Shireroth Mercantile Exchange.

[Erik Mortis]

Official Name of Organisation: ShireExchange, Shireroth Mercantile Exchange
Trading Name of Organisation: ShirEx
Names of Subsidiary Companies: None
Owner/s of Organisation: Erik Mortis (100%)
Management of the Organisation: Chairman of the Exchange Committee
Location: Cerce, Monty Crisco, Brookshire, Shireroth
Locations of Subsidiary Offices:
Main Services Offered: Stock Exchange Forum

ShireExhange will offer a centralized location for companies and individuals to buy and sell stocks. Initial usage fee is payed by companies at 1erb/month. No individual or transaction fees at this time. Rates and fees may change later. with notice.

With this request, the Shireroth Mercantile Exchange would like to BUY a forum within the miniTrade. As there is no current rate for buying forums we offer 10erb as an opening bid.

[Scott of Hyperborea]

You know how we have AMEX and NASDAQ and stuff? Can the ShireExchange be SEX?

[Erik Mortis]

......Oh.. gods... YES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! YES YES YES YES OOHHH YES!!!!!!!!!!!! YEEEEEEEESSSSSSSSSSSSSSSSSS!!!!!!!!!!!!.....ahhhh...

[Hesam Jayatar]

How exactly would this function besides listing companies?

[Erik Mortis]

Companies would be paying for use of the forum as a central location to conduct business separate from the congestion of the main MiniTrade forum. People can start topics to sell or buy stocks, negotiate etc. If it works, we can start to expand services provided.

If we are going to have an economy, we need to start driving it with services. People will want a forum to sell/buy/trade stocks. Why not have a company to run that forum?

[Aurangzeb Khan]

Why not have the state run the forum? That way it can recoup erb as a 'rent collector'.

[Hesam Jayatar]

I think its good, but I think we need to expand the services that companies can offer first. I mean, aside from the products themselves, we haven't seen anything new. Graphic Design, Media etc.. these are old ideas.

To actually make something new, we need new services. Ones off the top of my head so far are:

- Military purchases (as in, Dukes/Barons start with a basic orbat, but you have to purchase more to expand it. The Crown then hires the militias when fighting foreign wars. And the militias fight each other during civil wars.)
- Legal Council
- Parliamentarians (people to draft your bill and act ideas for you)
- Purchasing support (ie for 25 erb, a company will use its collective erb sum to support your duchy in the Landsraad)

Then there is Andreas resource economy which we could look at. I think the two systems ARE compatible with some refinement.

My point is, once our economy is more developed an exchange will be more warranted. But there might be more value in establishing it now as opposed to later?

[Jess]

Yep, Omega will definantly invest in this.

[Jonas]

I will create a game service / company (if I think about it... I have one already, unregistered), with games like the CoD-series (I mean with the program RPG Maker 2003). Then you have a new service.

[Andreas the Wise]

On Hesam's advice I'll pause approval till this is more discussed.

[Ari Rahikkala]

I take it this is the kind of thing that people mean when they say the economy is overheating?

[Hesam Jayatar]

yes. I mean to be fair, we have not conducted a single successful citizen to citizen transaction yet.

[b3n|<3r|\|]

This is great really. I think everyone except me, the Kaiser and the economic staff must be conspiring to make it break by posting as much as possible in this forum to attempt to kill it. Or maybe it's subconscious. Perhaps it is the will of Abbas Namvari...

[Hesam Jayatar]

Posting is good regardless of the economy. So nothing lost there.

People can post as much as they like, but if everything is disorderly the only loser in the equation are the people that ignore the guidelines.

[Andreas the Wise]

I take it this is the kind of thing that people mean when they say the economy is overheating?

Nah, it's just I've had a busy week It makes up for the lazy year before that ...

[Erik Mortis]

I was serious about this...

[Andreas the Wise]

I know - and I was serious it just needs slightly more discussion ... and possibly a change to the One Owner law ...

[Hesam Jayatar]

I posted some ground work in the "stock" thread. I think its a good start.

[Erik Mortis]

Well, how bout I get first dibs on this idea when the time comes.

OH..and as for the government itself providing this idea for it's own income, should not we be encouraging companies and individuals to make money, and get it moving. So making this a governmental service would kinda hurt the economy. Further, the SEX would be paying the government for the forum, so money would flow to the government.

[Hesam Jayatar]

You know what? You're completely right. Let some enterprising individual make an exchange (erik) and get the reward.

Oh and of course you can get the credit for making the exchange. So long as I get the credit for inventing the system and Andreas/Benkern get the credit for implementing it.

[Erik Mortis]

And I get credit for writing the banking system. It also makes sense for me to run the Exchange, as I control the actual physical bank programming. So it means I can integrate the two for people.

[Hesam Jayatar]

I suppose since it's a success so far, we'll also revise the books regarding your opposition to the whole thing as well?

[Andreas the Wise]

Oh by all means I'm assuming you'll run it Erik. I just want the Ministry to set down some clear guidelines that apply to your exchange and any future ones ...

[Erik Mortis]

I still wish something aside from Landsraad votes could be used as the incentive.. but ... I suppose it has to be something.

lol.. maybe you should have to buy noble titles...

[hypatias mom]

Would the purchases be retroactive? Or if we have noble titles, may we keep them without more our-of-pocket expenses?

[Erik Mortis]

See the Front Gate for that topic.

[hypatias mom]

Will do...

[Hesam Jayatar]

Erik, is there any development on your Exchange?

[Erik Mortis]

Not much to do till more companies plan to move stocks. And I need a forum... How much should I pay for it?

[Andreas the Wise]

10 a month.