As a guest on NS you have access to all the same content & media, however as a member you can contribute your own
content, as well as comment on content uploaded by other members.
BETA: After a rock first start, the SSE market got out of whack due to numerous bad trades. Our efforts to clean the damage were taking too long,
so we decided to reset the SSE To give everybody a fair chance. We sincerely appologize for this, and are working on improving the system to prevent tampering
in the future.
The Skier Stock Exchange (SSE) is a stock-trading game for Newschoolers members. The game works like real world stock trading systems.
Your goal is to have the largest portfolio by the close of the game, scheduled for May 31st 2008.
When the game opens, each member is given 5000 to start buying stock. New stocks for each skier are issued daily. Dividends are issued to
all shareholders weekly. Better performing stock will pay bigger dividends.
The NS Bank will issue dividends for good performances during competitions. It pays to hold good stock!
How Does Trading Work?
Members may create Buy or Sell offers for various shares. If a new offer satisfies an existing offer, the sale is completed, the
sale price is the midpoint between the buy an sell price.
If a new offer does not have a matching counterpart (Like a Buy offer for a stock with no tabled Sell offers), the offer stays tabled so it can
be satisfied later. You can see a stock's best sell & buy offers by visiting the Skier's stock page.
Two offers will satisfy eachother when a Buy offer is equal to or greater than a Sell offer, for a particular stock. If the offers are equal in value,
a trade is performed at the value. If the buyer's price offer the seller's offer, the trade is performed at the midpoint. A member may not trade with themself.
Buy orders are always filled from highest price to lowest. Sell orders are always filled from lowest price to the highest.
Each day at 12 noon EST the bank places sell orders for each skier at the average sale price from prev day.
(So, if the average sell price of stock ABCD was 100 yesterday, the bank will offer shares at that price today.)
When the SSE opens, each stock starts at 10/share.
Example: Player A Sells 20 shares at Min $10/per, Player B Buys 20 shares at Max $20/per. If $20 is the highest Buy and $10 lowest Sell, they will trade with eachother at $15/per.
Members with good portfolios are rewarded through dividends from their skiers.
The dividends keep the market liquid by providing operating dollars to the members, and also give incentive to hold stock in good skiers.
Dividends
Weekly dividends are paid from EVERY share on a proportional scale so that the lowest values shares gets 1% and the most valuable gets 5%.
The NS Bank may declare dividends on a skier's stock at any time. Some possible reasons include:
10% dividend for an awesome win in a comp
5% dividend for a killer new trick in a video
15% dividend for returning to the action after an injury
20% just for being the dopest shit around
Example of Trade Executions
Adam places sell 5 shares @ Min $10/per on the table
Betty places sell 5 shares @ Min $20/per on the table
Zeke places buy 20 shares @ Max $20/per
5 shares Adam->Zeke for $75 ($15/per)
5 shares Betty->Zeke for $100 ($20/per)
Zeke has outstanding buy 10 shares @ Max $20 on the table
Yoni places buy 15 shares @ Max $25/per on the table
Cylus places sell 20 shares @ Min $20/per
15 shares Cylus->Yoni for $345 ($23/per)
5 shares Cylus->Zeke for $100 ($20/per)
Zeke has outstanding buy 5 shares @ Max $20 on the table
Wilson places buy 10 shares @ Max $15/per on the table
Dan places sell 20 shares @ Min $15/per
5 shares Dan->Zeke for $90 ($18/per)
10 shares Dan->Wilson for $150 ($15/per)
Dan has outstanding sell 5 shares @ $15/per on the table
