An application of the Reference Model for Open Distributed Processing to electronic brokerage

Abstract

This paper presents the design of an Architecture for Electronic Brokerage Systems (AEBS). This architecture is based on the Reference Model for Open Distributed Processing (RM-ODP) model. It specifies a brokerage system from five RM-ODP viewpoints. AEBS include a generic model of electronic brokerage. It defines protocols and interfaces between actors. It enables communication between actors via an advanced object-oriented interface (defined in terms of the Common Object Request Broker Architecture (CORBA) technology) as well as using traditional trading protocols. These interfaces allow a broker to operate in both the rapidly developing object-oriented CORBA environment and the electronic markets based on customary protocols. CORBA was also used for the design of the internal object model and internal interfaces of a brokerage system. This paper focuses primarily on the specification of the AEBS architecture from the enterprise and computational viewpoints of the RM-ODP model.