What happens to a composed market once it is accepted
The moment a composed market is accepted it stops being a conversation and becomes a market. Most are posted to every customer at the same price; a small share stays with the account that asked. The difference between the two is the last part of the product that a reader cannot see from outside.
- accepted
- 218
- published to all
- 194
- kept private
- 24
- published share
- 89.0%
Once a composed market is accepted it is usually published to every customer at the price the requester was quoted: 194 of 218 accepted markets in sample B were posted publicly and 24 stayed private. A published composed market is then open to anyone, which is what turns a bespoke quote into an ordinary price on a board.
The two endings
The first ending is publication. The combination the customer described becomes a market with a name, a price and a maximum stake, and every other customer can take it. That is the ordinary case and it is not a trick: a price that only one account may take is a liability the operator cannot lay off, so the market is posted and becomes part of the book.
The second ending is the private quote - 24 of 218, or 11.0%. These are requests where the operator is willing to take one account's action but not to offer the same combination to everybody, usually because the stake is sizeable enough that the price would move if it were published. The reader's price in that case is a price nobody else can see, and no public record of it exists.
What the samples show
| Ending | Markets | Share | What a reader can check afterwards |
|---|---|---|---|
| Published to every customer | 194 | 89.0% | The price on the board and the settled result |
| Kept for the account that asked | 24 | 11.0% | Only the operator's own record |
| Every accepted request | 218 | 100% | 194 are externally checkable, 24 are not |
The record of a published market
A published composed market behaves like any other market afterwards: it can be settled, voided, corrected, or suspended, and each of those events is recorded against it rather than against the request that produced it. The consequence for a reader is worth stating plainly - the chain from "I asked for this" to "this is what it settled as" runs through a market that was never theirs, and after publication the only person who knew the request happened is the customer who made it.
- Whether it was published or kept private, and which of the two came with a stake limit.
- Whether the price you were offered is the price on the board, or a price that applies only to your account.
- What the market's settlement rule is now that it is a market rather than a request.
- Whether the maximum stake was set by the price of the combination or by the payout ceiling behind it.
- Whether your confirmation names the market, so the offer can be matched to the thing that settled.