Secure + Simple = Efficient
The appropriate choice of market design maximizes the gain from efficient trade in a
cost efficient * way. The cost efficiency follows directly from the secure and simple market design solution. Where central coordination reduces the cost of finding the right match and price, the innovative implementation and execution makes administration more
cost efficient.
No private information is available at any time, for which reason security policies are simplified. This makes it possible not only to reduce administrative costs but also to distribute it. After having found the right matches and prices, the result is made public to the parties involved while the private information remains encrypted forever. Therefore, the surrounding administration involves no confidentiality concerns as such and may be handled by anyone - for instance the market participants themselves.
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