Participate in real-time forward and reverse auctions with transparent bidding, instant notifications, and full audit-trail records.
The Live Auctions module features real-time forward and reverse auctions powered by WebSocket technology for instant bid updates without page refreshes. Sellers list bulk inventory in forward auctions; buyers post reverse auctions that invite suppliers to compete on price.
Each auction has transparent bid histories, countdown timers, reserve prices, auto-bid functionality, and instant push notifications. Participants receive alerts the moment a bid is placed or when they are outbid, ensuring no opportunity is missed.
All auction events are recorded with a full, immutable audit trail — bid amounts, timestamps, and participant details — ensuring fairness, regulatory traceability, and dispute-free settlements.
Submit an RFQ today and we'll guide you through every step of the process.
