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Project Microspread initated

Author
Jeane DuPont
Doomheim
#1 - 2012-04-16 23:07:29 UTC  |  Edited by: Jeane DuPont
Greetings IGS community,

following the recent discussions in this valued medium of communications where capsuleers gather to discuss and propose useful things, and taking into consideration the new IPI idea of creating a new trade hub in Agoze where minerals will be bought and sold in a Center for Advanced Studies School station with manufacturing assembly lines at Agoze, DuPont is pleased to announce that we have already started Project Microspread.

Project Microspread is simple, and consists of creating the minimum possible spread between bid and offer of a specific good (0.01 ISK), for relevant amounts given Placid market size.
Project Microspread will focus on three different minerals: Tritanium, Mexallon and Isogen.

If you check Placid market for those minerals, you'll see that DuPont is already buying and selling at CAS with the minimum spread applied, except for Isogen. The amounts, unfortunately, are yet unbalanced, but we'll be catching this on:

- For Tritanium, DUPO is buying 15 million units, but selling just 467k units (a few has been sold already);
- For Mexallon, DUPO is buying 550k units, but selling just 301,4k units;
- For Isogen, DUPO is buying 400k units, but we don't have a sell offer yet;

We are far from what we expect will be the amounts of minerals we will be buying and selling at minimal spread, as we have set aside an expressive amount of resources to that end (comparable to the Placid daily size of gyration on these goods). Also, DUPO will be buying everything in the vicinity of Intaki that is being sold, as it already did, so the only point of selling in the vicinity of Intaki will actually become Agoze CAS. We did that already and even hauled to CAS for that purpose.

In case you are a miner and work near Intaki, in the low-security systems, and you are willing to sell your minerals outside Agoze CAS but on its vicinity, we've also thought on a help for you.
Intaki will always have what we call a guidance bid. This guidance bid is an indicative of the limit we are willing to buy everything in the vicinity of Intaki. All you have to do is to check how Intaki is buying your minerals. Odds are we will be always the best buyer in Intaki at something around 10% ABOVE Placid average or even better, depending on our aggressiveness (feel free to haul stuff and sell at Intaki as well, but goods will necessarily be hauled to CAS to be sold by the microspread and the amounts will be considerably smaller). We will keep this policy as long as we find opportune and we will inform you publicly about policy changes in our guidance bid.

Saxon Hawke wrote:
I invite you to bring yourself out of exile and return to the Intaki Sovereignty. Break bread with us and let us find a way to truly put this matter behind us once and for all.


Your words to Vechtor made me antecipate this announcement Mr. Hawke, as we planned to wait a whole month before doing it.
I hope IPI can get with the pace we'll be working from now on ...

Jeane
Katrina Oniseki
Oniseki-Raata Internal Watch
Ishuk-Raata Enforcement Directive
#2 - 2012-04-16 23:24:42 UTC
Economic stimulation through aggressive market competition. I like it!

It reminds me of home.

Katrina Oniseki

Jeane DuPont
Doomheim
#3 - 2012-04-16 23:35:20 UTC  |  Edited by: Jeane DuPont
Katrina Oniseki wrote:
Economic stimulation through aggressive market competition. I like it!

It reminds me of home.


Yeah, you got the spirit. Big smile
Silas Vitalia
Doomheim
#4 - 2012-04-17 02:37:18 UTC
Katrina Oniseki wrote:
Economic stimulation through aggressive market competition. I like it!

It reminds me of home.


Stimulation?! I could barely stifle my yawn. Mineral prices..... I think I need a drink.


Sabik now, Sabik forever

Katrina Oniseki
Oniseki-Raata Internal Watch
Ishuk-Raata Enforcement Directive
#5 - 2012-04-17 03:55:33 UTC
Silas Vitalia wrote:
Katrina Oniseki wrote:
Economic stimulation through aggressive market competition. I like it!

It reminds me of home.


Stimulation?! I could barely stifle my yawn. Mineral prices..... I think I need a drink.



If you're looking for stimulation, my dear friend Valdezi could help you out.

Katrina Oniseki

Halete
Sebiestor Tribe
Minmatar Republic
#6 - 2012-04-17 05:24:08 UTC
Certainly interesting. Please, do proceed.

"To know the true path, but yet, to never follow it. That is possibly the gravest sin" - The Scriptures, Book of Missions 13:21

Jandice Ymladris
Aurora Arcology
#7 - 2012-04-17 08:32:03 UTC
A very interesting project you launched, will keep an eye on it, to see how it proceeds.

Providing a new home for refugees in the Aurora Arcology

Jeane DuPont
Doomheim
#8 - 2012-04-18 10:37:15 UTC
Halete wrote:
Certainly interesting. Please, do proceed.


Jandice Ymladris wrote:
A very interesting project you launched, will keep an eye on it, to see how it proceeds.


It's interesting indeed, and it's the first attempt to create a real minerals market around Intaki and neighboring systems that I know of.

We will be providing monthly reports on the figures of how the project evolves. If the market proves big enough, we can even change the report’s periodicity to a weekly basis.


