Agent-mediated bond trading

In bond markets, most trades are conducted via bilateral negotiations or th e use of brokers. Especially in the case of large blocks, the anonymity of the traders is very important. In a joint project of Deutsche Borse AG, Com paq Computer GmbH, living systems AG and the chair Of Information Systems o f the University of Giessen, a trading system was modeled and implemented w hich allows the identification of potential trading partners within an anon ymous market. Software agents represent the orders and try to match both, p roducts and partners. Alternative pricing mechanisms were realised. The arc hitecture is based upon the FIPA-specification. The system was modeled obje ct-oriented and implemented in Java.