Bidding Management
QR Scheduling System offers comprehensive real-time Bid Management facilities.
- You can define and submit, Standing Offers, that are bids or nominations for given forward submission periods (1/4, 1/2 or 1 hourly, or daily), or per blocks of periods covering entire days. This allows for bulk bidding/nomination data entry. Typically ISOs demand such submissions for at least 30 days ahead to qualify for trading.
- As actual delivery nears, you can actively trade your positions by continually creating and submitting Variation Offers, by editing an existing offer for a given period individually, to refine your strategy and adapting it to current market prices and conditions.
- Existing templates may be copied, modified and deleted, like Excel spreadsheets, in a split second, using a convenient editor, providing the user a very fast environment to make and submit bids so as to not miss any opportunity.
- Bid validation happens real-time to ensure the bids entered adhere to the rules of the ISO within which the submission is made. Invalid bids are highlighted in red on the interface and not actually saved in the db. They can instantly be corrected and resubmitted. All market rules are entered as constraints right into the interface. No invalid bid can enter or leave the system.
- Bids can be exported in CSV and submitted manually to any portal offered by the market authority, or if web-services are available, submission can be made electronically right from the interface with a simple mouse click.
