Information Technology Reference
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A simple simulation experiment shows the impact of consortium on volume matching. This is not a
complete simulation with agent generation using agent technologies, but a simple spreadsheet example
using trading matches. The trading volume offers of ten sellers and ten buyers are randomly generated
in Excel using the random number generators provided by Excel. Trading volumes are generated in
multiples of 10 for simplicity. The trading offers are matched first by a direct match of trading volumes.
The remaining offers are matched by a consortium, either of sellers to match a buyer, or of buyers to
match a seller, or of both. The uncertainty of a result using random number generation is resolved by
repeating the process 10 times, in 10 cases. The results are shown in Table 7, with the summary results
in Table 8. It may be seen that consortium is never less than direct matching in generating trading
volume. There is only one case of the 10 in which consortium does no better than direct matching. In
every other case, consortium is an improvement in volume ranging from small to substantial. This is a
clear indication of the benefits of the proposed consortium approach.
Table 7. Experimental results for trading volumes with and without consortium
Case 1.
Price is fixed
Seller ID
Volume
Buyer ID
Volume
S
0
B
0
S
0
B
0
S
00
B
0
S
0
B
0
S
00
B
0
S
0
B
0
S
0
B
0
S
0
B
0
S
00
B
00
S0
0
B0
00
Matching without Consortium
Matching with Consortium
Seller
Buyer
Trading Volume
Seller
Buyer
Trading Volume
S1
B3
50
S1
B3
50
S4
B7
50
S4
B7
50
{S2,S6}
B9
300
S3
{B1,B2,B4,B6}
100
S5
{B6,B8}
100
{S7,S9,S10}
B10
200
Total Volume
100
Total Volume
800
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