Market Discussions

I think you miss my point. The Stock Exchange is developed enough that it does not require babysitting.

That should be fairly easy to accommodate. This can be done right now by simply having sell order = buy order + 0.01 ISK. Better yet, sell order - buy order = your custom load fee (i.e. Buy Price = Price – Fee, and Sell price = Sell + fee)


I think you forgot I ran BSAC. What you are describing sounds very similar to what I did with BSAMR and the Mineral Indices. NAV was calculated using various API codes. The only thing new is that you want it real time. In BSAC’s case I was doing it once a day. Of all your objections, this one is the more involved one. I did started to work on it for the BSAC stocks but never finished, because as you will find out sooner or later 99.99% of investors are buy and hold type, so they don’t care for 1hr NAV refresh. In my expert opinion it is a lot of work for null returns. I will be willing to work on it and finish what I started.


This is one of the highlights of the BSAC Stock Exchange, which you probably don’t realize how useful it is. About 3-4 years ago I was doing it manually like you are proposing. And back in the old days I found the manual labor very time consuming and I’m afraid it will lead you to burn out. This is one of the reasons for developing the Exchange. There is no point for you to babysit every transaction. The Exchange does that for you. You should consider my six years experience running BSAC.


That one sounds a lot like the mineral indices I ran, except they redeem at 100%. That is easily accommodated with a buy order. Again the simplest way is to have Buy order = redeem price – fee.

ISK sent yesterday, as I said in another post above. I have replied to your EVEmail with the complete reference of the transfer.

Yours,
Antoine.

Updated list:

ISK received:

Kama Sutramax - 200 M MINBSK
Graygor - 250mil for MINBSK and 250mil for ICEBSK
Arancar Australis - 250mil for MINBSK 250mil for ICEBSK
Antoine Desargues - 100MISK for MINBSK 200MISK for ICEBSK
Samroski - 200M ESYFND => There is not room for the 2.5B you wanted. Horatio Astrates reserved 2B on 2012.10.22 12:30 while you asked for reservation extension on 2012.10.22 20:35.


I did not receive ISK yet from:

Horatio Astrates - 2B ESYFND

I kindly ask Horatio to send the ISK ASAP.

We got our first buy order!

Keep them coming!

Dear Miss Vahrokha!

Please excuse my inaptitude to make my deposit to the proper account. It was quite late and my accounting office was closed. Nevertheless a deposit at your hands was made.
I hope that you will accept this receipt.

Yours Sincerely
Horatio Astrates

Nice to see the first buy order placed.

I am very happy to see that some action is going on.
The markets are rapidly self optimizing like RL markets, I somehow have the same feelings of an guy who built a realistic model railway and now see all the little things moving and blinking and beeping.

Said that, a word of caution to the Investors. Being a quasi-realistic exchange make sure to keep present the margin to avoid undercutting at a loss.

VV, let me first appreciate your efforts in setting up the exchange, in addition to organizing this investment opportunity.

A feature that I'd like to see in future iterations of VEMEX is order tracking. A place where the exchange users may log in and see their orders (esp. ref. numbers). I'm sure you have this data available, but for obvious reasons it cannot be made public. Thus a way needs to be found where individual users may access this data. Maybe individually accessible google documents? Could you put the info in a separate spreadsheet, only accessible by one user? This would be invaluable in managing orders long term.

It is possible that order tracking exists in VEMEX, and I am unaware of it, in which case I apologize for my ignorance.

Little performance update

Last time I station traded, it was in 2009.
These funds somewhat subvert my trading model because I could not really use my WPD-WPG method (I should have bought stock in September / October) so I had to flip some order here some order there.

First the good news:

The results are not so bad, this screenshot shows the markups in percentage: the top item markup is a nice 44 percent made in 2 weeks, the "worst" is 13 percent (broker fees are not factored in).

I have been expecially impressed by some of the T2 and PI appreciations, really not impressed by ices.


The bad news:

This year the markets are not good as I'd wanted them to be. There's space for profit but there's little liquidity and I need to move a lot of stuff.
It's very hard to roll 100B worth of stuff in markets where your order sits at the top (no 0.01 ISKer) for half a day.
If I "push hard" I simply kill half of the T2 and PI markets. Thus I have to flip a relatively limited amount of stock per day OR join minimal revenue markets (aka the "glass ceiling"). Therefore while the profits percentages I can make seem awesome, the end result will be a quite "normal" performance for an investment of this size, because the profits are made on the amount of stock the markets can adsorb without crashing.