Stock Exchange-Like E-Commerce App Launched
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Internet start-up @TheMoment Inc. launched with its flagship product, called Live Dynamic Trading Suite, which enables the trading of goods and services like shares on a stock exchange.
@TheMoment said the product suite enables forward and reverse auctions, weighted multi-criteria exchange and live trading. Users can buy, sell and bid on dynamically priced goods at the moment -- like traders on a stock exchange.
The technology allows all users to receive instant updates on market information via the interface. The scaleable platform can handle up to 10,000 traders per second, the company said.
"The economy is moving toward dynamic pricing as a more efficient way to buy and sell goods and services, especially perishable goods. Our Live Dynamic Trading Suite will allow e-commerce sites, and consumers, to experience truly efficient live markets."