Concept and mechanics of a "Buy-Order" side of an AH

[Jinko]

Agree with everybody, EVE and GW2 are pretty much what I would like to see for buy orders.

I would like the marketward to look and feel like Vindictus AH lol, but we all know SE aren't capable of this, even if a F2P company are, really quite sad

[Wulfies]

Never played either game, but i went to google images and looked at what the markets system was like, and omg, the Eve Online looks exactly like what I had imagined. (Lets see if i can link the picture below)



If a game that has been out for about 10 years has this, why, WHY, WHY cant we have this?

[Jinko]

Yup its very nice, but not a chance in hell would we ever get it.

[Wulfies]

So, I have been thinking on how to connect current buys with sellers. So when an item is placed on both the buy and sale side, send a message to the lister that saying something to the fact of:

"Hey...look at these items that are currently being sold on the market below your buy price (for buy side)" or "Hey...Look at these items which buyers are paying more than what your asking for (sale side)"

But in all honestly, 99.99% of the people that put stuff to buy on the "buy-side" will want to pay less than the lowest price on the AH to begin with. So the point might be moot.

Comments/Suggestions?

[KimTaeyeon]

Am I the only one who think Buy Order shouldn't be implemented?
Like GW2, I made a lot of money just by standing in front of AH for hours or even days, just for money..
When my friend asked me for dungeon runs, I said no, World Boss, no, everything else, no..
Just too obsessed with AH for more money

AH 'til retired

[bwalker36]

Am I the only one who think Buy Order shouldn't be implemented?
Like GW2, I made a lot of money just by standing in front of AH for hours or even days, just for money..
When my friend asked me for dungeon runs, I said no, World Boss, no, everything else, no..
Just too obsessed with AH for more money

AH 'til retired

haha I know people who did that to, I was guilty of it occasionally but not often or for long periods.

I just did not have the patience to stare at the market board. Look for items that had large spreads and then buy and list. It will definitely create a huge opportunity for arbitrage but that will bring the buy and sell prices closer together which is probably a better thing overall.

[Anisto]

Am I the only one who think Buy Order shouldn't be implemented?
Like GW2, I made a lot of money just by standing in front of AH for hours or even days, just for money..
When my friend asked me for dungeon runs, I said no, World Boss, no, everything else, no..
Just too obsessed with AH for more money

AH 'til retired

Sounds like UO Brit bank. I like it!

[Little_Gray]

Am I the only one who think Buy Order shouldn't be implemented?
Like GW2, I made a lot of money just by standing in front of AH for hours or even days, just for money..
When my friend asked me for dungeon runs, I said no, World Boss, no, everything else, no..
Just too obsessed with AH for more money

AH 'til retired

But that's why i want buy orders.

[Wulfies]

Am I the only one who think Buy Order shouldn't be implemented?
Like GW2, I made a lot of money just by standing in front of AH for hours or even days, just for money..
When my friend asked me for dungeon runs, I said no, World Boss, no, everything else, no..
Just too obsessed with AH for more money

AH 'til retired

I do not see how a buy-order system will not work for you. In most cases peopel on the "buy-side" will always want say Gold Ore for less than the lowest price on the market. You will still have your chance to to make money on arbitrage.

[Sinbios]

So, I have been thinking on how to connect current buys with sellers. So when an item is placed on both the buy and sale side, send a message to the lister that saying something to the fact of:

"Hey...look at these items that are currently being sold on the market below your buy price (for buy side)" or "Hey...Look at these items which buyers are paying more than what your asking for (sale side)"

But in all honestly, 99.99% of the people that put stuff to buy on the "buy-side" will want to pay less than the lowest price on the AH to begin with. So the point might be moot.

Comments/Suggestions?

Not sure what you're trying to do. The system being discussed in this thread is exactly like how a stock exchange works, no need to look to EVE or GW2 as their systems are designed after those. Here's the basic way it operates:


As a participant in the market, I can make buy (bid) or sell (ask) orders as either market or limit orders.

If I make a market order, I specify only the volume I wish to buy or sell and the system fills open orders on the opposite side starting from the price closest to the spread (gap between bids and asks).

If I make a limit order, I specify the volume I wish to buy or sell and the price I wish to buy or sell at. The system checks the list of open orders on the other side to see if my order can be filled immediately by the open orders, starting from the orders closest to the spread (this is called crossing the spread, as I am making an order priced on the other side of the spread). If there are enough open orders between the spread and my specified price to completely fill my order, it and those open orders are filled against each other. If there are some open orders that are between the spread and my specified price but not enough to fill my order completely, those orders are filled and the remainder of mine is placed on my side of the spread as an open order. If there are no orders which can be immediately filled at my specified price, my order is put on the list as an open order on either the bid or ask side.

This system is very simple, has been the standard method of exchange on the financial markets for centuries, and has been demonstrated to be workable in an MMO setting by GW2 and EVE. There are numerous benefits to such a system which I've explained here.

And for all y'all who think you'll be making less money this way... what do you think stock traders do all day?