Official FI Podcast on Matching Engine (q&a with Mike Bohan)
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Clears up many of the questions and theories we've had including:
If no bids then NO IS available (so market makers not a factor here)
Share prices will only drop when players are listed to market sell
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Well worth a listen.
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No initial cancellation of bids at either end of the bid zone is another big confirmation as well, but they will look to introduce this later down the track
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@Chris-C said in Official FI Podcast on Matching Engine (q&a with Mike Bohan):
No initial cancellation of bids at either end of the bid zone is another big confirmation as well, but they will look to introduce this later down the track
So that tells me you can put a bid in for 60% minimum but if the price rises then you will still have a live bid available that may only be 50-55% of the value. Of course it's unlikely to ever be accepted but still 🤷🏻♂️
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@ScouseSte so they keep your money for ever?
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No you just cancel your bid then soft lad 🤣
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@ScouseSte but someone said no cancellation of bids? Better listen to the podcast. 😄😄
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Sorry, no, FOOTBALL INDEX won't cancel bids mate
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In other words, if Ronaldo retires tomorrow and you have a bid in for £2, even though his buy price will plummet to pennies, FI won't cancel your bid (so you've gotta keep an eye on all your bids in case you get stung in these rare situations)
In this rare scenario, the buy price would be LESS than the sell price for a short time, until the forgotten about buy bids were gobbled up by grateful sellers 🤣
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@ScouseSte yep a few will get burnt on ACL and retirement players
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@LittleFish
I only meant in respect of automatic cancellations as in "cancel my bid if player x drops below whatever price you set" so you will need to cancel your own bids in the event of a depay like injury so you don't pay over the odds.
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Something I think we need to make clear. 'THERE WILL BE NO CANCELLING OF BIDS.' Mike Bohan just told me....at least 13 times.
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Thank you, gonna have a listen now
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@ScouseSte He does say towards the end (32min ish) that they are going to keep an eye on liquidity and review where a market maker might be needed. So in theory initially no market makers (other than other traders of course) but potentially in the future. As I said elsewhere if there are 100s of players sitting with 0 sell price FI will probably need to act - would a new user buy a player who shows as having no sell price?
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People still buy Arjen Robben! 😂😂
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After listening it just makes me feel even stronger that Market Buy won’t be used as much as it is now (why would it be when you have two ways to sell and one of those allows the possibility of cheaper players) and that in turn means a lower rate of price growth in a player as Market Buy/Sell is the only mechanism that will cause prices to go up or down.
He even said one of the reasons they’ve put 2% on the bids placed via the matching engine is to ensure that some still use Market Buy and in one response about Market Buy he used the word ‘stagnate’
I’m more and more convinced now that your only way of making any real profit (compared to currently) is through dividends.
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Can sell price go higher than buy price lol wtf is that nonsense, Bohan has no fkn idea and the Banega answer was lame as fuck.
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As a big advocate for dividend-earners since I started on here, I'd be completely OK with that 😂
But unfortunately I don't agree, and cap app opportunities will still be everywhere.
I think people are seriously underestimating the fact placing bids involves the money being taken out of your account immediately.
I'm personally keeping a small cash balance to be able to dive into short term opportunities, and that will involve using the standard "buy now" function.Look at Dembele the other day. Up 30p because of United links. You think that behaviour will suddenly stop because a different system is in place? I don't mate
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@Erased-Citizen I would have probably rather they put the 2% on bids right from the start.
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