Ask Mike! Session 7
Mike Sroka is back for a SuperBowl edition of Ask Mike! exclusively at the OneSeason Nation! If you have a question you’d like to ask Mike, please send your questions to bullpup@oneseasonnation.com!
Q: Does participation in an IPO (meaning sheer number of people who requested) impact the maximum percentage a person can get of that IPO? Does it impact the total number of shares that are released? Both? We are wondering if people who think they are on the bubble and cancel their requests are only giving the people at the front of the line a higher % of the shares?
A: The total number of people who requested a particular IPO is not directly contemplated in the allocation process currently. The total number of SOIs that are requested is one of the data points used as an indication of the current demand. We want to ensure that IPOs are allocated to a relatively broad group so the number of SOIs requested by individuals in the time-stamped line-up will influence the max percentage. Canceling requests will only improve the likelihood of someone behind you receiving an allocation.
Q: How come a low sell offer isn’t just automatically matched with the highest buy offer? Why does the system meet the two prices in between?
A: There is no middleman in our system like a market maker or specialist, rather it is a hyperactive matching platform that matches overlapping orders and provides best execution available for both parties. In order to do so, the system queries the outstanding orders and where there is overlap it takes the highest Buy offer and Lowest Sell offer and averages between them. This balances the interest of buyers and sellers executing the order within specifications.
Q: Did you guys go off the normal routine in getting BIGB and FITZ out there before the Superbowl? Or was the exact same IPO process followed that has been in place since day one?
A: It was pretty interesting watching these two players fly up the IPO list. FITZ was exactly the same, BIGB was the same process although implemented a little differently I guess. While the metrics indicated release of new IPO (for BIGB), by the time we were able to get our team ready for it, the market was in decline (Red). Previously we have issued players when the metrics indicated release of new IPO and the market was experiencing an uptick (Green). Given that the metrics looked good to go and so many people wanted him available for the Super Bowl we decided to Issue.
Q: Any plans in the near future to add the Market Clock/Timer to the site?
A: Yes, it has been designed and will likely be implemented in the near future.
Q: Is it true that you guys have no interest other than being the trading platform for all of this and everything else is to be developed by 3rd parties? (Issuing Dividends)
A: We see the core of our company being the trading platform that enables and unifies all kinds of other activity. The biggest advantage of application/open platform models is that you harness lots of creative minds and the market/userbase determines the content that adds value to the experience.
Q: Are new sports going to be added in the near future?
A: We do not expect to add any new sports in the next 3 months as we are focused on building out the features and functionality.
Q: Regarding the new IPO List of the Front page (Nice job btw! We’d been suggesting that forevah!), does that update in real time, or once a day, like during off market hours?
A: Thanks! Good suggestion from you guys…keep em coming. The IPO List updates in real time.
Q: How many total people on staff at OneSeason? How many have been added since launch?
A: Our Team is roughly the size of an NBA Roster and we have added approximately 2 people/month since launch.
Tags: Mike Sroka, OneSeason, OneSeason Nation Ask Mike, OSN
Loading ...