EVE Search - VAHFT Mutual Funds - Initial Public Offering

All Channels

Market Discussions

VAHFT Mutual Funds - Initial Public Offering

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Author	Thread Statistics \| Show CCP posts - 0 post(s)
Block Ukx Forge Laboratories 76	Posted - 2012.11.02 12:13:00 - [1] - Quote Out of curiosity, why donGÇÖt you use the BSAC Stock Exchange to trade your shares? I spent the last two years developing the Exchange and I have always been open about having others use it free of charge. You are missing the opportunity of taking advantage of the Exchange users. The BSAC Stock Exchange is a superb instrument to trade shares and itGÇÖs a shame that you have overlooked it.
Block Ukx Forge Laboratories 76	Posted - 2012.11.02 13:46:00 - [2] - Quote Vaerah Vahrokha wrote: For multiple reasons, beginning with your sparser and sparser EvE playing, your slowly disengaging from your funds etc. Not saying anything is wrong with that, but I need the guarantee to have a continued service. I have been away from eve the last 4 months due to personal reasons. Part of the reason of having a functional Exchange is that I donGÇÖt have to be present for people to trade. The fact that the Exchange has been running smoothly with my sparse presence is proof of that. I would like to point out that I have always been active enough to process withdrawals, and in some instances Posion has processed them. In fact any designated teller can process withdrawals requests. Vaerah Vahrokha wrote: Then I want to implement several features currently not available on BSAC and I don't have the heart to tell you to implement real time data feeds and similar for my future projects. I think you have been too quick to discard my resolve. One of the reasons I want others to use the Exchange is so that I can improve on it. I would like to hear more about those data feeds and how to best implement them. Vaerah Vahrokha wrote: There are more reasons but ATM I don't have the time to list everything. I welcome suggestions, so please list everything you like to see improve or implemented.
Block Ukx Forge Laboratories 76	Posted - 2012.11.02 18:09:00 - [3] - Quote Vaerah Vahrokha wrote: Block Ukx wrote: I have been away from eve the last 4 months due to personal reasons. This does not exactly make me feel any more safer. I have to care for a number of Investors, a lot of care. I think you miss my point. The Stock Exchange is developed enough that it does not require babysitting.
Block Ukx Forge Laboratories 76	Posted - 2012.11.02 18:36:00 - [4] - Quote Vaerah Vahrokha wrote: 1) The ESYFND needs a special kind of pricing where bid and sell are always equal. 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 GÇô Fee, and Sell price = Sell + fee) Vaerah Vahrokha wrote: 2) ESYFND shares completely depend on the fund's real time calculated NAV. That NAV depends on wallet + underlying investments (bonds / IPOs etc) NAV + percentile based proportions off real time calculated Warehouse Containers sitting at Jita. Those containers hold MINBSK and the other funds underlying materials + each of those funds ISK wallet (they are not 100% invested) + each fund's specific escrow on market. If this did not look complex enough, then each material that is bought ends in the "deliveries" hangar (some times 4-6B worth of stuff) and those materials all end together. The NAV calculator has also to discern them and add such value to each fund's NAV. 3) The above requires an EMDR daemon fetching current market values for the involved materials including duplicate and forged data sanitizing, plus a process fetching what's calculated in 2). 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 BSACGÇÖs 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 donGÇÖt 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. Vaerah Vahrokha wrote: 4) Investors as of now are not required to have any account open. IE if they want to buy 1000 shares they send 1000 x the purchase value and that's it. Most importantly, if they sell 1000 shares, they receive the sale value sent to them, sale after sale, with no accumulation in a previously opened account. This was made to simplify their life (at the expense of mine). This is one of the highlights of the BSAC Stock Exchange, which you probably donGÇÖt 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 IGÇÖm 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. Vaerah Vahrokha wrote: 5) Every fund has the option to just redeem shares (at a penalty, except ESYFND), so a special redeem option has to be added. 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 GÇô fee.
Block Ukx Forge Laboratories 76	Posted - 2012.11.02 18:37:00 - [5] - Quote Vaerah Vahrokha wrote: 6) Funds profitability has also been designed with a fee structure in place (hedging the "bad months"), different for each fund, your Exchange has no such a feature. ThatGÇÖs correct; I designed the Exchange with zero loads. ItGÇÖs fairly easy to add a fee per transaction. See above. Vaerah Vahrokha wrote: It's easily man weeks worth of work or more, just to list 5 securities. Are you ready to do that? If so, you will be welcome. I lot of the infrastructure is in place. I agree that it can take some time to fully adapt the Exchange, but it is something IGÇÖm interested in doing. I want a functional Exchange that any fund manager can use for their own stock scheme. EDIT I forgot to mention, you could update the price via API feed, which I do for BSAMR.
Block Ukx Forge Laboratories 76	Posted - 2012.11.18 16:42:00 - [6] - Quote Any thoughts about letting people trade in the BSAC Stock Exchange? I think an API update service is all your need.

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.