General System Properties:
- Real time
- Networked Markets exchanging spot prices
- Trade online via internet
Mode: Auto-Matching
Method:
- Sellers bring commodities to the marketplace.
- Market sorts classify and weigh the commodities.
- Market sets Matching Boards with starting and ending time.
- Sellers submit their offer prices and volume.
- Buyers submit their bid prices and volume
- When the bid and offer prices match, a contract is created for the particular transaction.