[ https://issues.oasis-open.org/browse/ENERGYINTEROP-673?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
William Cox updated ENERGYINTEROP-673:
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Resolution:
Updated introduction on use of Actor and Facet terminology throughout
Expanded existing text on when and how to use a market ID as a counterparty, including when a group matching approach is used.
> Bias in Matching Algorithm
> --------------------------
>
> Key: ENERGYINTEROP-673
> URL: https://issues.oasis-open.org/browse/ENERGYINTEROP-673
> Project: OASIS Energy Interoperation TC
> Issue Type: Bug
> Components: cts
> Affects Versions: CTSPR01
> Environment: Trevor Hardy, PNNL https://lists.oasis-open.org/archives/energyinterop-comment/202111/msg00000.html
> Reporter: Toby Considine
> Assignee: William Cox
> Priority: Critical
> Labels: CLARITY, MARKET
> Fix For: ctsWD14
>
>
> page 16 line 261-262
> It has already been stated that CTS does not prescribe the nature of the matching engine but doesn't the definition of part and counter-party at least strongly imply some kind of matched bi-lateral trade? Double-auctions can artificially create the appearance of bi-lateral trades after the clearing price and quantity have been established but it would be a layer of artifice. For the concept of "party" and "counter-party" to be an integral part of CTS seems to heavily lean towards bi-lateral matching engines.
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