Your market objectives determine whether an auction or exchange solution is right for you. Exchanges are used for standarized deals where price and quantity are displayed to all market participants. In our auction solution buyers or sellers specify the quantity, location, delivery range, pricing method, and any other attribute, but not price.
Bidders enter their prices based on the user-specified criteria.
Winners can be manually or automatically selected. The following chart will help you decide what is best for you. The duration of any auction is created by the initiator of the auction. Choose any time frame to meet your needs. The Exchange back-office will handle contract management and even billing if you choose.