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<p>of a process as depicted in Market Engineering Process diagram. Taking into account the objectives of the new electronic markets, the requirements of the new electronic market are deduced in the first stage. Subsequently, the new market is designed with simultaneous consideration of the transaction object, the <a href="page.php?w=market_microstructure">market microstructure</a>, the <a href="page.php?w=IT_infrastructure">IT infrastructure</a>, and the <a href="page.php?w=business_model">business model</a>. In the third stage, the mechanism is</p><p>
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