A service-oriented architecture for financial business processes |
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Authors: | Fethi A Rabhi Hairong Yu Feras T Dabous Sunny Y Wu |
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Affiliation: | 1. School of Information Systems, Technology and Management, University of New South Wales, Sydney, NSW, 2052, Australia 2. College of Computer Science and Information Technology, Abu Dhabi University, Abu Dhabi, United Arab Emirates
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Abstract: | Recent years have witnessed a tremendous growth in information and communication technologies that facilitate the design and
implementation of complex inter-enterprise business processes. One of the major innovations is the concept of service-oriented
architectures which considers software systems as being made up with autonomous, dynamic, loosely coupled and service-based
components. This paper describes an attempt to automate financial business processes by utilizing a number of basic and composite
services. As a case study, the paper describes the implementation of a realistic business process that is related to simulating
a trading strategy in capital markets. An evaluation of the appropriateness of service-oriented architectures is conducted
taking into account a number of factors such as flexibility, performance and development costs. |
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