General System Properties:

1. Real time
2. Networked Markets exchanging spot prices
3. Trade online via internet

Mode: Live Negotiation
Method:

1. Buyers or Sellers can submit their offers into the system by completing a form online.
2. Any one in the target group can respond by accepting the offer or make a counter offer.
3. A private negotiation may be carried out until both sides agree to the same terms.
4. A contract is created for both parties.
5. This mode is suitable for a forward contract.