We are moving HSX toward its vision of expanding the trading community and facilitating the predictive accuracy of HSX markets. More detail behind this vision and what it means for the site are posted on the HSX website forums.
In order to support this vision, we anticipate making the following changes during Q1 of 2011:
- Max share limits will increase to 100,000 for Opening Weekend Warrants on January 19, 2011, along with MovieStocks as previously announced.
- Major milestones and achievements of traders with both small and large portfolio values will be highlighted on the homepage as well as the community page.
- The HSEC (the HSX version of the SEC) will discourage market manipulation by publicly displaying anyone caught attempting to manipulate a price by engaging in coordinated trading using more than one account in addition to the fine levied.
- New accounts will be given their initial H$2MM portfolio over a series of eight daily visits at H$250K per login to encourage return visits by new players.
- A 1% commission for security delist will be instituted to promote liquidity of H$ that might otherwise be held in positions until delist.
- If you have not traded in the past 30 days, an Account Inactivity fee of 5% of your portfolio value will be charged. You will also not be eligible for the Leaderboards. This is intended to stimulate active trading and to reward active traders.
- A new class of Movie Fund will be introduced that behaves more like real-world mutual funds where managers must raise capital from other traders in order to invest and are also paid based on their good performance.
We are paying close attention to your emails and forum posts, so please keep writing us with new improvement ideas.
