Today’s financial electronic markets are a result of theremarkable development in information technology during thelast years. With the growth of electronization in financialmarkets and the establishment of new electronic tradingservices the design of the market structure moved in the focusof...

The success of electronic markets does not only hinge uponscalable IT platforms combined with extensive marketingcampaigns. Scientists and practitioners tend to agree thatelectronic markets have to be carefully designed, since evensmall failures in design decide on the overall success orfailure...