Market coordination is a management strategy that is used to determine transactions between a collection of stakeholders (who collectively form a market for products and services). In this strategy, an independent system operator (ISO) acts as an intermediary between stakeholders (they do not negotiate amongst themselves) to determine an optimal set of transactions that creates the greatest total collective profit. The ISO coordinates stakeholders by collecting bidding information (as in an auction process) and clears the market by solving a supply chain management problem (a resource allocation problem). The ISO does not have a stake in the market (does not absorb or divert revenue streams from the market). The bidding and clearing processes allow the market to reach an outcome quickly, hence their use in electricity markets, where supplier responses to changes in consumer demand must be rapid. Moreover, the allocations resulting from coordination have been proven to represent a competitive equilibrium. This result frames the coordination outcome as an optimal solution to the process of peer-to-peer negation involving all stakeholders. Coordination is viewed as a market catalyst that saves time without sacrificing competitiveness.