System and method for controlling electronic bidding across different time zones

摘要

A system and method for controlling bids between buyers and sellers accounts for differences in time zones between participants. In a buyer terminal, a buyer appoints a provisory bid closing time prior to a bid closing time. A bid control system computes a time of a specified preliminarily closing time in a time zone to which a nominated trader belongs. Supplier terminals display the computed time as the bid closing time.