Where can I accept a bid?
Reading Time: < 1 minuteYou can view and accept bids through the following screens: Terminal Activity Bid Minder
Read MoreWhat happens to a bid when the seller does not have enough inventory?
Reading Time: < 1 minuteWhen 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
Read MoreCan a buyer change or cancel a bid?
Reading Time: < 1 minuteWhile the bid status is active, the buyer can edit, suspend, or cancel the bid.
Read MoreWhen does a bid “match”?
Reading Time: < 1 minuteThe 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
Read MoreWhy would a buyer submit a bid?
Reading Time: < 1 minuteA buyer can bid below the seller’s offer price to take advantage of a softening market or to enjoy large quantity discounts.
Read MoreWhat is a bid?
Reading Time: < 1 minuteA bid is a response by a buyer to an offer made by a seller that is lower than the seller’s offer price.
Read MoreCan a matched trade be edited or canceled?
Reading Time: < 1 minuteOnce a trade is matched, it cannot be edited or canceled through the DTN Exchange.
Read MoreWhat happens when a Market Order becomes a matched trade?
Reading Time: < 1 minuteThe 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.
Read MoreWhat is DTN Exchange’s matching logic for Market Orders?
Reading Time: < 1 minuteDTN 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
Read MoreWhen does a Market Order become a matched trade?
Reading Time: < 1 minuteOnce a buyer confirms a market order, the trade happens instantly, according to the matching logic.
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