How To Conduct Electronic Trading

Table of contents:

How To Conduct Electronic Trading
How To Conduct Electronic Trading

Video: How To Conduct Electronic Trading

Video: How To Conduct Electronic Trading
Video: Electronic Trading Systems Architecture overview: OMS/EMS/Market Data/Surveillance 2024, November
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Electronic bidding implies a system of interaction between the consumer and the contractor, the seller and the buyer, via the Internet. The customer in such tenders is, as a rule, state and municipal institutions, while the executors are in the process of conducting these very electronic tenders.

How to conduct electronic trading
How to conduct electronic trading

Instructions

Step 1

The advantages of such a system are that both the customer and the contractor, in addition to saving their time, are also able to realize and, accordingly, purchase real estate, other objects or services with profit for themselves. You should be aware that the main difference between electronic auctions and regular auctions is that on the Internet, auctions are held to decrease the cost, not to increase it.

Step 2

How to conduct electronic trading. I would like to note right away that all actions of auctions (tenders) taking place on the Internet are regulated by the current legislation.

Step 3

Bidding is carried out only on accredited electronic trading platforms provided for this. Such a platform (Internet resource) must comply with all the norms and requirements of the law, must provide convenient and most importantly secure interaction between all bidders from the beginning to the end of the transaction.

So, how to conduct electronic trading, rules of conduct.

Step 4

You must register on the electronic platform where the auction you are interested in will be held.

It is necessary to create an EDS (electronic digital signature).

Step 5

From the very beginning of the auction and throughout its entire duration, you can submit your price offers, which will not exceed the declared value of the contract. Moreover, if the proposal has already been made by another participant, then yours should not exceed it. Remember, you make your suggestions repeatedly.

Step 6

The auction is considered completed and the electronic auction is terminated if within a certain time, as a rule, it is 1 hour from the start of the auction or after the last submitted offer from the participant, no more new applications for a lower price have been received.

Step 7

At the end of the auction, the winner is determined and the participant who made the best offer at the price, which followed the winner's offer. The winner in the electronic auction is the participant who offered the lowest contract price.

Step 8

Within a few minutes after the auction, you will receive a notification (protocol) by e-mail about the results of electronic trading.

It should be noted that electronic trading makes it possible to develop more quickly not only for large objects, but also for small businesses.

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