How To Participate In Electronic Trading

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How To Participate In Electronic Trading
How To Participate In Electronic Trading

Video: How To Participate In Electronic Trading

Video: How To Participate In Electronic Trading
Video: Trading 101: How Online Brokers Work. Why You Need One. 2024, April
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Electronic bidding is an auction in which bids are submitted via the Internet. Participants can follow competitors' proposals on the website and submit their own. The site through which trades take place is called an electronic trading platform (ETP). Electronic auctions have acquired particular relevance in connection with government orders.

How to participate in electronic trading
How to participate in electronic trading

Instructions

Step 1

Get an electronic digital signature (EDS). It is needed for the implementation of electronic document management on the ETP website. The signature is issued by special authorized certification centers. You can familiarize yourself with the procedure for obtaining an EDS and the list of documents required to obtain it on the website of the center you have chosen.

In the course of electronic trading, according to the legislation of the Russian Federation, an offer certified with a digital signature acquires legal significance.

Step 2

Go through the authorization on the operator's website (ETP). Usually there is a special section for this "Registration of the participant".

Step 3

Pass the participant's accreditation on the ETP website. The list of documents required for this can be found on the website. Scan documents. In the "Accreditation" section, fill out the accreditation application form, attach scanned copies to the application, sign their EDS and send them to the operator. You will receive notification of accreditation or refusal within 5 working days. In case of a positive decision, the operator will also send you the account details for conducting operations to secure an application for participation in electronic auctions.

Step 4

Apply to bid. In accordance with the requirements of the documentation for an open auction, form the first and second parts of the application. Scan the necessary documents, sign their EDS and send the application to the operator. The operator will check the application and the availability of collateral on your account within an hour. Before the deadline for submission of applications, you can send a request to the operator for clarification of the provisions of the auction documentation. You can also find explanations on the ETP website.

Your application for participation will be considered by the Auction Commission. She will decide to admit you to the auction. You can familiarize yourself with the decision on the ETP website. The operator will also send you a notification.

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