New competition for the Lindex !

Looks like the LindeX is ALREADY going to
have some AWESOME competition for
where the big-time traders will hang out!

http://www.slexchange.com/modules.php?name=Forums&file=viewtopic&t=865


Sounds like some awesome features!

Functionality at launch will include:

1. Market and limit buy and sell orders.
   
2. Partial fills of any size down to L$1.
   
3. US$1 minimum order to start. Can probably go lower than that, but I'm not sure it's practical to bother.
   
4. Finer price control than GOM has/had using "standard" RL forex rates and terms.
   
5. ACID-compliant transactions (no possibility of erroneous transactions).
   
6. Spread-based fees instead of commissions. Standard spread is still uncertain.
   
7. USD Withdraw via PayPal Mass Pay to reduce fees.
   

Functionality that will come very soon if not included at launch:

1. Trading history that is separate from standard account balance history. Also available as CSV download for analysis.
   
2. Order expiration.
   

Functionality that will come if there is demand (the logic is already on paper for all of these):

1. Trailing stops.
   
2. Order triggers.
   
3. Margin trading.
   
4. Short sells.
   
5. Alternate forms of payment to reduce or eliminate deposit fees and allow payments much larger than the daily limit set by our risk management system.
   

hehheh

This will be really neat.

Unfortunately, it'll also be an efficient market. Which is exactly what we traders don't want!

hehehe

Indeed.

I am kinda mixed as to whether I would like to see a high volume/low spread, or a low volume, large spread.

Course, lower volumes mean I don't have to hawk the market every minute, but....

Not to mention honesty and integrity.


Reference provided upon request!

I am definately intrigued how they would be able to guarentee my orders if the triggers fired.

And margins and shorting go hand and hand, something I would really like to see in any system (along with options which the way the linden bounces up and down I think a futures market would do the day trader more good then the actual exchange market).

A margin account with a 100:1 leverage would be sweeeeet. But that is a pipe dream.

SLExchange looks interesting, so I'll be keeping a close eye on it.

In general though its going to be interesting to see how these various markets compete with each other and whether market inefficiency's will cause arbitrage opportunities to crop up a lot more.

Me too!

A very close eye! And be sure NOT to blink!

Awesome!

People certainly have a lot of different opinions on what an exchange should be and I doubt any one exchange is likely to satisfy everyone's needs. It's great to hear that folks will have diverse options for currency exchange.

Please let me know when your exchange is running well enough for me to add it to the secondlife.com pages that mention L$ currency exchanges.

Cheers,
Lawrence

Man alive that is true already.

Just look at how you could have bought $1000L on GOM for 3.5$ then come back into Lindex and sell them at 3.80+....

Its going to be a bit I think before we see stablized numbers across all the markets.

Its funny how GOM goes out and TWO new markets pop up.

But 2 years from now, which markets will still be around? Heck, by the end of the year what markets will still be around? Only time can tell, but I think that there is not much money to be made in the L$ free market model. We will see what the future brings... we may even see a new and improved GOM rising out of the ashes.

heh... yeah.
I have no idea how they plan on making that work.
Those items ARE in the "maybe" section.

I think I'm just mostly happy to see an alternative!
Even when GOM was around it would have been
nice to have at least one other site doing a free market.

Now it looks like we'll have LindeX and SLex.

To me... means more twists and excitement in to
market strategy

(especially since LindeX is pretty boring right now
with only posted sell orders)

Gabrielle

Now, THAT is something I'd really like to see!
... someone taking over GOM at this point,
getting help in fixing the problems...
and raising it from the dead!

Yeah, GOM going out may have been the best thing for the L$.

Leaves room for other people to come in and innovate / compete.

This does raise some questions. If they L$ starts to raise now, is it because of the bonus cuts? Or is it because of the free accounts? Or maybe it is GOM stepping aside? GOM was great because you could plot what the value was day by day. You could see changes as announcements were made, as new patches came out, and as new land was released. That value alone will not be able to be replaced.

I'd like to request that reference.

Why do you keep trying to make these folks out to be some kind of scammers? It seems to me, that nobody but you is screaming about SLEx. Really, why all the dirty comments in the forum every time it comes up? Do you have something factual to share, or are you just bitter about whatever your experience with the organization was?

/me grabs some popcorn.

Here we go again...

Jesus, Merwan it's over. You obviously didn't think you had that srong of a case against them or your wouldn't have sold out and sold your share to them. I hate your snide comments in every single fucking thread that SLEX is mentioned in. You used to contribute to this community, now all you are is the whiney little brat in the corner who didn't get his way once and can't let go. GROW UP.

It does seem a little petty, doesn't it? Let's see if he'll offer up any substance as to what's behind his snide 1-liners all over the forum.

He has plenty of substance to offer. He was once a partner with Apotheus. They had a falling out early on, and Merwan apparently got the shaft. Anshe later bought Merwan's shares in another controversial deal, riddled with complications.

Ok, but, does he need to continue to publicly bash them about in all the other topics we discuss?

Why not start a thread on it and leave it there?

why feed the trolls?

Let's keep on topic

A search of these forums will find I sided with Merwan when it all "went down." I thought he got the short end of the stick at the time, but now he has only revealed, time and time again, the immaturity that I'm sure was frustrating for Apotheus to have to deal with.

I know I can't feed his troll any more because he's on my ignore list now. So on with the discussion!

I'm glad to see SLEX's competition for the LindeX. I'd like to see a viable competitor for Second Life, if I were totally honest. I'd like to see how another company would be handling things.

Ok so, they were business partners. They had a disagreement. Merwan sold his share of the company to a third party. I think the last part is the most important part.

This is a real company afterall, right? If Merwan were getting "the shaft", why would he not seek legal recourse? The fact that he ran from the problem rather than seeking remedy tells me that he most likely was caught trying to GIVE the shaft, rather than being the one who GOT the shaft.

We'll never know for sure, of course, since the other parties aren't here posting snide 1-liners in threads about whatever it is Merwan does today. Nope, I don't see them here attempting to canabalize HIS business through veiled derogatory comments which are so thin on substance that they likely have no merit WHATSOEVER.

Anyhow, back on target. Sure, I could be completely wrong in the above. Like I said, we'll never know for sure. But I think this all boils down to MERWAN SOLD.

If Merwan SOLD, then WHATEVER he got out of it must have been his perception of what his stake in the company was worth. So he's exited the company in what he felt was a fair and equitable way. I doubt the third party had any gun to his head forcing him to sell. Granted, if my above speculation is true, the SECOND party may have though!

At any rate, with all of the above in mind, I'm missing the point where Merwan feels he needs to start acting like a two year old child and post all of these derogatory, ok yes I'll say it, LIBELOUS messages about someone else's business. A business that he has no stake in whatsoever.

I'd really like to hear from Merwan on these points. He indicated that a reference was available on request. After seeing all of his derogatory 1-liners over all this time, I'd LIKE his reference. Nobody needs to answer for him.