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Market Discussions

 
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Short Selling / Selling Futures
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Sigras
Conglomo
#1 - 2011-09-29 12:25:42 UTC
Ive wracked my brain trying to think of a way to add the short selling idea to eve, but every time I see so many exploits that could be run against it.

The only thing I can think of that might work would be a sequestered "broker account" that you put money into, and they just wouldnt let you leverage beyond 0.9/1 the broker would then automatically stop you out if the price began to go above the value of the account, or let you hold on to the trade for a maximum of x days or until you bought out.
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IE: you add 100,000,000 to the account and decide to short 90,000,000 in cap recharger II @ 1,000,000 each, so the game would generate 90 cap recharger II from nowhere and put them for sale @ 1,000,000 each

Then say the price drops to 750,000 each and you decide to get out, so the broker buys 90 cap recharger II off the market @ 750,000 each and make them go nowhere, so your account ends up at 132,500,000

Alternatively, if the price began to rise to 1,100,000 the broker would automatically buy the necessary 90 cap recharger II to keep the account from going negative
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This would work in a place like Jita with a super saturated market, but not in 0.0 where the market isnt even populated.

Failing that, what about selling futures? This seems to be a bit more do-able because it doesnt inherently rely on a line of credit.


Has anyone who is more creative than I come up with a good way of adding this aspect of market trading into the game without it being crazily exploitable?

Thoughts?

Also if you want explanation just ask
FlinchingNinja Kishunuba
Crunchy Crunchy
#2 - 2011-09-30 20:33:39 UTC
Future contracts could be done with the existing contract system pretty easily. Just allow the margin to be paid at the outset and have the contract dictate a quantity, price and date for the sale.
Lady Zarrina
New Eden Browncoats
#3 - 2011-09-30 21:59:02 UTC
Ack, just create cap recharges II outta thin air. I believe you single handedly destroyed invention. But invention does suck, so this could be a good thing.


Wouldnt it work better if someone had a store of cap rechargers, they lent them to you, and you repay them back at a later date. Of course the lender would reserve the right to call this contract at any time.

EVE: All about Flying Frisky and Making Iskie
Sigras
Conglomo
#4 - 2011-09-30 22:06:08 UTC
I suppose contracts could be used to make futures, but what guarantee does the other person have that I actually own the product im shorting?

yes, in the short term, it would create items from nothing, but it would automatically rebuy those items and make them disappear when the contract was ended, either by manually ending it or by getting stopped out.
Sigras
Conglomo
#5 - 2011-10-07 12:26:25 UTC
Im thinking it might be impossible . . . but im hoping someone smarter than I can prove me wrong.
X ATM092
Science and Trade Institute
Caldari State
#6 - 2011-10-09 14:26:11 UTC
I believe it can be done with couriers. You set a single packaged courier of an item from the station back to the same station with a completion duration of 999 days (or whatever) and no reward. You collateralise it based on the value you're betting it'll be. They can at any time choose to complete the contract, thus regaining their collateral and losing the item, or fail it, thus losing the collateral and keeping the item. They can see the contents of the courier to ensure no scam and if someone does missell you when then you can complete and lose no isk.