Market Discussions

So browsing around the market i saw that some Guristas Nova Heavy Assault Missiles were being bought at way over market price, so i popped some in my cargo and set down a 8 jump trip to try sell that ****. Knowing that this **** was too good to be true, i wasn't surprised that when i placed the sell order the buy got pulled the very same moment. The order had a min quantity exactly at quantity so i figured the guy doesn't have enough ISK to actually cover his order and it gets pulled hence the name ghost order.

So my question to you guys is, why does the broker allow these orders and also is this a bug or is it just how the EVE market works?

If it is a part of the game mechanic then that feature seems to be completely redundant as it serves no other purpose than to inflate prices, or you guys have other opinions id like to hear them too.

If this is a bug then it's a market breaking bug as it distorts the real forces of supply and demand.

Thanks for you attention,
CREAM

IDK why you call that margin trading. If this was margin trading, then the broker would lend money to the guy buying, at chosen leverage and he would put up a buy order for an asset with the borrowed funds, once someone sells into his buy order, the trade is COMPLETE and if the next buy order down the book is way too low in price to cover the borrowed margin of the guy, the broker would take in his collateral and would either have to cover further losses from their pockets or steal from their customers, however the trade always completes.

This isn't margin trading, this is Ghost Trading I .

Think about it for a bit, what would happen capsuleers could borrow ISK from NPCs? Remember our characters have virtually zero accountability.

Well forgive me if i'm wrong but this ghost trade scam is essentially borrowing money from the NPC broker, it's that the NPC somehow doesn't keep the collateral to fill or even partially fill the order because the min quantity is exactly at buy quantity. If the collateral was kept to fulfill the order then we'd be getting closer to something like margin trading.

And to answer your question, dont u think it would be more interesting if capsuleers would have to borrow money from other players at a floating interest rate and trade assets without them ever leaving the market, CFD style. And the collateral would be used to cover losing positions.

Perhaps, but I'd wager you'd have to re-write large parts of the game's code in order to accommodate this (and banking too, for that matter).

No.

Your understanding of margin trading as a concept means nothing here. When you come with a question and people start trying to explain Eve Online game mechanics to you, you shouldn't argue with them about how Real Life works. You should pay attention and learn how Eve Online works.

Now, if you'll excuse me, I see several 2-3 billion ISK buy orders for various Officer modules and there's some idiot trying to clean out his hangar selling the same mods for just over 1b. :D \o/ ^^

Barleyjack. I like that word, I need to find a reason to use that somewhere...