Main Page
From P-MART wiki
(→Market models) |
|||
| Line 41: | Line 41: | ||
The mechanism behind the market exchange and pricing may be: | The mechanism behind the market exchange and pricing may be: | ||
| + | * '''[[:Category:Continuous Double Auction (CDA)|Continuous Double-Auction (CDA)]]''' - buyers bid prices up and sellers bid prices down until a consensus is reached. CDA can be implemented with or without an automatic market maker. | ||
| + | * '''[[:Category:Market Scoring Rules (MSR)|Market Scoring Rules (MSR)]]''' – all traders can continuously update their score rating i.e. the estimates of the probabilities of the event, and the underlying pricing function calculates the new probabilities (price). The model implements an automatic market maker. | ||
| + | * '''[[:Category:Dynamic Pari-Mutuel (DPM)|Dynamic Pari-Mutuel (DPM)]]''' – in a pari-mutuel model, all bets are placed in a pool which is later divided between the winners. This model takes the form of a continuous pari-mutuel system. | ||
=== Security types === | === Security types === | ||
