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Auction System SAS, NAS
Application Background
Auction system of HEADING applies to all kinds of trading market.

Brief View
Auction system supports continuous auctions for many times, fixed cycle auction at all kinds of exchanges. It leads a safe and fluent auction flow and ensures ¡°just, fair and open¡± in the auction process.

There are two types of auction systems: standalone auction system (SAS) and network auction system (NAS).SAS achieves the key functions of auction system while NAS adds network functions. See detail in ¡°network auction system¡± in ¡°Function & Feature¡±.


Key Functions£º
# Auction management: manage auction special session, auction project, auction host and auction participant. The system can set up flexible regulations and gives the auction process strict supervision ;
# Host terminal: the host will control the auction special session and process;
# Client terminal: is used by auction participants. Before auction, it informs auction notice, auction project. In auction process, it informs the highest price and one¡¯s history price. So as to help the auction participants make correct decisions;
# Big screen terminal: is used for displaying the current auction project¡¯s situation, including regulations, the highest price in process, dynamic histories, count down and completion of the auction.


Function & Feature
# Easy to operate: auction administrator, host, participants and easily master the operations in standard Windows interface ;
# Support stimulation: before formal auction, participant can simulate the auction process. Stimulation information can be canceled at anytime;
# Flexible regulation: support different auction regulation set-up, e.g. response time, scope of added price, way of added price and so on;
# Flexible control: the host can stop/recover the auction at any time, participants can also stop auction if the regulation permits;
# Real-time synchronization: display the current auction state at all terminals to avoid the artificial disputes;
# Unlimited auction: can add price for unlimited times;
# Professional atmosphere: connect to many big screens with perfect sound effects, to create professional atmosphere in auction process;
# Complete files: the host can instantly print all kinds of evidence files after auction, to guarantee the validation of the auction results;
# Network auction: NAS has features as below:
* Support second level system, which can add participants in the designated project;
* Support allopatry auction at the same time.


Illustration of the Auction System£º
Client terminal:





 

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