This document discusses using instant messaging (IM) for trading activities. It provides an overview of different trading markets and how brokers currently use voice and IM to communicate with traders. It then describes how electronic trading services could be implemented over IM using XMPP and F# agents to allow brokers to broadcast prices and receive orders from traders.
4. Trading 101: Match buyers and sellers Bids and Asks
5. Broker workflows Broker broadcasts prices to Traders Squawk Voice IM Broker enters prices and deals From voice From IM
6. Future Trading Airline needs to buy fuel, lock prices Reduce risk Oil producer needs to agree a price at which it is economical to extract and enrich
7. Electronic Services on IM Brokers Blast prices to traders Insert prices from traders Traders Same interface Improved services, subscribe to prices STP Deal confirmation