The realization of service-oriented e-Marketplaces

Abstract

Electronic Marketplaces (or e-Marketplaces) require technologies which provide support for the adaptability, flexibility and the integration of business applications in order to meet rapid changes in business environment. Traditional web technologies are unable to meet the new business requirements which are derived from the rapid growth of e-Marketplaces. In this research, a service-oriented framework is proposed in order to address the issues associated with the development of e-Marketplaces. Specifically, it introduces a generic trading model oriented to e-Marketplaces so as to overcome the inadequacy of existing models and to facilitate the development of a computational trading process. In the proposed framework, required services are identified through the utilization of the business-centric trading model. Using a service metamodel, services are equipped with intelligence such that they work seamlessly and coherently within and across e-Marketplaces. A multi-model driven integrated development platform has been developed to support the proposed models and framework. The proposed framework and concepts have been validated through a case study of a mutual funds auction in an e-Marketplace. © Springer Science+Business Media, LLC 2006.