At the start of each Spot Market auction, the seller floor price and quantity available for sale are determined by settings in the Seller agent’s valuation window. The seller can only release more bandwidth or remove bandwidth during an auction, in response to changing market conditions, via Buyer agents configured by the seller. Essentially, these Buyer agents contend with actual buyers for bandwidth. Because “real” buyers must out-bid these Buyer agents to obtain the bandwidth they hold, the end result is that bandwidth is withheld from the marketplace until a desired price point is reached.
Click to view the following topics: