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Exclusive e-Pit Technology
Here is how the E-PitSM technology works. A farmer can post an offer to deliver cash corn to his or her local buyer on DPP graindesk. The farmer chooses their bushel quantity, a delivery period, and a desired cash price they wish to receive for their commodity. This offer immediately appears on the buyer’s screen and the buyer assigns a futures contract and basis level. ePit Technical Diagram
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Why choose ePit?
On any given day, rest assured the DPP graindesk will use the power of dynamic pricing, E-Pit, and other technologies to find the price you want from your local market! Does your Trading System do this? If not, contact us today for a live demo! |
Keeps Buyers Hedged and Prevents Slippage
The buyer’s goal, as a hedger, is to purchase the cash grain and immediately obtain a futures sale of the same quantity at their desired basis level. The DPP graindesk monitors offers against every tick of the futures market using the CBOT electronic futures markets, and automatically submits a hedge order to an introducing broker's electronic order entry system. The DPP graindesk is tied directly to Globex which with the newly implemented hours starts trading at 5:00 pm on Sunday nights. (The only time Globex system is not trading during the week is from 2:00pm - 5:00pm central) DPP graindesk with the E-Pit technology can place a hedge order, receive confirmation of the fill, execute the cash purchase, and notify both buyer and seller in seconds. |
