There is increasing interest in the creation of innovative markets in which a growing array of assets can be traded in a growing array of modes. Today, many assets are still traded “manually” via phone, fax, and other inefficient methods because the existing electronic exchanges cannot meet special requirements. Electronic trading environments that bring innovative trading processes together with the efficiencies of rapid negotiation and bilateral, contractual settlement are in demand.
EdgeNode is an ideal platform for creating and operating these electronic markets. It overcomes the privacy issues that are inherent in centralized designs, and is critical to moving beyond the traditional electronic trading market model. It allows distributed processing with centralized control that can be important in implementing innovative trading processes.
In particular, using EdgeNode as a platform enables Service Providers to create and cost-effectively operate innovative trading solutions that allow flexible configuration of trading partners (one to one, one to many, many to many), direct selection of trading partners (closed groups), and anonymous or known parties, among other capabilities. EdgeNode’s distributed peer-to-peer architecture, advanced data and transaction privacy, unique multi-step transaction capability, and distributed message transformation capabilities enable innovative solutions to be easily implemented and integrated with existing trader workstation environments. |
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