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PRAYAAS is an electronic market for spot commodity trading. The platform allows both buyers and seller to seek price discovery by way of negotiations with an option of operating within private as open markets. The initiator and respondents can negotiate electronically for a decided time frame and trading rules. The platform is built in a way to faciltiate trade settlement's also upto delivery by the seller and funds settlement. Contract notes are formulated to make the market participants aware of the trade terms and conditions as well as the commodity details.