Trading at BetFair betting exchange with Apache SCXML
The main concept of trading is to buy at low price and to sell at high price, e.g. to buy/sell shares at a stock exchange. Similar idea is behind a betting exchange, but instead of shares issued by companies there are horse racing, tennis and football markets, instead of buying/selling shares, bets are placed. For example if two bets are placed on the same horse in a horse race, one bet at a lower price that the horse will lose and second bet at a higher price that the horse will win ,then whether or not a horse is a winner there is always a profit from these two bets.
State Chart XML (SCXML) is currently a Working Draft published by the World Wide Web Consortium (W3C). SCXML provides a generic state-machine based execution environment based on Harel State Tables. SCXML is a candidate for the control language within multiple markup languages coming out of the W3C (see Working Draft for details). Commons SCXML is an implementation aimed at creating and maintaining a Java SCXML engine capable of executing a state machine defined using a SCXML document, while abstracting out the environment interfaces.
State Chart XML (SCXML) is currently a Working Draft published by the World Wide Web Consortium (W3C). SCXML provides a generic state-machine based execution environment based on Harel State Tables. SCXML is a candidate for the control language within multiple markup languages coming out of the W3C (see Working Draft for details). Commons SCXML is an implementation aimed at creating and maintaining a Java SCXML engine capable of executing a state machine defined using a SCXML document, while abstracting out the environment interfaces.