Market Discussions

Confirming receipt of the following reservations:

Samroski as Market Maker
Graygor => Sent back the double ISK you sent.
Huttan Funaila
Rebecca Cairn
Irken Slushk as Market Maker
Dean Ozuwara
Rhat Dakota
Val'Dore on behalf of PlanetCorp InterStellar
Elegbara
Jadun
Towaoc
Vargan Armer
Amallya Trueshot
Grombutz
Grendell
TornSoul
Nanatoa
V'en
Kama Sutramax => He sent 200M too much, since (see beginning of thread) the reservations for MINBSK shares were all full when his reservation was posted. However if by October 31st 23:59:59 EvE some of the below Investors won't have sent ISK, his 200M reservation will become active and he'll receive the 200M in MINBSK he wanted. If they all send the ISK instead, I'll send the 200M back.

The following Investors have up to October 31st 23:59:59 EvE time to send ISK (else their reservation will be taken over by the next Investors in queue):

Mortimer Montague
Ford Chicago
Seth Quantix

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Important: on November 2 after down time, the reservations are free for all, who will post here will get the spot in a first come - first served way.

Not new but always a good read about failing funds and how high frequency trading can fail.

Oh good old Goldman... I remember when this happened and how good I felt for being involved in simpler things such as telling people why investing all their money in long term, high risk investments and venture projects in volatile parts of the world probably isn't a good idea.

High five for Einstein being proved right about the limitless bounds of human stupidity.

Right thread back on topic.

Regarding the processing, I think the proviso "The exchange is processing orders, trading is enabled but you could bid on orders not present any more." should work for now. Obviously with your flu, work, life etc I doubt we'll see an automated process any time soon. Though I dont have a programming background so I maybe wrong but it seems complicated to a layman such as myself.

About the selling in point 2.



Does this mean for sellers, they will receive an invoice for how much they should send and prompting them when to send the isk?


Edit

Disregard the last bit i misread it where you would deduct the fees yourself.

I would like to purchase 2bn worth of the MINBSK and 2bn worth of the ICEBSK please.

I'll send isk shortly when I return home.

Isn't there a queue? Weren't reservations going to be open after DT on Nov 2?
iirc I'm in the queue for ESYFUND, and there are probably a few before me.
Maybe I've missed something....

Dear Miss Vahrokha!

Thank you for your efforts.
Probably you would like to take my reservation from 2012.10.22 12:30 in account?

Yours Sincerely
Horatio Astrates

Yes you are still in the list, I was preparing it while you posted.
Tomorrow after DT if shares are still available you'll get your fill depending on what's left.

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@Samroski

The reason I closed reservations only today is to make sure I'd anyway would fill the funds. In fact starting with below 100B makes the future funds maths a true pain. Today is when I received ISK back from a person and therefore I can add myself to the queue so there's no risk the shares would go deserted.

Vaerah, congratulations on a successful offering!


An automated system would be awesome.



I admit that I'm a bit confused on your order types, in particular, the Stop Order. With simple equity trading (no need to get into complex order strategies at this point) I'm accustomed to using four order types:

Market Order - Very simple, as you've defined, an order to immediately buy or sell at whatever price is currently asked or offered. Simple and straightforward, but possibly of limited value until such time as your book fills with a nice stack of buy and sell orders and daily volume picks up.

Limit Order - An order to buy or sell at a stated price or better, with the order being good over a specified time, such as "Good 'Til Canceled" (GTC) or "Day" orders. This perhaps would be the most important order type to have in place initially to help build a book and to help promote trading volume.

As the market establishes itself, it might be valuable to add:

Stop Loss Order A order to sell shares at the market price if the market price of the shares drops below a stated price, also with a stated time in force, such as GTC or Day. As the name implies, this order allows the shareholder to place an order in advance to sell, where the order is acted on only if the share price drops to a certain level, helping the shareholder to minimize losses in the event that shares enter an unanticipated downtrend. This order type, of course, works in reverse for "short" positions, should short selling become available.

Stop Limit Order Same as Stop Loss order, except that if the market price of the shares drops below a stated price, an order is automatically entered to sell shares at a stated limit price rather than at the market price.

Currently 00:00 IGT.
As per our discussion lastnight, if 1B in the T2BSK still remains, I'd like to reserve it. If the figure isn't correct, I may adjust it higher, or if what we discussed lastnight is no longer applicable, please let me know.