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Announcement: More Upcoming Game Play Changes

Posted by: Antibody on Dec 20, 11:47

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.

Announcement: More Upcoming Game Play Changes Antibody Dec 20, 11:47

what do you mean by fund managers will be paid based on their good performance? {nm} ndmaster Dec 20, 11:54

By H$. {nm} Antibody Dec 20, 11:59

cool (except for the commission on delist, oh well :) islander Dec 20, 11:59

LOVE the public beheadings of Manipulators...its all cool except for the 1% commission on Security delists! {nm} GLAMMGUY Dec 20, 11:59

does this mean a real life profile pic will be required? LOL {nm} ndmaster Dec 20, 12:21

Full view and profile for offenders {nm} StarBondFund BUY NOW.. Jets 10-4 Dec 20, 12:22

Initilal reactions StarBondFund BUY NOW.. Jets 10-4 Dec 20, 13:00

Hate the concept of the 1% on delists JoeMetz Dec 20, 13:18

Some thoughts DTravel Dec 20, 13:58

Maybe they're just trying to close the doors, period. {nm} liioulu Dec 20, 17:24

The power button is right there. *points* {nm} DTravel Dec 20, 17:27

My feedback on the upcoming changes mcmlxixhm Dec 20, 14:51

That's a serious non-play penalty! About 43% annualized. An H$4B port ingnored for 2.5 years would be worth less than H$1B. edzep Dec 20, 15:13

Is the "No Trading" penalty cumulative? Or is it 1-time only? DTravel Dec 20, 17:26

"If you have not traded in the past 30 days" - that's cumulative, baby! {nm} edzep Dec 20, 18:47

why not pay us to trade? let's say after 100 trades in a month, we get $H for every trade we do until the end of the month? peglegpete Dec 20, 17:11

something like 1/2 of 1% or $5000 $H, [ceiling cap] whichever is least, and you round it down to avoid the 1 share trades peglegpete Dec 20, 17:21

It should be more than 100 trades a month JohnTEQP Dec 20, 22:41

Don't agree with 1% commish on delist. If you hold a security long that you think will delist higher than adjust eyescovered Dec 20, 18:23

Love the idea of new class of Movie Funds that behave like mutual funds. Other thoughts inside. Oleg Max Dec 20, 18:57

I would start new traders at H$1 million and then go up by $250K increments JohnTEQP Dec 20, 21:52

...that's a good idea ... {nm} jane_citizen Dec 21, 15:16

Any delist commission is BS, but the other changes seem mostly reasonable... except they fail to put the halt time back where it belongs {nm} Chefbobcat Dec 20, 21:30

How about a mentoring program for newbies JohnTEQP Dec 20, 22:37

That is what the Players Board, and to some extent the Leagues, are for. {nm} RogerMore Dec 21, 08:21

How are you going to charge a 1% commission on penny stocks which are no longer worth dumping due to the .02 commission being charged? {nm} secretstalker Dec 21, 05:49

agree {nm} Guillo Dec 21, 07:33

Yeah there goes any stock that are about .05 or less {nm} MuskMan Dec 21, 08:34

I'd say 0.50 or less - which means the $2 IPOs won't be worth playing anymore because 90% of them drop to that almost immediately {nm} DTravel Dec 22, 00:15

I guess they're only interested in prices being accurate up until the box office of movie x is already known jane_citizen Dec 21, 15:14

adding commissions wont encourage trading and increase liquidity especially in issues with a low spread between market price and box office. {nm} flapjack007 Dec 21, 05:54

so many fines, where on earth are the rewards for active traders ??? naughty Dec 21, 07:03

We already have traders abusing the volatility of the system... why reward them further? {nm} secretstalker Dec 21, 09:12

will 5% be taken off every 30 days, or just after the first 30 days and then the player can coast indefinitely? {nm} kurgan Dec 21, 07:40

my two pennies Panachevitz Dec 21, 08:44

I hope they're not going to charge commission on halted derivatives (calls/puts/OW)... that would blow, too. {nm} secretstalker Dec 21, 09:14

FYI - what you are describing is more akin to a hedge fund than a mutual fund. Especially the managers participation in profits. {nm} Phatcat Dec 21, 09:29

How does hsx track market manipulation? shinglerred Dec 21, 10:07

WIll there be commission charged on the delist of Calls, Puts, and OW derivatives? {nm} fourstars Dec 21, 10:35

Will there be commission charged on the delist of Dead Movie Stocks, Deceased Starbonds, and Inactive Starbonds? {nm} fourstars Dec 21, 10:40

Commissions on delists Intheway Dec 21, 12:45

You have lost me ... figuratively and literally. {nm} kibitzer Dec 21, 17:42

You have lost me ... figuratively and literally. {nm} kibitzer Dec 21, 17:42

Dunno about you, but, they're certainly not going to make it easy on newbies to learn all the little gotchas. {nm} edzep Dec 21, 18:29





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