As soon as a Buyer meets the Seller's requirements, the transaction is completed and the seller is notified. Buyer bids on product being offered by Seller. Seller's offer includes gallons, rack location, product type, expiration time of the auction. The seller may also enter a stop price below which seller is not willing to sell. Once the auction expires, The Exchange immediately selects the highest bid and notifies both parties of a completed transaction.
Seller posts an offer to sell fuel and receives bids from buyers.
The offer includes product type, quantity, rack location, lifting date, and the expiration time of the auction. The seller may also enter a stop price below which seller is not willing to sell. Once the auction expires, The Exchange immediately selects the highest bid and notifies both parties of a completed transaction. Buyer Price-Specified Exchange . Seller views Buyer's offer to purchase fuel at a specified price.