A futures market

A futures market

in Black Lion Trading Co

Posted by: Bunda.2691

Bunda.2691

I’d love to see the introduction of some sort of futures market, and I’d welcome ideas on how to implement it. Mostly it would add a bit of fun to the trading post game, as it would allow you to make bets against the price of materials (as of now, it’s hard to place bets that items are going to decrease in value) and hedge other bets or prepare for future releases.

There are plenty of items for which you could no doubt find speculators on both sides. Take Ruby Orbs for example. One camp might believe that they will lose value with the ferocity implementation and the buffing of other rune sets, while another camp might expect them to increase in value with the introduction of ascended crafting.

Anyway, the one way I could see this being done is through some third-party site, but simultaneously requiring participants to deposit enough gold into a transparent guild bank (controlled by some community-agreed-upon honest broker) to cover losses in case they try to reneg. But I’m sure there are other ways to implement this as well.

And because it would likely only involve wealthy players, I can’t see this having any real impact on the economy as a whole, but rather serve as a fun and entertaining activity for people who like to play the TP.

This all said, anyone want to sell me a contract for a stack of ectos at 35s per on Mar 19th?

A futures market

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Posted by: Behellagh.1468

Behellagh.1468

Oh goodie, just what the TP needs … derivatives. Do you want buying on margin or short selling next?

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A futures market

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Posted by: Smooth Penguin.5294

Smooth Penguin.5294

When Personal Housing come out, and if a mortgage system is implemented, we can then invest in MBS and CDOs.

In GW2, Trading Post plays you!

A futures market

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Posted by: Bunda.2691

Bunda.2691

Come on, who wouldn’t want to invest in an LBS once precursor crafting arrives?

@Behellagh
Short selling would actually be the best thing to be able to add, but I can’t think of a good way to implement it.

(edited by Bunda.2691)

A futures market

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Posted by: Shufflepants.9785

Shufflepants.9785

You can essentially already do this. In order to bet that something’s price will rise, just buy a lot of that thing. If it rises, you get to sell off your supply and make a profit. And if you already have a supply of something and you expect it to fall, you can sell it off.

A futures market

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Posted by: Magnus Steelgrave.6580

Magnus Steelgrave.6580

You realize that a “transparent guild bank” still can only hold 3k gold…. So after you have more than a handful of people using it how exactly will the money be stored?