Broker Relations

Screw the haters CCP this is a great change.

22 Likes

Large buy/sell orders just became a whole lot more attractiveā€¦

3 Likes

Do tell why?

:red_circle:

8 Likes

Anything that screws over botters in Jita iā€™m all for.

8 Likes

Except this hits everyone who places orders on ANY market, not just bottersā€¦nor just Jitaā€¦

15 Likes

Maximum, not minimum. Nothing can be priced at 1 000 000.83 ISK, for example.

7 Likes

??

2 Likes

donā€™t share with us, ztz :wink:

:red_circle:

4 Likes

I feel like this is gonna make me stop playing the trading minigame, which I kind of enjoyed. So when a small-fry like me places an order for 30 units of whatever, then somebody whoā€™s been playing for years comes along with their trillions and fully maxed out discount/BR whatever and places an order ahead of mine for 30,000 units, guess who has to move or never see any action? Then when I move my order and eat into my tiny profits (because now itā€™s ā€œtotal price basedā€ instead of ā€œjust the differenceā€, they move theirs again because they donā€™t have to care as much with such a padded wholesale margin. These are also the people paying for plex through earning isk (by trading huge quantities) while Iā€™m paying real money over months to train up past alpha limitations to be able to compete at the 4-5 skill level discounts. That all in addition to the 4 sig fig change just kinda feels like youā€™re neutering that whole part of the game. You canā€™t just figure out how to measure reaction times of order mods or something? Maybe Iā€™m missing some part of the math that makes this fair, but idk.

30 Likes

And lose thousand times more ISK than you instead of just 100 ISK. It might be cheaper to just wait when your order fulfills.

7 Likes

So, right now I have 129 orders, with a sell volume of roughly 15b and a buy volume of roughly 45b.
Therefor I have around 6,85b in escrow and would need another 38,25b to cover.
After the margin trading change my wallet just shrinks into oblivion?

Like not only are relist fees going to make life for a station trader a lot more miserable but any station trader that has been going for a while now suddenly needs to fetch a fuckton of liquid isk to make sure he can continue after the changes?

14 Likes

As a small casual trader/manufacturer I like this change.

There are definitely bot operators out there, and people who operate in a bot-like way. This should limit them quite effectively by killing their margins and making it unprofitable.

If people enjoy having an automatically updating and highlighting spreadsheet and find cutting and pasting from that is a satisfying game play this doesnā€™t stop them, but it stops it being profitable and they can now feel free to do something else rather than mindlessly obey the spreadsheet as a cog in a bot machine.

Itā€™ll be nice to post an order for my finished goods then not see it disappeared behind a bunch of 0.1 strangely patterned orders. Iā€™m happy waiting for my profits.

12 Likes

So glad I unsubbed my chars.

5 Likes

I think you are making a big, big mistake here and on a number of levels. You are reducing the speed of money and forcing the market into recession, while killing the station trader profession.

Margin trading is a fundamental skill to manage a high number of orders without micromanaging.

Relisitng is essential for station trading. There are different kind of traders. Those that put orders imagining long maturities and those fighting for short term profits. You are killing the latters.

You are basically creating a market for big sellers and buyers with big pokets, which is not the kind of people that will make ccp increase their profits, which should come from new players coming to the game.

33 Likes

Stopping the scams made possibly by Margin Trading is good.

All the other changes are stupid - instead of being able to update your orders once a day if/when your order drops too far to have decent change to complete in the next 24 hours or so, you now either have to pay a fee so high that trading becomes unprofitable (or forces even bigger buy/sell spreads) or just have to watch your orders not getting filled. Modification fee + extra fees for player markets just encourages more people to direct trades, especially on high value items, increasing possibilities for scams (and being 0% tax) and being generally more additional nuisance to deal with.

If you already have identified patterns revealing likely bots, add a captcha or something for them to deal with. Doesnā€™t annoy normal players, but makes 24/7 trading bots harder to manage. Or limit modification frequency to 1 per hour per item type, so you cant work around it by having 100 orders for same item.

And for reference, the broker i use for real live trading typically charges me about 0.05-0.1% of trade value or so, if you want to use real markets as the reasonā€¦

11 Likes

so im confusedā€¦ does that mean prices under 4 digits are also affected or prices on things over 1 million? also why cant it just be by 3 digits over 1 million? 4 digits is vastly profit negatingā€¦

1 Like

Where do the order modification change isk go in regards to structures? Does SCC confiscate a % of the change isk as well?

1 Like

Not that CCP cares, but the 4 sig fig market price coupled with the market order change brokers fee will make it a lot more expensive and harder for industrialists who rely on buy orders to get material. This will cause a lot of market volatility in the materials part of the market and will eventually crush the smaller/newer industrialist and force them out of their profession if they have to either have their buy orders sit behind very large orders that are multiple days worth of volume or pay the extra brokers fee to jump their buy order up. This is just stupid and should not be implemented. Maybe CCP will do the right thing for once, but that is doubtful given their track record on these things.

On the other hand, I see no issue with the removal of margin trading skill and the change to the minimum brokers fees in citadels.

6 Likes