Auctions are a
flexible pricing mechanism and a valuable tool to achieve competitive prices.
Their use depends on the market situation. myFutura therefore has different
auction instruments so that they can always react flexibly to different
economic and market situations.
English Auction (reverse)
The English auction is designed for falling prices. When the initial price
is known, bidders can place a bid which must be lower than the currently called
price by a predefined percentage.
Dutch auction (reverse)
The Dutch auction is about rising prices. Here the price
automatically rises at regular intervals with a certain margin, predefined by
the buyer. The bidder who confirms a price first, wins the auction.