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Vaerah Vahrokha
Vahrokh Consulting
1953
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Posted - 2012.11.02 11:59:00 -
[211] - Quote
Yes. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
1953
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Posted - 2012.11.02 12:08:00 -
[212] - Quote
I'd like to remind possible further Investors that Market Makers have put a number of shares for sale on the Exchange, which as of now is operational. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Block Ukx
Forge Laboratories
76
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Posted - 2012.11.02 12:13:00 -
[213] - 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.
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Horatio Astrates
Liga der hessischen Gentlemen
0
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Posted - 2012.11.02 12:20:00 -
[214] - Quote
Dear Miss Vahrokha!
In anticipation of fruitful further business relations I will rejoice. I confirm that I am now obliged. Though I must confess I am not able to fulfil my obligo within the next eight hours. Indeed I direct my accounting bureau to issue a contemporary transfer when terms and conditions are set.
Yours Sincerely Horatio Astrates
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Azorean
State War Academy Caldari State
14
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Posted - 2012.11.02 12:56:00 -
[215] - Quote
Block Ukx wrote:
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.
This...
I can honestly state that the Exchange is a fantastic tool of trade for me, very easy to use and is backed by very knowledgeable trusted people.
Not stating that VEMEX is not worthy or anything, however, it is much less evolved on the "user easy and/or friendly" part. |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.02 13:05:00 -
[216] - Quote
Block Ukx wrote: 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.
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.
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.
There are more reasons but ATM I don't have the time to list everything. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Block Ukx
Forge Laboratories
76
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Posted - 2012.11.02 13:46:00 -
[217] - 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.
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Vaerah Vahrokha
Vahrokh Consulting
1953
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Posted - 2012.11.02 17:28:00 -
[218] - Quote
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.
Block Ukx wrote: 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.
...
I welcome suggestions, so please list everything you like to see improve or implemented.
1) The ESYFND needs a special kind of pricing where bid and sell are always equal. 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). 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 last point may have to change later but for now it's going like this. 5) Every fund has the option to just redeem shares (at a penalty, except ESYFND), so a special redeem option has to be added. 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.
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. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
1953
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Posted - 2012.11.02 17:35:00 -
[219] - Quote
Investors that took second chance priority please send ISK ASAP, (it's affecting my funds NAVs calculations):
Arancar Australis - 250mil for MINBSK 250mil for ICEBSK Antoine Desargues - 100MISK for MINBSK 200MISK for ICEBSK Horatio Astrates - 2B ESYFND 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.
Failure to do so by tomorrow past DT will put Samroski and Irken Slushk back to the front line for their full amounts and the remainder will be picked by me.
I apologize for asking to be quick, the dividend is due at the beginning of December and I really need up to the last ISK to gather stock. We are in rising markets, the longer I wait, the worse deals I get, the higher the risk of buying high and then losing value we got. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Irken Slushk
G-Force Developments
3
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Posted - 2012.11.02 17:52:00 -
[220] - Quote
I have sent the isk for the shares VV, thank you and keep up the great work. Everyone I talks to thinks this is an awesome idea and is something you and CCP should be proud of. |
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Samroski
Games Inc.
77
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Posted - 2012.11.02 18:01:00 -
[221] - Quote
Vaerah Vahrokha wrote:Investors that took second chance priority please send ISK ASAP, (it's affecting my funds NAVs calculations):
Arancar Australis - 250mil for MINBSK 250mil for ICEBSK Antoine Desargues - 100MISK for MINBSK 200MISK for ICEBSK Horatio Astrates - 2B ESYFND 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.
ISK sent
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Block Ukx
Forge Laboratories
76
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Posted - 2012.11.02 18:09:00 -
[222] - 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.
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Arancar Australis
State War Academy Caldari State
13
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Posted - 2012.11.02 18:14:00 -
[223] - Quote
Hi VV,
Isk sent and good luck.
Cheers,
AA |

Block Ukx
Forge Laboratories
76
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Posted - 2012.11.02 18:36:00 -
[224] - 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.
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Block Ukx
Forge Laboratories
76
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Posted - 2012.11.02 18:37:00 -
[225] - 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. |

Antoine Desargues
Desargues Investments Ltd.
0
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Posted - 2012.11.02 21:56:00 -
[226] - Quote
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. |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.02 22:40:00 -
[227] - Quote
Antoine Desargues wrote: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.
Both you and Arancar Australis have sent the ISK to the wrong character, hence why I did not see it coming. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 00:25:00 -
[228] - Quote
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. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Arancar Australis
State War Academy Caldari State
13
|
Posted - 2012.11.03 03:33:00 -
[229] - Quote
Vaerah Vahrokha wrote:Antoine Desargues wrote: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. Both you and Arancar Australis have sent the ISK to the wrong character, hence why I did not see it coming.
Apologies for the confusion VV. |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 08:22:00 -
[230] - Quote
We got our first buy order!
Keep them coming! Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
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Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 11:32:00 -
[231] - Quote
Horatio Astrates wrote:Dear Miss Vahrokha!
In anticipation of fruitful further business relations I will rejoice. I confirm that I am now obliged. Though I must confess I am not able to fulfil my obligo within the next eight hours. Indeed I direct my accounting bureau to issue a contemporary transfer when terms and conditions are set.
Yours Sincerely Horatio Astrates
Most appreciated Mr. Horatio,
With the premise of: "I am not able to fulfil my obligo within eight hours", I have kept your reservation slot up to today and understand your statement about you being obliged. However I have to play fair to the other Investors and I may not keep Samroski (the next ESYFND reserver) waiting for much longer.
Therefore I have the ability to concede you only until tomorrow after down time. Past that time I will regrettably have to close Your reservation and honor Samroski's reservation.
I understand you might have some issues preventing you from fully fulfilling your reservation, therefore I suggest you the possibility of a partial fill, for an amount of 1 billion instead of two. In that case Samroski would take the second billion.
Hoping for a prompt reply off Yours, I take this opportunity to extend You my best regards.
Yours sincerely, Vaerah Vahrokha Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Horatio Astrates
Liga der hessischen Gentlemen
0
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Posted - 2012.11.03 12:42:00 -
[232] - Quote
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 |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 13:09:00 -
[233] - Quote
Horatio Astrates wrote: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
Confirming that ISK has been forwarded to the appropriate teller.
All the funds are full, from now on who wants shares will have to purchase them on the exchange
(there are several listed already).
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Irken Slushk
G-Force Developments
3
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Posted - 2012.11.03 14:54:00 -
[234] - Quote
Nice to see the first buy order placed. |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 18:49:00 -
[235] - Quote
Irken Slushk wrote:Nice to see the first buy order placed.
It's not the only one any more  Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.03 20:43:00 -
[236] - Quote
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. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Rual Storge
Caldari Provisions Caldari State
5
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Posted - 2012.11.04 12:46:00 -
[237] - Quote
Great concept, I have really enjoyed reading all of this. Good luck on the venture VV. |

Samroski
Games Inc.
77
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Posted - 2012.11.04 12:56:00 -
[238] - Quote
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. |

Vaerah Vahrokha
Vahrokh Consulting
1953
|
Posted - 2012.11.04 16:07:00 -
[239] - Quote
Samroski wrote: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.
It's possible even today but it's not graphically nice to see. It gives away some limited information about how someone else (does not tell the names) have placed their orders. I am not sure it's sound to share even such limited information though.
I am working to implement a login based system allowing to do what you ask but it's very hard work and so it won't be available very soon.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |

Vaerah Vahrokha
Vahrokh Consulting
1994
|
Posted - 2012.11.16 10:32:00 -
[240] - Quote
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.
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. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
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