Bid

You can view and accept bids through the following screens: Terminal Activity Bid Minder

When the seller does not have adequate inventory listed on the DTN Exchange to fill a market order, the buyer will have the option to place a bid for the remaining inventory.  At this point, the market order becomes a bid. The matching logic for these types of bids is as follows: If the seller’s

While the bid status is active, the buyer can edit, suspend, or cancel the bid.

The status of a bid is active on the DTN Exchange until the trade matches. A bid’s status will change from active to matched when either the seller manually accepts the bid or when the seller’s offer price moves down to equal the bid price, depending on how the Seller has set up his/her system. Sellers can use the Terminal Activity

A buyer can bid below the seller’s offer price to take advantage of a softening market or to enjoy large quantity discounts.

A bid is a response by a buyer to an offer made by a seller that is lower than the seller’s offer price.