SICS Intelligent Systems Laboratory

Intelligent Systems Laboratory
Swedish Institute of Computer Science
http://www.sics.se/isl/

Electronic Trading (SITI)

The SITI Electronic Trading project participates in the Etrading Europe consortium:

Vision

Our vision is to make Swedish industry and society world leaders in e-commerce by

fully exploiting the best mechanisms for e-trading
leading the development, commercialization, and use of innovative and profitable e-trading applications

Emerging standards for e-commerce communications have given us an efficient infrastructure for e-sourcing, e-procurement, and e-trading.

The profitability and value to society of e-commerce can be dramatically increased by fully exploiting advanced methods of e-trading such as new auction types and automated trading.

For example, combinations bidding allows trading partners to express real interests, leading to mutual gains in negotiated deals. Industrial pilot projects in major industries show savings of 5-10% that cannot be achieved by conventional e-auctions.

Automated trading enables fast and cost-efficient markets in more fine-grained goods, such as electricity and network capacity. It can also apply sophisticated optimisation methods, e.g., for procuring the best combinations of goods on multiple markets.

Researchers

Arne Andersson, Prof. (project leader; principal investigator, combinatorial auctions)
Sverker Janson, Ph.D. (principal investigator, agent-based systems)
Erik Aurell, Ph.D., Docent (principal investigator, automatic markets)
Joakim Eriksson, M.Sc. (Ph.D. student)
Niclas Finne, M.Sc. (Ph.D. student)
Lars Rasmusson, M.Sc. (Ph.D. student)
Jim Holmström, M.Sc. (Ph.D. student)