SYSTEK is an electronic communication network (ECN) that automatically searches incoming bids for sellers and buyers of goods and services. It is designed for both in-company use and general, mass-market use. Trading between sellers and buyers is online. The clients of the system, traders, can deal directly or conduct transactions through brokers.
Brokers can track placement of client bids, deal, and perform transactions. The system performs sales, purchases pre-bidding, and activates bids at any time needed. Transactions are concluded upon the participants' mutual agreement. It is effective around -the-clock and is accessible wherever Internet is available.
