Apparatus and method for designing a market mechanism

• US 20030101130A1
• Filed: 11/26/2002
• Published: 05/29/2003
• Est. Priority Date: 11/29/2001
• Status: Abandoned Application

• Current Assignee: Hewlett-Packard Development Company, L.P. (HP Inc.)
• Original Assignee: Hewlett-Packard Development Company, L.P. (HP Inc.)
• Inventors: Cliff, David Trevor
• Application Number:
  US10/305,462
• Publication Number:
  US 20030101130A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/0203 Market surveys; Market polls
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 90/00 Systems or methods specially adapted for administrative, commercial, financial, managerial or supervisory purposes, not involving significant data processing

Abstract

Computer apparatus comprising a processor for being arranging as a number of artificial trading agents; the processor being arranged to define a space of possible market mechanisms; the processor being arranged to select a market mechanisms within the continuum of market mechanisms using a optimisation algorithm to provide optimisation of a market dynamic for the artificial trading agents.

Claims

1. Computer apparatus for designing a market mechanism comprising means for defining a space of possible market mechanisms;

a processor arranged to select a market mechanism within the space of market mechanism.

2. Computer apparatus according to claim 1, wherein the space of possible market mechanisms defines a continuum of market mechanism.

3. Computer apparatus according to claim 2;

wherein the continuum of market mechanisms is defined by probability of a seller making a quote equals 100% minus the probability of a buyer making a bid.

4. Computer apparatus according to claim 1;

wherein the processor is arranged to select a market mechanism within the space of possible market mechanisms to provide optimisation of a market dynamic.

5. Computer apparatus according to claim 4, wherein the market dynamic is the minimization of the deviation of transaction prices from a markets theoretical equilibrium price.

6. Computer apparatus according to claim 1, wherein the processor is arranged to select the market mechanism using an optimisation algorithm.

7. Computer apparatus according to claim 5, wherein the optimisation algorithm is a genetic algorithm.

8. Method for designing a market mechanism comprising defining a space of possible market mechanisms;

selecting a market mechanism within the space of possible market mechanisms.

9. Method for designing a market mechanism according to claim 8, wherein the space of possible market mechanisms defines a continuum of market mechanisms.

10. Method for designing a market mechanism according to claim 9, wherein the continuum of market mechanisms is defined by probability of a seller making a quote equals 100% minus the probability of a buyer making a bid.

11. Method for designing a market mechanism according to claim 8, further comprising selecting the market mechanism using an optimisation algorithm.

12. Computer apparatus comprising a processor for being arranged as an artificial trading agent;

the processor being arranged to define a space of possible market mechanisms;

the processor being arranged to select a market mechanisms within the continuum of market mechanisms using a optimisation algorithm to provide optimisation of a market dynamic for the artificial trading agent.

13. Computer apparatus according to claim 12, wherein the optimisation algorithm is a genetic algorithm.

14. Computer apparatus comprising a processor for being arranged as a number of artificial trading agents;

the processor being arranged to define a space of possible of market mechanisms;

the processor being arranged to select a market mechanisms within the continuum of market mechanisms using a optimisation algorithm to provide optimisation of a market dynamic for the artificial trading agents.