Trading Modes

Trading Modes

SPIMEX supports the following trading modes:

  • Double-sided auctions.
    It’s the main mode on the Petroleum Products Section where buyers and sellers place their orders anonymously via the SPIMEX electronic trading system, i.e. traders’ IDs are concealed.
  • Negotiated trades.
    This mode allows traders to close deals privately with a specific counterparty on previously agreed terms.
  • Single-sided auctions.
    This mode features either a single seller (and multiple buyers) or a single buyer (and multiple sellers).

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