Market Price
The market price is the price paid for the last unit of bandwidth sold. Under normal operation, all bidders pay this price for the bandwidth they receive. Fluctuations of this price indicate changes in the dynamics of the market—bidders entering or leaving the market or altering their valuation profiles.
The Express interface includes two market price graphs:
· Average market price on an hourly basis.
- Average market price on a daily basis.
You can get various kinds of information from these charts. For example:
- If the market price is at the floor price set by the seller, the demand for bandwidth is less than the supply.
- If the market price is above the floor price set by the seller, all the bandwidth available is being sold.
Fluctuations in the price when it is above the floor price indicate that buyers are changing their bidding behavior within the timeframe shown.