Christof Weinhardt
University of Karlsruhe (TH), Germany
School of Economics and Business Engineering
Information Management and Systems

CAME - Computer Aided Market Engineering

Designing electronic markets is a challenging task. The Market Engineering approach suggests a structured engineering process that addresses the complexities inherent to the design by dividing the design process into phases and recommending solution techniques to all individual tasks. The talk introduces the Market Engineering approach and the concept of a workbench CAME (computer aided market engineering) intended to support the development of electronic markets. CAME facilitates all design phases of the market engineering process, starting from the conceptual design which specifies the institutional rules of the market to the implementation and automatic tests by extensive simulations.

It will be shown how to use the market platform meet2trade as a CAME tool for various real world applications such as introducing and analysing the impact of bundle trading, testing innovative order types in financial markets, or implementing and running a configurable forecasting market for the FIFA Soccer World Championship 2006.