Auction status

All auctions follow a workflow, starting from when an auction administrator creates an auction, to the time the auction becomes active and bidders bid on the auction, until the auction closes and a winner is declared. The auction administrator also has the ability to close an auction that is ongoing or has not started yet. During this process, the scheduler is responsible for carrying out the workflow actions associated with starting and stopping auctions, processing bids and completing the winning orders.

The auction status is used to keep track of the state of an auction during this workflow process, and is found in the AUSTATUS column of the AUCTION table. The status of an auction can be any one of the following:

Future (F)

The auction is scheduled to take place at a future time or date.

Current (C)

The auction is currently taking place (bidding has begun).

Retracted (R)

The auction was canceled. Only auctions marked future or current can be retracted.

Bidding Closed (BC)

The auction is closed and no more bids are accepted.

Settlement Closed (SC)

After Bidding Closed (BC), winners have been determined and orders have been processed for winning bids.

The workflow and auction status differ between auction types. The following table describes the workflow actions, the commands invoked by the auction administrator or scheduler, and the corresponding auction status for Open Cry, Sealed Bid and Dutch auctions:

Workflow Action	Command	Open Cry Status	Sealed Bid Status	Dutch Status
Scheduler starts the auction when the start time passes.	MonitorAuctions	Current lockflag=0	Current lockflag=1	Current lockflag=0
Scheduler determines the highest winning and best bids for Open Cry.	ProcessOpenCryBids	No change	Not applicable	Not applicable
Scheduler processes autobids.	ProcessAutoBids	No change	Not applicable	Not applicable
Scheduler determines winning bids for Dutch.	ProcessDutchBids	Not applicable	Not applicable	Bidding Closed lockflag=1
Scheduler closes the auction.	CloseBidding	Bidding Closed	Bidding Closed	Bidding Closed
Scheduler processes a final run of autobids.	ProcessAutoBids	Bidding Closed lockflag=1 after final run of autobids	Bidding Closed	Bidding Closed
Scheduler processes auctions with a status of Bidding Closed and lockflag=1, and determines winners for Open Cry and Sealed Bid auctions.	FinalizeAuction	Settlement Closed, lockflag=1	Settlement Closed, lockflag=1	Settlement Closed, lockflag=1
Scheduler processes bids with a bid status of W.	CompleteOrder	No change	No change	No change

Related concepts

Auctions

Related tasks

Enabling auctions