The Quota Exchange enables producers to buy or sell quota by submitting bids (to purchase) or offers (to sell) at their desired prices. The system matches these bids and offers based on supply and demand to determine a clearing price — the price at which quota is successfully exchanged. The exchange effective dates are set on the creation of the quota exchange for quota purchases or sales (see Quota Exchange Parameters for more information.)
During the Open and Closed stages, administrators can monitor and manage all bid and offer listings to ensure accuracy and completeness. Producers can create or edit their submissions only while the exchange is Open, while administrators maintain oversight and can make necessary adjustments during both statuses to support an accurate and orderly exchange process.
Note: All changes or cancellations by producers must be made before the advertised closed date of the exchange period.