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An Agent-Based Commodity Trading Simulation, Shih-Fen Cheng, Yee Pin Lim
An Agent-Based Commodity Trading Simulation, Shih-Fen Cheng, Yee Pin Lim
Research Collection School Of Computing and Information Systems
In this paper, an event-centric commodity trading simulation powered by the multiagent framework is presented. The purpose of this simulation platform is for training novice traders. The simulation is progressed by announcing news events that affect various aspects of the commodity supply chain. Upon receiving these events, market agents that play the roles of producers, consumers, and speculators would adjust their views on the market and act accordingly. Their actions would be based on their roles and also their private information, and collectively they shape the market dynamics. This simulation has been effectively deployed for several training sessions. We will …
An Agent-Based Commodity Trading Simulation, Shih-Fen Cheng, Yee Pin Lim, Chao-Chi Liu
An Agent-Based Commodity Trading Simulation, Shih-Fen Cheng, Yee Pin Lim, Chao-Chi Liu
Research Collection School Of Computing and Information Systems
In recent years, the study of trading in electronic markets has received significant amount of attention, particularly in the areas of artificial intelligence and electronic commerce. With increasingly sophisticated technologies being applied in analyzing information and making decisions, fully autonomous software agents are expected to take up significant roles in many important fields. This trend is most obvious in the financial domain, where speed of reaction is highly valued and significant investments have been made in information and communication technologies.Despite the successes of automated trading in many important classes of financial markets, commodity trading has lagged behind, mainly because of …