Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

ECS to develop automated agents for the stock market

27.09.2007
A team from the University of Southampton which won an automated trading agent competition believe their entry may form the basis for an automated stock market.

Professor Nick Jennings, ECS Professor of Computer Science, led a team which won the Trading-Agent Competition (TAC) - CAT Tournament (http://www.marketbasedcontrol.com/blog/index.php?page_id=5) which was held in Toronto in July. The other team members were Dr Perukrishnen Vytelingum, Dr Ioannis Vetsikas and Dr Raj Dash. The team is now developing this automated stock market further.

The aim of the competition was to create software that would control a stock market, populated by automated trading agents, in the most effective way. In particular, this involved adjusting the market parameters (the cost of listings, the amount of information given out to traders and the fees charged) to create a market that is more appealing than the others that are available.

The ECS team, IAMwildCAT beat nine other teams, with a score four times higher than the team with the lowest score. The overall outcome is judged based on how the competing markets increase their market share; increase the amount of profit they make and the transaction success rate over a number of trading days.

‘There are now lots of different stock markets/exchanges around the world, many of which have shifted online,’ said Professor Jennings. ‘All of these exchanges compete with one another for business and the one which works best with its different parameters will get the majority of the business. This was the case for ECS in the CAT competition. We won because we adapted the terms and conditions of our exchange to respond favourably to changing market conditions.’

This is the second computerised agent competition that a team led by Professor Jennings won this year, in July ECS also won the RoboCupRescue World Championships (www.robocuprescue.org) which was held in Atlanta.

Helene Murphy | alfa
Further information:
http://www.soton.ac.uk.
http://www.robocuprescue.org
http://www.marketbasedcontrol.com/blog/index.php?page_id=5

More articles from Business and Finance:

nachricht Uncovering decades of questionable investments
18.01.2018 | University of Texas at Austin, Texas Advanced Computing Center

nachricht Corporate coworking as a driver of innovation
22.11.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Artificial agent designs quantum experiments

On the way to an intelligent laboratory, physicists from Innsbruck and Vienna present an artificial agent that autonomously designs quantum experiments. In initial experiments, the system has independently (re)discovered experimental techniques that are nowadays standard in modern quantum optical laboratories. This shows how machines could play a more creative role in research in the future.

We carry smartphones in our pockets, the streets are dotted with semi-autonomous cars, but in the research laboratory experiments are still being designed by...

Im Focus: Scientists decipher key principle behind reaction of metalloenzymes

So-called pre-distorted states accelerate photochemical reactions too

What enables electrons to be transferred swiftly, for example during photosynthesis? An interdisciplinary team of researchers has worked out the details of how...

Im Focus: The first precise measurement of a single molecule's effective charge

For the first time, scientists have precisely measured the effective electrical charge of a single molecule in solution. This fundamental insight of an SNSF Professor could also pave the way for future medical diagnostics.

Electrical charge is one of the key properties that allows molecules to interact. Life itself depends on this phenomenon: many biological processes involve...

Im Focus: Paradigm shift in Paris: Encouraging an holistic view of laser machining

At the JEC World Composite Show in Paris in March 2018, the Fraunhofer Institute for Laser Technology ILT will be focusing on the latest trends and innovations in laser machining of composites. Among other things, researchers at the booth shared with the Aachen Center for Integrative Lightweight Production (AZL) will demonstrate how lasers can be used for joining, structuring, cutting and drilling composite materials.

No other industry has attracted as much public attention to composite materials as the automotive industry, which along with the aerospace industry is a driver...

Im Focus: Room-temperature multiferroic thin films and their properties

Scientists at Tokyo Institute of Technology (Tokyo Tech) and Tohoku University have developed high-quality GFO epitaxial films and systematically investigated their ferroelectric and ferromagnetic properties. They also demonstrated the room-temperature magnetocapacitance effects of these GFO thin films.

Multiferroic materials show magnetically driven ferroelectricity. They are attracting increasing attention because of their fascinating properties such as...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

10th International Symposium: “Advanced Battery Power – Kraftwerk Batterie” Münster, 10-11 April 2018

08.01.2018 | Event News

See, understand and experience the work of the future

11.12.2017 | Event News

Innovative strategies to tackle parasitic worms

08.12.2017 | Event News

 
Latest News

Let the good tubes roll

19.01.2018 | Materials Sciences

How cancer metastasis happens: Researchers reveal a key mechanism

19.01.2018 | Health and Medicine

Meteoritic stardust unlocks timing of supernova dust formation

19.01.2018 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>