The Internet has been a commonly
accepted means of technologyto conduct dailyactivities, the growth of the
Internet since thestarting of a new millennium has beenextraordinary and it has
created a new type of commerce: Trading on the internet.
An online trading system is an
electronic marketplace where clients can connect and post orders to trade goods
and services they can also buy and sell specified products.The trading system
deploys a gateway for clients to connect to the trading server and send and
receive messages.The trading server, or trading engine, is responsible for
processing new orders received, placing them in an order book and executing a
matching function on the order book. These functions occur whenever the trading
server receives a new order.
The trading system accepts orders
from clients, sending acknowledgements, ACK’s, or negative acknowledgements
NACK’s, in response to communicate receipt of the order or rejection of the
order to a given client.If the match function results in actual matches of
buyers and sellers, the trading engine will communicate fill messages back to
the parties involved in the transaction. Normally this would be a secure
communication between the server and the individual clients involved in the
transaction, but this specification only requires that the fill message contain
unique identifiers for the buyer and seller (and that the buyer and seller
client programs process only the fill information that is related to their
Online trading communities often
have forums and chartrooms designed to facilitate communication between the
An online trading community
provides people with a structured method for trading, bartering, or selling
goods and services. These communities often have forums and chartrooms designed
to facilitate communication between the members.
project provides people with a structured method for trading, bartering,
or selling goods and services. The major modules of the project are:
allows new users to register so as to join the online community. After the
registration, an email confirmation is sent to the email address provided where
verification by email is required. The Login identifies and authenticates the
user through the credentials provided by the user i.e. it allows registered
user to login. After a user is logged in, the user can add any item for trading
to the website. After login, the logout system allows the user to logout to
prevent unauthorized access to a users account.
Username and password recovery
username or password can be recovered through this system. The username or
temporary password will be sent to the users email address.
This system is
designed to facilitate communication between traders. A user that needs more
information about a product can easily send a message to request for more
information. Users can also check received and sent messages.
Multi-level User Authorization system
allow you to control how registered users interact with the site. A page on the
site can be restricted to one or more groups. It permits simultaneous access by
users with different security clearances and prevents users from obtaining
access to information for which they lack authorization, this grants different
users with different access levels i.e. an anonymous (someone not logged on)
user or a logged on user who is not a member of a group a page is restricted
to, will be denied access to the page.
Content Management System (CMS)
management system is included in the admin area, it allows an administrator
with little or no knowledge of web programming languages or markup languages add
new categories and easily edit categories.
Even after the
moderator has approved a product the owner can edit the product to provide
false information. If a customer notices this the product can be reported.
Incorporating customer feedback is an effective approach in
building confidence and trust to new customers. This system allows a
user leave a positive, neutral or negative feedback plus a short comment after
a trade. Positive feedback from other users will increase the level of
trust among new customers.
The major problems faced by the online trading community
Poor transport/ logistics
Transport infrastructure develops simultaneously with transport
services such as trucking services, transport connections, trains, passenger
and cargo flights, postal services and parcel delivery, etc. It is these
services related to the transport infrastructure that will support online trade
and e-commerce. Poor transport systems will affect the delivery of items to
Lack of trust
One of the major problems faced by the online trading community is
the lack of trust. Most people fear the theft of electronic payment details or
not receiving traded items. This is one of the reasons why people prefer to
trade physically than online.
Proving a user is right when a complaint is made that the wrong
item was sent or the item received was damaged.
Providing a way to return a user’s item if the wrong item was sent
or the item was damaged.
The objectives of this project are as follows:
To provide a structured method for people
to be able to trade their goods for other peoples goods.
To develop a community where people can
easily find other people willing to accept their trade with convenience.
To developed a platform where trading can
be done anywhere, at any time and at the convenience of the traders.
To have a large community, so that users to
choose the best offer out of several offers.
To make easy for traders to send and
receive their traded items.
To provide a customer feedback to help
boost confidence and trust among traders.
1.4SCOPE OF THE STUDY
This project research will cover these following areas:
This project covers trading of goods or services
must give users convenient and effective ways to trade items.
Friendly interfaces are also necessary in
Focused on providing a secure system for
Make easy to manage the content of the
This project covers online advertisement,
allowing people to advertise their products online