A computer system, method, and program product for dynamically allocating storage bandwidth in an exchange is provided. The method provided creates, by an exchange server, a total inventory of resources for auction, whereby the total inventory of resources for auction includes resources from at least one provider. The total inventory of resources for auction is broadcast to at least one bidder. The amount of a resource is awarded to the at least one bidder at an end of a bidding interval, based on a bid provided by the at least one bidder during the bidding interval, where the amount of the resource is a portion of the total inventory of resources for auction.