LYA will also work with individual clients to implement new rules for individual auction formats.
Mock Auctions and Simulations with AI Bidders
Bid against sophisticated AI bidders and refine your bidding strategies. Evaluate bidding tactics and familiarize yourself with the auction process.
Execute automated sets of auctions with robot bidders and assess strategy effectiveness and auction outcomes. Vary parameters in robot behaviour to see effects of opponents’ bidding tactics.
Configurable Robot Behaviour
Configure robot behaviour to reflect different targets and valuations across various bidders. LYA will also work with clients to provide custom robot behaviours for specific auctions.
Advanced Bidding Metrics and Tracking Tools Built-In
The system generates bidding metrics real-time and round by round reports for bidder and auctioneer analysis.
Item prices and valuation metrics
Activity breakdowns by region and item
Bidder exposure calculations
LYA’s Platforms for Auctioneers and Regulators
Have full control over the auction process as it progresses with dynamic auction parameters and scheduling as rounds proceed. The auction process is audit ready for third-party validation of auction results.
State of the art web security is used to secure the bidding processes. Take advantage of RSA® or SMS two factor authentication and encrypted platform access.
Real-time Bidder Monitoring
Bidder activity can be monitored real-time during bidding rounds. Stay up to date with the auction progress via status reports, key metrics, and downloadable round reports.
Validate Rule Sets with AI Bidders
Run simulations using LYA’s AI bidders to validate potential rule sets and test which yield best revenue outcomes for the regulator.