Research Of Bidding Strategies On Continuous Double Auction

Continuous double auction market is formed by the seller and the buyer local market in the original informal way, it has been widely used in securities, stock, merchandise online trading market, which is one of the most widely organizational form used in the field of transaction. Furthermore, because of its unique properties and its market trading mechanism, continuous double auction has become the most popular research fields in the auction market.There are many buyers and sellers in Continuous double auction market, the two sides in such a dynamic and uncertain market in competition with each other through a series of complicated decision-making process, and finally gain maximum profit in the market. The process includes selecting the timing and level of the quotation, the judgment of price advantage, the acceptable price conditions, etc., these decision problems throughout the beginning and end of the continuous double auction market.Buyers and sellers are influenced by numerous continuous double auction market environment factors when making decisions. Such as, when the buyer has a choice of selecting offer or acceptance the quotation of sellers, it should consider the probable quotation both the buyer and the seller. The seller is as the same step with the buyer.In the summary on the basis of former research about continuous double auction market, using the simulation technology to build continuous double auction market model. A simulation model based on the continuous double auction market behavior research, the main work and innovations are as follows:Using the concept of market power, combined with continuous double auction market environment, the continuous double auction market is given in the calculation model in the market, and to use this model to simulate the continuous double auction market preliminary qualitative classification, and then use different simulation strategies in the division of the market environment, through the different of the deviation of the Marshall to illustrate the qualitative division of the market environment is reasonable.The trading strategy is divided into offer timing and two steps, offer time to build a simple model, by using this model to modify existing strategy, through the simulation system is limited, one of the aspects respectively to test the offer time and the impact on the efficiency of the market.Using simulation strategy to build a clinch a deal the price in line with the random walk model of continuous double auction market environment, to this kind of market environment, buyers and sellers market participants to study individual profits, at most, low-price bidding strategies, using data analysis shows that, at the low price strategy can be to get more than continuous double auction "benchmark strategy" individual income.In view of the uncertainty continuous double auction market decision, according to the Hurwicz principle of uncertain decision design conforms to the continuous double auction market environment of dynamic Hurwicz bidding strategies. Dynamic Hurwicz quotation strategy is verified by simulation experiment, has obvious advantages in terms of individual profit.