May 23rd 2021, 23:03:46
Considering two changes:
1) The "asking" column for the public market will be a link that shows a small table of information about valid standing orders. The table would factor in the money of the country that placed the order as well as other standing orders for that country. Example output for an asking price of $3100:
In this example, sellers wouldn't be fooled by the empty SO at $3100 or the low volume SOs at $2900 and $3000. They might sell at $2800 instead because they know that there are valid orders at that price.
2) If a standing order for a country is cancelled due to lack of money then all of its other standing orders are cancelled as well.
Reasons for the change:
A) Standing orders feel too powerful for buyers.
B) Giving sellers access to more information may make markets more efficient.
C) It's straightforward to implement, balance, and test.
Share any feedback that you have.
1) The "asking" column for the public market will be a link that shows a small table of information about valid standing orders. The table would factor in the money of the country that placed the order as well as other standing orders for that country. Example output for an asking price of $3100:
Price | Quantity
3000 | 1
2900 | 100
2800 | 3043943
In this example, sellers wouldn't be fooled by the empty SO at $3100 or the low volume SOs at $2900 and $3000. They might sell at $2800 instead because they know that there are valid orders at that price.
2) If a standing order for a country is cancelled due to lack of money then all of its other standing orders are cancelled as well.
Reasons for the change:
A) Standing orders feel too powerful for buyers.
B) Giving sellers access to more information may make markets more efficient.
C) It's straightforward to implement, balance, and test.
Share any feedback that you have.