Market Order

Once a trade is matched, it cannot be edited or canceled through the DTN Exchange.

The DTN Exchange system performs the following: Updates the status of the trade on the Market Summary, Bids Overview (if applicable), Hedge Minder, Hedge Meter, Terminal Activity, and Report screens. Sends a trade notification to both the buyer and seller. Reduces inventory levels on the Inventory and Market Summary screens.

DTN Exchange rules for Market Orders are similar to those generally accepted for stock market trading. That is, a buyer’s order is matched at the most current price recorded at the time the order is confirmed. This may be higher or lower than the seller’s offer price displayed on the screen at the time of

Once a buyer confirms a market order, the trade happens instantly, according to the matching logic.

If 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 seller’s remaining inventory. At this point, the market order becomes a bid.

Buyers can place a market order at the seller’s offer price, as long as the following requirements are met: The seller has set the offer to be available for market orders. The buyer’s order quantity must be equal to or greater than the minimum order quantity set by the seller. The buyer’s order quantity is

Market orders are used by partner or authorized buyers for placing an order at the seller’s offered price. A prompt market order is an order for currently available product at the currently published price as offered by a seller partner. A forward market order is an order for products that will be available for specified amounts and a specified price