Market Discussions

Hey guys,
I have recently come into some money.... eve money that is, nobody has died . I have been using my money to become an arms dealer and have noticed that if I am lazy and want to buy a large amount of something at one time, the only way is to select the item third or fourth down in the market list (add up the quantities to be >= to the amount you want) and click buy, and enter the amount.

This will literally buy the amount that you put in at that selected price and will not fill the cheaper orders at their listed prices. Is there a way to get around this? Ie place a market order to be filled by volume and pay whatever price necessary at the cheapest listed price?

This is best demonstrated with a picture:
http://img1.uploadscreenshot.com/images/orig/12/35213560927-orig.jpg

In that picture there are 9754 missiles listed at 59.99 isk, 52 at 60, and 7989 at 84.32 isk. Now what you want to do is buy 50,000 missiles in one go. To do this the most efficient way, you have to put in 3 buy orders at 59.99 isk, 60, and 84.32. However to buy all in one market order, you end up buying 50,000 at 84.32 isk per unit.

Also, I notice in my wallet that there is one listed transaction for the full amount with one client instead of 3 transactions with 3 clients. Does this mean that the other clients were paid at their listed price or the unit price I paid per unit? Or does it mean that the client I bought missiles from effectively 'buys' the cheaper orders and sells them to me and pockets the difference? Or does the extra isk just disappear into the ether?

Stu

I was making the following edition when you had replied:

Also, I notice in my wallet that there is one listed transaction for the full amount with one client instead of 3 transactions with 3 clients. Does this mean that the other clients were paid at their listed price or the unit price I paid per unit? Or does it mean that the client I bought missiles from effectively 'buys' the cheaper orders and sells them to me and pockets the difference? Or does the extra isk just disappear into the ether?

Do you know what happens to the extra isk?

The sell orders are offering to sell you missile at a lower price.
You place a buy order saying you want to buy at an higher price.
The market wont stop you. So you end up paying the price you said you want to pay.

The people with sell orders below you buy order pockets the extra ISK and are happy cats...

So to summarise. There is no way to put in a buy order by VOLUME instead of by price. ie fill order at whatever price to get 50,000 of the item at cheapest price?

Nono what I am talking about is an immediate fill order. Not a market order that sits on the market. Ie you type the amount you want to buy and it fills it immediately with the price varying depending on the sell orders on the market.

If you refer to this page: http://en.wikipedia.org/wiki/Order_(exchange)#Market_order
I am talking about a market order and you are talking about a limit order

CCP should implement both quick-sale and quick-buy features to sell to existing buy orders and buy from existing sell orders, but I'm not going to hold my breath waiting for that.

Correct.
They only disappear for good during downtime.
Between the time they expire and the downtime, they're "stuck in limbo" - invisible, but still processing on the market.

EDIT : More accurately, they are *guaranteed* to end for good during the next downtime.
They *might* end for good earlier, but the exact timing of those occasional between-downtimes processings is much harder to pin down and may depend on other factors like, say, location.


It always goes to the seller in full regardless of what sell price he asked.
And the seller is always the one with the best (lowest) priced order (and in case of a price tie, the one with the oldest order).
Sometimes, the best priced order is one of those invisible orders that expired after the previous downtime but was not yet taken down by the next downtime.


Correct.
If you want the best price possible for "IMMEDIATE" duration buy orders you have to manually go through each existing sell order.
You can always put up a 3-month buy order at whatever price you deem fair though. Takes longer but usually ends up cheaper than buying from sell orders.