-- The Four Forum Trolls of the Apocalypse. Existing orders that were placed prior to this change will continue to operate as before, but once completed/expired all new orders must be backed up by 100% escrow. Each level of skill reduces the percentage of ISK placed in market escrow when entering buy orders. The costs associated with these orders will not be negatively affected by these changes. Prerequisites: Broker Relations IV; Accounting IV Notes: 5 percentage point discount per level is same as 10% reduction per level. Currently, the cost to modify an order by a small amount is negligible. If you have a positive cash flow margin trading is a no-brainer. 2015-02-26 19:57:23 UTC, - 2015-02-22 11:23:03 UTC, - Competition between traders comes down to who (or what) can micro-manage their orders for the longest period of time, rather than who is making the most intelligent pricing decisions. I prefer having at least 50% of the ISK I need to cover in my wallet, but I could probably put that up to 70% or more without too much trouble. The skill's old ability to create a Want-To-Buy order with only partial ISK escrow is removed, so all WTB orders will require 100% escrow to be paid up front. 2015-02-22 11:59:59 UTC, - So, here's what I suggest if you're dead-set on building a character of this type. Creating a more equal playing field for market users and handing the advantage back to those who make educated pricing calls is a clear statement of intent in the fight against botting. EVE's open world MMORPG sandbox, renowned among online space games, lets you choose your own path and engage in combat, exploration, industry and much more. A tiny minority of orders (less than 1.3%) are modified more than eight times. Among these are orders that are being modified hundreds of times, with behavioral patterns that are very likely not human. There will now also be changes to the fees for modifying active buy/sell orders. With these changes, such excessive behavior will quickly lead these market-addicts to bankrupt themselves. Here's an overview of the changes that are being made. There's more information here and here out there for those that are interested in reading more on this subject. EVE Online is a free MMORPG sci-fi game where you can embark on your own unique space adventure. The skill's former ability to reduce the amount of ISK placed into escrow when creating a buy order is going to be removed. Any points trained into Margin Trading will now apply to Advanced Broker Relations instead. Therefore, the modification fee also reflects the fact that the order creator is able to extend the lifetime of an order indefinitely. It will therefore take up to 90 days (the maximum player order duration) until all player orders fit this new rule. It definitely helps when you have less ISK because 1 or 2 failed orders won't matter when you get the profit from the ones that were filled. Needless to say, the market and the behaviors of players when these changes go live will be closely monitored. The only real constraint is the five minute delay before an individual order can be modified, but this is relatively easy to minimize for a trader with many order slots. Ability to make potentially risky investments work in your favor. 2015-02-24 21:30:52 UTC, - The existing Margin Trading skill will be changed into Advanced Broker Relations. Last summer some alterations were made to sales taxes and brokers fees for the market. ~ CCP Prism X, "Schrödinger's Missile. 2015-02-27 14:11:27 UTC. A skill-based way to lower (but never eliminate) the Relist Charge will also be provided. 2015-02-23 02:27:31 UTC, - As a result, the optimal strategy becomes "Always create your orders at 0.01 ISK above/below the current best order, and always update your order ASAP by 0.01 ISK if it isn't the highest buy or lowest sell." Change the benefits (and name) of the Margin Trading skill to become Advanced Broker Relations, which will now give a reduction to these modification fees. < Margin trade skill > Ability to make potentially risky investments work in your favor. Currently in EVE, all order prices can be specified to a 0.01 ISK precision, regardless of the magnitude. These forums have been archived and are now read-only. It will be replaced with an ability that provides an increasing discount to the Relist Charge. If you are supplying your orders with buy orders, its a must. Increasing the modification costs will mean that the strategy of always modifying every order as quickly as possible will quickly become unprofitable. Therefore the fees do not represent the same true cost compared to NPC stations. Increase the ISK fees that are charged when modifying an order. Skill: Margin Trading. Some folks love it and make awesome use of it. Change the benefits (and name) of the Margin Trading skill - it becomes the Advanced Broker Relations skill. For these orders, the modification fees will start to eat into the profit margins. For orders placed in an Upwell structure, the Broker Fee is paid to the structure owner instead of being sunk out of the game. Introducing tick size - a limit on price precision when creating/updating an order. Sure, I can see how margin trading would be very effective if you have sell orders up in backwater systems covering massive amounts of space buying volumes from lazy players. As discussed above, there is a desire to follow some real-world examples in how markets can operate, so this change is heavily influenced by the way that regular stock/commodity markets handle pricing. 1,112,0001,111,0001,110,0001,109,000...1,002,0001,001,0001,000,000999,900999,800999,700. These principles are held firmly in mind when moving forward with any changes to the in-game market. It's when you expand your business and have no real way of knowing its impact on short term cash flow while capitalizing it that MT gets... interesting. When the owner receives their 1% fee, they will immediately pay half of it onward to the Secure Commerce Commission. The fee includes a new additional component, the Relist Charge. 2015-02-24 22:37:10 UTC, - 2015-02-23 16:12:46 UTC, - Each level of skill reduces the percentage of ISK placed in market escrow when entering buy orders. How important is it? This new ISK sink ensures that these markets contribute positively to the health of the in-game economy, and also to server/database health by adding a non-zero cost to large-scale order creation/update spam. If the new price is a decrease this component of the brokerage cost for relisting is zero. Let me give you an example. Use the skill plan above, but remove Margin Trading and only train Retail to IV. 2015-02-22 19:56:50 UTC, - I prefer having at least 50% of the ISK I need to cover in my wallet, but I could probably put that up to 70% or more without too much trouble. Important note: Existing orders at the time of this change coming into effect will keep their current pricing. - Personally, I like having margin trading, as long as you keep track of how much ISK is in your wallet vs how much you need to cover. Instead, this will provide some incentive for order changes to happen less frequently and with more consideration. These two modifications cost them a total of. One of the guiding principles for the market in EVE Online is to keep intact how closely it mirrors aspects of real-world economics and financial markets. Increase the minimum fee setting to 1% (from 0%). This results in Marketing and Wholesale being removed as well.