99Information available for clock rounds of the primary stage

99  Information available for clock rounds of the primary stage

Information for the start of each clock round

 (1) Before the start time of each clock round, the auction manager must provide the following information to each bidder for that clock round, using the auction system:

 (a) the start time of the clock round;

 (b) the end time of the clock round;

 (c) for the lots of each product available for bidding in the clock round:

 (i) the opening price; and

 (ii) the clock price;

 (d) for each product, the number of lots calculated by subtracting the supply of the product from the sum of the number of lots in the start demands for the product for the clock round of all bidders (which might be zero, or a negative number);

 (e) the eligibility points of the bidder for the clock round (see section 104);

 (f) the bid increment percentage for each product for the clock round;

 (g) the eligibility requirement percentage for the clock round;

 (h) any other information the auction manager considers necessary or convenient to conduct the primary stage of the auction.

Posting of results from clock rounds

 (2) After the end of each clock round, the auction manager must provide the following information to each bidder for that clock round, using the auction system:

 (a) the posted prices for the lots of each product in the clock round;

 (b) the posted demands of the bidder for the lots of each product in the clock round;

 (c) any other information the auction manager considers necessary or convenient to conduct the primary stage of the auction.

Note: Subdivision D of this Division sets out the processing algorithm used to determine posted prices and posted demands.

Subdivision C—Bidding in the primary stage