What is the flow of information in orders (What information does an order include)

08/20/2023 00:17 • Daily Digest • 105 views

What is the flow of information in orders? In the book “The Machine of Trading: Orders as Information Flow,” the author mentions the concept of “information flow.”

When information enters the market, we can define it as the comprehensive volume structure of an institution or organization’s pricing, purchasing behavior, and price changes for a particular product (as shown in the diagram). And after the data changes from being collected by humans to being produced, it completes the decision-making process of the entire system through the data provided to the buyers. This is called the “Automated Market Making” (AMM) model. This model can meet the different needs and requirements of internal personnel and other stakeholders in the enterprise. At the same time, this model can effectively reduce the risk of the enterprise and maximize profits.

Therefore, the concept of “Automated Market Making” has also been proposed for reference:

1. In a trusted execution environment, the interaction between smart contracts and users will bring more efficient and cost-effective network experiences.

2. Communication on the 5G network makes blockchain more secure and reliable.

What information does an order include

In traditional markets, the description of an order can be understood as information that includes both parties to the transaction. For example, we say that when a contract is signed, certain information needs to be provided to the seller and how much cost needs to be paid, etc. However, in most cases, this kind of data involves some basic questions (such as, what goods the customer requests the buyer to deliver), such as price fluctuations, whether there is competition between suppliers and manufacturers, etc. The data on the blockchain also helps to identify potential issues that may exist in the above-mentioned issues: including the transmission of information, execution processes, and finality between trading counterparts; and how to ensure the authenticity and integrity of the order, etc.

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What is the flow of information in orders (What information does an order include)

What information does an order include

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