Optimal Auctions - World Leaders in Clock Auction Software
Optimal Auctions’ Clock Auction software has been used to sell $113,000,000,000 worth of products, with nearly all of our customers coming back year-after-year because they are so happy with the results. Our software can manage single-product and multi-product auctions, both Simultaneous Descending Clock Auctions (SDCA) and Simulteneous Ascending Clock Auctions (SACA). Our recent experience with running single- and multi-product clock auctions includes the following high-value auctions:
- New Jersey PSE&G Solar Renewable Energy Credit Auctions, 2009 – 2017
- New Jersey BGS, 2002 - 2017
- Pennsylvania Penelec Electricity Auctions, 2009 - 2012
- Spanish Capacity Auctions, 2007 - 2008
- Public Utility Commission of Texas Quarterly Capacity Auctions, 2002 - 2006
- Illinois Annual Capacity Auctions, 2004-2007
Optimal Auctions Clock Auction Software - Cheaper, Faster, Better-Tested - Guaranteed
Our Clock Auction software is incredibly configurable, allowing us to meet any rules or regulations that you may have with your auction. In fact, there are over 195 settings in our Clock auction software, which means no matter the complexity or requirements of your auction, you can feel assured that Optimal Auctions can deliver a software solution that will be cheaper, faster, and better-tested than any of our competitors. We guarantee it!
Our Software Makes Everything So Easy, Why Try to Create Your Own?
We would be incredibly happy to show you a demonstration of our software. We are confident that once you see how the software works, and how easily it controls every aspect of your auction, you will never go back to using an Excel spreadsheet. Our software takes care of everything you could imagine - exact timing of rounds, ensuring bids are received in time, ensuring bids adhere to eligility rules, and thousands of other things. Plus, it runs right in your browser, so anyone with a desktop, laptop, or even a smartphone can use our software. Your bidders can simply log on and bid - there's nothing to install!
Call Now For a Demo - 512-947-8273
We will be happy to talk with you about your auction software needs, and will help answer any questions you might have. Whether you are running a spectrum auction, providing bidder support for a spectrum auction, are running a Solar REC auction, or are simply selling items that are tough to value, the Clock Auction is most likely your best auction format, with Optimal Auctions providing the best and most affordable solution for you.
What is a Clock Auction?
A Clock auction is a potentially simpler alternative to the SMR Auction, in which one or many large categories are broken down into multiple smaller commodity products (lots). To a bidder, each product is equal in value to the other product within that category. However, across different categories, products may vary in value. As an example, in a spectrum auction, if a country is selling 7 identical bands of spectrum, and each band is of equal value to the other bands, then the Clock Auction would be the ideal solution.
The auction is characterized as being a Clock Auction because typically the prices of all the products of the category "tick" down together in decrements determined by an algorithm.