Buyers register their product interest with the Trading Floor.
Traders then “make the call” and accept Seller enquiries from other Traders on the Floor.
Traders will advise buyers of “product spread” being volume, pricing & any other relevant information pertaining to their request.
When product is engaged by a Buyer the Seller is advised promptly of “Trade In Progress”.
In the interests of good business practices Buyers and Sellers are asked to respond promptly to any call made by The Trader.
Once price and terms have been struck the Trading Floor issues a Sale Notice to both parties, which confirms the relevant details of the Trade Deal. At this point the Trading Floors activity it is now concluded and it is over to the Members to finalise freight and suitable credit terms.