These rules promulgate the process of bidding, buying, offering and selling tickets, the transaction process, the fulfillment process, the fee structure, the payment process and the recourse process. The Rules of the Exchange guide member behavior, insure the credibility of the market and protect the integrity of the exchange. These rules are an integral part of the User Agreement and all members of the exchange agree to accept and adhere to these Rules. Definition of a Market Definition of a Trade Buying and Bidding Selling and Offering Standard Settlement Procedures Fees and Payment Dispute Resolution Program 1. Users remain anonymous in all markets.
Market depth is defined as the number of buyers and sellers within a particular region.
Price discovery occurs when buyers and sellers agree on a price at or between the highest bid and lowest offer to complete a trade. Therefore, no buyer pays more than the lowest offer and no seller receives less than the highest bid. Those seats are contiguous. Market Prices Posted on a Per Single Ticket Basis All ticket prices are listed in the market on a per single ticket price basis. Definition of a Trade A Trade is a binding contract between a Buyer and a Seller to exchange tickets at an agreed upon price.