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Main => General Discussion => Topic started by: luckybit on April 04, 2016, 01:10:26 pm

Title: Smart markets
Post by: luckybit on April 04, 2016, 01:10:26 pm

Quote

Smart markets replace multiple double auctions with a sophisticated combinatorial auction as the core mechanism (Phase 2.0).[n] Because double auctions simply sort bids and asks, they are only capable of bilateral order matching on two-sided order books. And since double auctions can only do bilateral order matching, multiple securities must be traded in parallel on disconnected, two-sided order books; an arrangement that fragments liquidity. In contrast, combinatorial auctions solve complex optimization problems, so they can perform multilateral order matching on a united, multi-sided, combinatorial order book. Since multilateral order matching on a combinatorial order book enables multiple securities to be traded together in the same combinatorial auction, smart markets aggregate liquidity.

http://cdetr.io/smart-markets/
https://github.com/cdetrio/smart-markets

Title: Re: Smart markets
Post by: luckybit on April 06, 2016, 02:43:45 am

@xeroc  ? @bytemaster ?

Title: Re: Smart markets
Post by: Pheonike on April 06, 2016, 08:23:45 am

 +5% +5% +5%

Title: Re: Smart markets
Post by: Thom on April 06, 2016, 12:40:40 pm

Checkout his presentation at devcon1 (https://www.youtube.com/watch?v=mAtD0ba-hXU) for a quick, 10 minute synopsis. On his first slide he claims "Continuous auctions are evil, don't use them".

Title: Re: Smart markets
Post by: luckybit on April 06, 2016, 01:53:19 pm

Maybe Bitshares needs smart markets and combinatorial auctions as a way to solve the liquidity issues and also for efficiency.