Commodity Auction Platform
Digitalize your spot markets with our enterprise-grade Commodity Auction Software.
Digitize Your MarketNext-Gen Spot Market Technology
Traditional open-outcry auctions are inefficient. Garxly's Commodity Auction Platform brings transparency and speed to physical commodity exchanges, fish markets, and flower auctions worldwide.
Electronic Bidding
Real-time bidding engines support English, Dutch, and Sealed-bid auction formats suitable for perishable commodities.
Automated Settlements
Instant clearing and settlement calculation including market fees, commissions, and taxes.
Price Discovery
Live ticker integration and historical price analysis for fair market value assessment.
Warehouse Receipts
Issue electronic Negotiable Warehouse Receipts (e-NWR) against deposited stock for financing.
Mobile Breeder App
Dedicated app for farmers/breeders to track their lot status, view live bids, and receive payment alerts.
Integrated Live Streaming
Broadcast the physical auction floor to remote bidders to increase participation.
Auction Types Supported
Different commodities require different price discovery mechanisms. We support:
- English Auction (Forward): Price starts low and bidders bid up. Creating competition.
- Dutch Auction (Reverse): Price starts high and ticks down. The first to click wins. Essential for floriculture and fisheries.
- Sealed Bid: Buyers submit hidden bids. The highest bidder wins at the end of the round.
Industries Served
Fisheries
Clock auctions for daily catch. Rapid settlement to ensure fishermen get paid before they return to sea.
Tea & Coffee
Sample-based auctions with catalog management and tasting score integration.
Livestock
Animal auctions with RFID tag tracking, weight integration, and health certificate storage.