Bataav
Intaki Liberation Front
Intaki Prosperity Initiative
#9 - 2012-04-18 16:10:51 UTC  |  Edited by: Bataav
Jeane DuPont wrote:
It's interesting indeed, and it's the first attempt to create a real minerals market around Intaki and neighboring systems that I know of.

Ms DuPont

An announcement was originally made by the President of the IPI alliance a little over a week before your opening statements above and already in that short time the scale of thought and effort behind such focus on purchase and sales orders on the market is to be commended and your corporation's efforts will be appreciated as local trade and industry increases.

The volumes of minerals already being traded through Agoze IX-2 are impressive and can do nothing but benefit local manufacturing which of course was the principle idea. I have no doubt that just like those before me here, other corporations and pilots using Agoze as a base for their manufacturing will make good use of DUPO's announced market orders.

Market spectators could have made the assumption were they to consider the recent hostility between DUPO and the IPI in the recent discussions on Intaki 5-5, Agoze IX-2 and the related activities of the ILF and wider IPI amongst others, that the successes here would be minimal and restricted by infighting.

It's my hope that those of us actively involved, whether IPI, I-RED, DUPO or other, understand that this is not about who has done what, but is instead about encouraging trade across the Viriette constellation. It's about providing a stable base through mineral acquisition, processing and manufacture in Agoze for the system to become symbiotic with Intaki.

To date the Intaki 5-5 trade hub has stood as an clear example of Capsuleer-driven potential for the people of Intaki and is rightly held as a success in the region. Now Agoze IX-2 shows us all that the neighbouring systems need not sit idle in Intaki's shadow just as the Viriette constellation stands in the shadow of the successes of the Intaki Syndicate.

I look forward to celebrating Agoze IX-2 as an established hub of activity in months and years to come, a system at the core of a prosperous Intaki people.
Jeane DuPont
Doomheim
#10 - 2012-04-19 00:29:43 UTC  |  Edited by: Jeane DuPont
Bataav wrote:

Ms DuPont

An announcement was originally made by the President of the IPI alliance a little over a week before your opening statements above and already in that short time the scale of thought and effort behind such focus on purchase and sales orders on the market is to be commended and your corporation's efforts will be appreciated as local trade and industry increases.


It's different.

Our goals are far less ambitious than yours. Still, not less difficult to implement.

The amount of efforts employed in Project Microspread rests not only in a big cushion of ISK in order to assimilate the initial market movements (as you probably has already seen as the Intaki resident I know you are, market movements have been so far in their majority on the sell side, even from IPI capsuleers) but also in frequent determination of the best average in order to not create much inter-regional arbitrage opportunities, the best amount of buy and sell orders given total regional side, the hauling of minerals from Intaki to Agoze originated by different sellers (mainly people who will try to earn a few extra bucks from our Intaki guidance bids), all to create something that has no precedents in New Eden, anywhere, and specially in a low security area, which is the minimum possible spread between buy and sell orders of just 0.01 ISK for a given good. In our case, for Tritanium, Mexallon, and Isogen, basic materials used in the construction of virtually anything you can imagine.

Quote:
The volumes of minerals already being traded through Agoze IX-2 are impressive and can do nothing but benefit local manufacturing which of course was the principle idea. I have no doubt that just like those before me here, other corporations and pilots using Agoze as a base for their manufacturing will make good use of DUPO's announced market orders.


Yeah, I knew you would like it. My wishes are for this to only increase in time, and this volume is still very far from what I expect will be the reasonable levels for an Agoze trade hub.

Quote:
Market spectators could have made the assumption were they to consider the recent hostility between DUPO and the IPI in the recent discussions on Intaki 5-5, Agoze IX-2 and the related activities of the ILF and wider IPI amongst others, that the successes here would be minimal and restricted by infighting.


If this is the case, they are wrong. We are not doing this to destroy. We are doing this to construct. But with "economic agressiveness", stimulating competition, and with or without any help.

Quote:
It's my hope that those of us actively involved, whether IPI, I-RED, DUPO or other, understand that this is not about who has done what, but is instead about encouraging trade across the Viriette constellation. It's about providing a stable base through mineral acquisition, processing and manufacture in Agoze for the system to become symbiotic with Intaki.


The way I see it, there is the risk of the system becoming even more important than Intaki. The symbiosis among both systems is yet to be properly worked and currently, DUPO has no answer nor course of action for that, except for the fact that our guidance bids that serves for intra-regional information to sellers will always be in Intaki 5-5.

Quote:
To date the Intaki 5-5 trade hub has stood as a clear example of Capsuleer-driven potential for the people of Intaki and is rightly held as a success in the region. Now Agoze IX-2 shows us all that the neighboring systems need not sit idle in Intaki's shadow just as the Viriette constellation stands in the shadow of the successes of the Intaki Syndicate.


I couldn’t say any better regarding different Viriette systems. This is the kind of situation I believe has a potential overall value higher than the simple sum of its parts. Capsuleers are usually unaware of how much power they have in the determination of New Eden's future. This is also true for the youngest, inexperienced, simple miner working in a scary and harsh environment.

Jeane