developed and tested. The project team combines needed expertise from the areas of human decision making, finance, and advanced information technologies. Results will be important for theory of market microstructure and interactive intelligent systems and also for an important industry in Australia.