Floor trading versus computer trading - Does it matter? [ 2003-01-01 - 2005-12-31 ]

Research Grant

Researchers: Prof Frederick Foster (Chief Investigator) ,  Prof Robert Wood (Chief Investigator) ,  Prof Shirley Gregor (Chief Investigator) ,  Prof Terence O'Neill (Chief Investigator) ,  Richard Heaney (Chief Investigator)
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Brief description Floor trading versus computer trading - Does it matter? 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.

Funding Amount $174,000

Funding Scheme Discovery Projects

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