Driven Xchange features include:
- Secure, Web-based access for Market Makers, Suppliers and Dealers.
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- Sophisticated trading and trade management
capabilities:
- Price management – Enables sellers and buyers to change market prices in real time to accurately reflect changing market dynamics.
- Trading Automation – Allows buyers and sellers to automate trading by creating automated trading strategies based on bid depth, spread movement, minutes inactive, target prices and other market factors.
- Risk management – Provides real-time management and monitoring of outstanding positions by trader.
- Support and management of each step in the wholesale
process, including:
- Inventory status & management – Instantly indicates the location and status of a vehicle.
- Condition report – A thorough description of a vehicle’s condition, including digital photographs, damage estimates, and inspector comments.
- Standard pricing information – Indicates average pricing for similar vehicles and estimates adjustments for mileage, options and condition.
- Trading logs - Tracks and stores vehicle specific bidding activity for future review.
- Settlement – Title Management, Electronic payment, and verification.
- Reporting and management – Detailed reporting for each exchange member and risk management tools for Market Makers.
- Transaction reporting – A ticker streams the most recent transaction information to the users desktop. The ticker displays vehicle state, year, make, model, transaction price, damage estimate, variance +/- black book wholesale, and buyer group.
