The Best Auction Software for the Most Important Auctions in the World
Auction Software
Optimal Auctions provides expert auction software, software customization services, and auction management services to economic consultants, state and federal governments, and leading corporations. Optimal Auctions is a best-in-class software company dedicated to supporting economic consultants in any situation where auctions offer a superior economic choice to traditional brokered transactions.
Our software is a fully-featured software package that offers every commonly-used auction format, including Simultaneous Multiple Round (SMR), Simultaneous Ascending/Descending Clock (Clock), Combinatorial Clock Auctions (CCA), & Advanced Dutch Auctions.
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Electricity Auctions
Around the world, electric power industries are being restructured to substitute competition for regulation as a means to continue expanding services while controlling costs. Our auction designs complement the unique characteristics of electric power markets such as product definition and risk allocation.
Governmental agencies and companies have chosen us to design, host, and administer energy power auctions. We have enabled significant savings for them by creating a more competitive electricity market.
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Spectrum Auctions
The increase in the number of wireless subscribers and the introduction of high-bandwidth, data-rich applications have significantly increased the demand for radio spectrum. Governments everywhere recognize the centrality of robust and cost-effective telecommunications services to economic growth.
Optimal Auctions has recognized leading experts in the area of telecommunications with many years experience in numerous spectrum auctions around the world. Our experience in design and implementation of spectrum auctions includes the Sweden 1800MHz auction, the Denmark 900MHz, 1800MHz, and 410MHz auction, and the Finland 2500MHz auction.
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Solar REC Auctions
The recent growing interest in earth-friendly energy has also driven a secondary market used to promote the use of these energy sources beyond what the normal market would otherwise support. Part of these secondary markets are the transfer of Solar Energy Credits, which companies can use to offset the cost of consuming carbon-releasing energy sources.
As this burgeoning market begins to take shape, the uncertainties far outweigh the certainties, and thus produce a market where those who buy and sell the credits can not rely on a traditional broker model to act as the middleman.
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Gemstone Auctions
The demand for precious gems is growing quickly, with the sales of diamonds, emeralds, rubies, sapphires, aquamarine, and turquoise increasing annually. As sales increase, it becomes tougher and tougher to find an accurate market value for both rough and polished gem stones.
The solution to this pricing problem is auction software. Our auction software can bring together a market to quickly find the market price, and ensure that you are receiving the maximum value for your precious gems.
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Commodity Auctions
The market has well established prices for commodities like gold and silver, but how do you properly price commodities that don't trade very often? How does a company determine the price to buy and the price to sell? The answer is commodity auctions. If you're trying to sell items that are tough to price like rare earth elements, diamonds, or minerals, an auction is the best way to bring together buyers and sellers under an industry-best set of rules, construct the demand curve properly through software driven means, and ensure that the commodities are traded at a true, efficient market-driven price. Our software will help you price the hard-to-price items you need to sell.
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Learn MoreTrusted By
Telefonica
New Jersey
Illinois
Elisa
Sweden
Singapore
Finland
Texas
PSE&G
Rio Tinto Diamonds
Denmark
O2
Features
Optimal Auctions' software supports all of the important features necessary for administrators to run an expert auction and for bidders to participate in an auction. There are literally hundreds of available options in our software, and we allow our clients to customize the software in order to meet their exact specifications.
Architecture
The software's XML Integration Interface can interoperate with any standards-compliant enterprise procurement application, supply chain application, or e-commerce system. Optimal Auctions software supports real-time bi-directional integration of diverse commodity templates through an XML Mapping Layer.
Scalability
Scalability is the concept that your web application should never be overwhelmed by the number of visitors it receives. In terms of auction software, bidders should never see a delay in their page loading because the number of bidders using the software is too much for the server to handle. In auction software, even a few seconds of delay to a bidder can be deadly - it's flat out unacceptable.
