Framework
The Market Engineering Framework takes into account the various aspects of market engineering. The Market Engineering Framework diagram depicts the building blocks that form the framework. The framework operates in the economic and legal environment in which it is situated. This effects the operations of all other portions of the framework. The transaction object represents the interface between market operators and the individual components of the market (market microstructure, IT-infrastructure and the business infrastructure) (Weinhardt et al. 2003, Neumann 2004).
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