Exchange Deal: What It Is, Key Features, Benefits, Use Cases, and How It Fits in Programmatic Advertising
An **Exchange Deal** is a way to buy and sell advertising inventory through an ad exchange with pre-arranged terms between a publisher and an advertiser (or their agency). It sits between the openness of auction-based buying and the control of direct IO buys, making it a core mechanism in modern **Paid Marketing**. In **Programmatic Advertising**, an Exchange Deal typically uses a deal identifier and agreed rules (inventory access, pricing model, audience or contextual constraints, and sometimes delivery expectations) while still executing programmatically through DSPs and SSPs.