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Zaraba method

What is 'Zaraba method'

A method of matching orders that involves using an auction-like process to trade securities. The orders are organized by both their prices and the time that they were taken. As soon as an order for a security is delivered, it is compared and matched with orders already in the order book. When a bid comes in that matches the price requested by another order, the two orders are executed and taken out of the order book.

Explaining 'Zaraba method'

The zaraba method is most often associated with the Japanese stock exchanges. Typically, the zaraba method is used during normal trading sessions, whereas a different order matching method, which is called the itayose method, is used to determine the opening and closing prices for each morning and afternoon trading session.


Further Reading


Development of an Artificial Market System for Analysis of Institutional Issues in Financial Markets
www.jstage.jst.go.jp [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

Matching Mechanism Differences Between Classical and Financial MarketsMatching Mechanism Differences Between Classical and Financial Markets
link.springer.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

An artificial market approach to institutional design for thin marketsAn artificial market approach to institutional design for thin markets
ieeexplore.ieee.org [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

Economic linkages across commodity futures: Hedging and trading implicationsEconomic linkages across commodity futures: Hedging and trading implications
www.sciencedirect.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

The Japanese equity market: Past and presentThe Japanese equity market: Past and present
www.sciencedirect.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

U-Mart: 20-Year Experience of an Artificial Market StudyU-Mart: 20-Year Experience of an Artificial Market Study
link.springer.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

Characteristics of Japanese finance: A review and introductionCharacteristics of Japanese finance: A review and introduction
www.sciencedirect.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …

U-Mart system: a market simulator for analyzing and designing institutionsU-Mart system: a market simulator for analyzing and designing institutions
link.springer.com [PDF]
… The U-Mart Project for an artificial-intelligence-based market, addressed in this book, is a compelling challenge for grasping this new approach and satisfying HFT's many requirements … 2). The version that supports the Zaraba trading method was developed later (U-Mart …


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