Faq

FAQ

Who can register?
Those firms producing agricultural products and foodstuff, and those operating in the trading of such products, which are members of the Izmir Commodity Exchange. And / or of the chambers, exchanges and professional organisations cooperating with the Izmir Commodity Exchange can register to the system.

Those firms that are members to any chambers, exchanges and professional organisations not cooperating with the Izmir Commodity Exchange and those that are not members to any chambers, exchanges and professional organisations can file an application for membership. However, the membership of such firms is decided upon by the site administrator.  
How to be a member?

The sign Up form as contained on the home page is completed in order to be a member to the site. Once the request for membership has been confirmed by the website administrator, a confirmation e-mail is sent to your e-mail address. 

Do I need to pay for membership and any transactions on the website?

No payment is requested for membership, product showcase and auctions.

What is a store?

A store is the section where the profile of the members is located. It is possible to access to the information about the firm of a member, his showcase products and the auctions held in his store.

What is a showcase product?

"Showcase products" is the section where the members display and offer for sale their products out of auctions. In this section, information and data about the products, and their prices are indicated. Those firms that are willing to purchase such products may contact with the trader.

How to add a showcase product?

A member can add showcase products by entering all mandatory information in the “Add Product” section in his own store page after logging into the system.

What is an auction?

It is an auction announced on public auction basis by a member from a starting price for any product which he wants to sell in a certain period of time.

What is a reverse auction?

It is a reverse auction announced on Dutch auction basis by a member from a starting price for any product which he wants to purchase in a certain period of time.

How to announce an auction?

A member can announce an auction by filling the mandatory information required by the "Open An Auction" section in the control panel.

What does the "Upper Price Limit" mean in auctions?

It is not necessary to fix an “Upper Price Limit” in each and every auction. Any bid placed at the upper price limit in an auction does not mean that the member placing the bid will be awarded the contract.

 

The "Upper Price Limit" set for the auctions indicates the price, for which the auction holders are ready to sell their products right away.

What does the "Lower Price Limit" mean in auctions?

The "Lower Price Limit" set for the reverse auctions indicates the price, for which the reverse auction holders are ready to purchase the product in question immediately. It is not necessary to fix a “Lower Limit Price” in each and every reverse auction. Any bid placed at the lower price limit in a reverse auction does not mean that the member placing the bid will be awarded the contract.

Can an announced auction be cancelled?

Any reverse auction or auction announced can be cancelled prior to the deadline for the bids provided that any offer is not bidden by any member. 

Con I sell or purchase products without opening an auction?

The members are allowed to trade products without opening a tender. They can do so by contacting the persons or companies trading under the "showcase products" section.