What happens to a bid when the seller does not have enough inventory?

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 offer price is equal to the buyer’s bid price, the bid will automatically match at the equal price.
• If the seller’s offer price has moved down with the market, the bid will automatically match at the lower seller’s offer price, since the DTN Exchange matches at the lower price.
• If a seller’s offer price has moved up with the market, a seller can decide to manually accept the bid from the buyer, even if the bid price is lower than the seller’s current offer price. This can be done either in the Terminal Activity or High Bids Overview screens.