Usability
Recognizing that user comfort is the key to successful auction participation, Optimal Auctions invests a great deal of effort making sure that our browser-based user-interfaces are easy to use. Intuitive interfaces aid in the creation of a competitive and efficient market. By carefully using framing effects from experimental economics to the advantage of our clients, we can help make the outcome more competitive and efficient.
Reliability
We understand the importance and confidentiality of the data being generated in the auction, and for this reason we have designed a 3-tiered redundancy system to ensure that the auction data is preserved in any adverse situation, and that the auction can recover quickly and efficiently to any disruption with minimal side- effects. It is our goal to be over prepared, and to have our redundancy systems in place to prevent "the worst of the worst".
Security
Optimal Auctions, Inc. utilizes the strictest security measures that, when taken in total, exceed best practices in the industry to ensure data security. Security requires a commitment to process and technology applied at all points in the system and for all users whether administrative or participants.
About Optimal Auctions
Since 1998, Optimal Auctions has provided expert auction solutions based on three core competencies which improve the competitiveness of transactions; applied microeconomics and game theory, best-business practices, and expert auction software.
The Optimal Auctions team has a successful track record supporting over $155 billion of mission critical expert auctions. We are the leading provider of expert auction software because it's all we do. Our auction team has unmatched experience designing expert auctions. We collaborate with industry-specific experts in many functional areas including finance, valuation, competition analysis, public policy, market analyses, regulation, and business goal assessment. We provide our clients with knowledgeable and client-specific solutions.
We focus on solving a wide range of client challenges in the sale or procurement of many different assets, resources, and property rights or obligations. Increasingly, expert auctions are being used in a multitude of diverse environments. These include online procurement and the substitution of expert auctions for negotiations where the stakes are high, the value of the assets uncertain, and the time-frame compacted. Many governments are using expert to sell spectrum licenses, state-owned assets, or requiring regulated industries to use expert auctions to increase competition.
As the use of expert auctions is adopted by more companies, industries and government agencies, there is a need to ensure that auctions are well designed, well understood by all participants, and intelligently implemented. This will ensure an optimal outcome free from challenge by participants or regulators.
Optimal Auctions provides proven expert auction advice and implementation. Our professionals have unparalleled economic and business expertise that will ensure a successful transaction outcome.
More From our Blog...
On the very first day of microeconomics you learn that demand is represented by a curve. If something costs a lot, you want a low quantity of it, and if it costs less, you will want more of it. So if every Intro to Micro student can grasp this concept, why do Dutch Auction IPOs like Google's get it so wrong by making the bidders choose a single demand point with their bid? Demand is a curve, not a single point! You'll see why this mistake led to the big first day price pop of Google, and see just how much money Google left on the table during its IPO.
Our Customers Say...
"The DFS Portfolio auction exceeded our expectations. After using Optimal Auctions' expert auction process it is clear to me that not all auction consultants or auction software are alike. I highly recommend their process for pricing receivables and for ensuring a fair, competitive, and arms-length transaction with all the participants."
- Al Kirchhein
Scouler Andrews LLC
"We adopted Optimal Auctions' recommendation to use expert auctions to increase competition for electricity procurement and we are pleased with the results."
- Commissioner Brett Perlman
Texas Public Utility Commission
"The BGS Auction was an open, efficient, and transparent process whereby suppliers were able to participate in one of the most robust and active energy markets in the country."
- Commissioner Carol J. Murphy
New Jersey Board of Public Utilities
"Optimal Auction's software is easy to use and highly adaptable to any conceivable auction format for allocating spectrum. We particularly value the flexibility of the Optimal Auctions team to make adjustments to the software at short notice in response to the changing needs of our clients."
- Richard Marsden, Vice President
NERA, Inc.
"The fact that the auction results mean that the majority of New Jersey's residential customers will pay less is good news. I commend President Fox and the NJ Board of Public Utilities for continuing to support my administration's goal to put the needs of New Jersey's families first."
- New Jersey Governor James E. McGreevey
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