INDICES
MSX 102 124.38 ( ▲ 268.89 | 0.26 % )
MSA 100 469.16 ( ▲ 469.16 | 0.47 % )
MCX 124 395.89 ( ▲ 107.84 | 0.09 % )
MCA 100 684.17 ( ▼ 138.59 | 0.14 % )
Ł 1 = NS$ 1.3091 ( ▲ 0.0073 )
DIRECTORY
-Basic Information-
Overview | About the MSE | MSE Mechanics
-Databases-
Companies | Currencies | Commodities
-Registration and Trade-
Companies: Register | Buy/Sell
Currencies: Register | Buy/Sell
Commodities: Sell | Purchase
WELCOME TO THE MYRÁVIA STOCK EXCHANGE
TODAY'S NEWS
Stocks and currencies largely continue growth
GENERAL INFORMATIONServices
Stock exchange
Currency trading
Commodity tradingCurrencies
NationStates dollar
Cártányne litavis
Others tradedStock Exchange Capitalization: NS$ 72 165 862 193.77 ( NS$ 72.166 bn )
Companies Trading: 10 || Shares Trading: 5 036 458 125 ( 5.036 bn )
Currency Exchange Capitalization: NS$ 28 568 225 000.00 ( NS$ 28.568 bn )
Currencies Trading: 11 || Currency Units Trading: 15 775 000 000 ( 15.775 bn )EXCHANGE UPDATE TICKER
- 19 June 2017: Myrávia Stock Exchange opens to international trade
- 23 June 2017: Indexes redenominated by factor of 10
- 01 July 2017: Sunday updates discontinued
- 20 June 2017: MSE expanded to national companies with factbook entries in addition to storefronts
- 30 June 2017: Myrávia Currency Average introduced with listing of tenth currency
- 07 July 2017: Myrávia Stock Average introduced with listing of tenth stock
The Myrávia Stock Exchange, established in 1717 CE (2418 CA) by the Exchange and Security Act 2418, acts as the centralized monetary and corporate holding and trade authority of the Ascendancy of Cártána. The corporate holding and trade entity best operates as a stock exchange - a central trading market exchanging shares, bonds, and other financial securities and corporate holdings - but also operates in the exchange and trade of various currencies and valuable commodities. Based from the trading floors of 7 Aderyn Way in the city of Myrávia, the capital and largest city of the Ascendancy, the MSE operates with highly advanced trading technology, working consistently to simplify its tasks and opening the way to become a strong player on the stock markets of the world.
Our primary objectives are to:
1) Maintain domestic strength and grow international competitiveness,
2) Ensure a high quality of service to our represented companies and our trading clients, and
3) Attract new clients to invest in the many opportunities worldwide that the MSE will present.
Myrávia, capital of the Ascendancy of Cártána and headquarters of the Cártányne economy
The Myrávia Stock Exchange (MSE) is an exchange entity operating from its headquarters in the District of Myrávia, capital of the Ascendancy of Cártána. The Myrávia Stock Exchange is the primary exchange entity of the Ascendancy of Cártána, and is by far the largest exchange entity by capitalization and volume within the Ascendancy of Cártána. The Myrávia Stock Exchange operates as the exchange of choice for multinational corporations of the Ascendancy, but also is emerging as a powerful market entity for corporations in foreign territories.
The Myrávia Stock Exchange was founded by various stockbrokers in an agreement signed in 1693 CE (2394 CA). This agreement established basic commission rates and processes for securities sales in the Ascendancy, and was superseded when the Myrávia Stock Exchange was established as a state-managed exchange by the Exchange and Security Act of 1717 CE (2418 CA). In its state-managed days, the initial trading floor was a small apartment building, but the explosion of the Exchange through the late eighteenth and early nineteenth centuries allowed a second trading floor to be obtained on the same site in 1827 CE (2528 CA).
In the early twentieth century, the Myrávia Stock Exchange was transitioned from a state-managed entity to a quasi-autonomous nongovernmental organization (quango), in that its activities were not managed by (but funded with the assistance of) the Ascendancy government. This funding ceased in 1919 CE (2620 CA), at which point the MSE completed a transition into a not-for-profit exchange. Despite suffering during the New Depression of the 1920s and 1930s CE, the Myrávia Stock Exchange began to rapidly outgrow its two trading floors, and the Exchange was transferred to the lower levels of the Old Executive Office Building while a ten-story building was constructed on the Exchange's site on Aderyn Way. This building opened in a grand ceremony on 6 September 1939 CE (12 Aliraya 2640 CA), and houses 8 large trading floors as well as 2 floors for administrative functions. The 1827 CE building was preserved and restored at the same time, and opened as the Myrávia Museum of Economic History.
While the Exchange suffered under the New Depression, it was the Cártányne Civil War (1943-49 CE | 2644-50 CA) that truly devastated the Ascendant economy. Only after the war did the Ascendancy enter the economic explosion that defined the middle and late twentieth century. The Exchange has since suffered fluctuations, including with the Charter Crisis of the late 1970s and the Oil Dip of 1999 CE. However, the Exchange has continued to endure adversity and rebound from instability, maintaining consistent growth so far in the twenty-first century.
The Myrávia Stock Exchange was founded by various stockbrokers in an agreement signed in 1693 CE (2394 CA). This agreement established basic commission rates and processes for securities sales in the Ascendancy, and was superseded when the Myrávia Stock Exchange was established as a state-managed exchange by the Exchange and Security Act of 1717 CE (2418 CA). In its state-managed days, the initial trading floor was a small apartment building, but the explosion of the Exchange through the late eighteenth and early nineteenth centuries allowed a second trading floor to be obtained on the same site in 1827 CE (2528 CA).
In the early twentieth century, the Myrávia Stock Exchange was transitioned from a state-managed entity to a quasi-autonomous nongovernmental organization (quango), in that its activities were not managed by (but funded with the assistance of) the Ascendancy government. This funding ceased in 1919 CE (2620 CA), at which point the MSE completed a transition into a not-for-profit exchange. Despite suffering during the New Depression of the 1920s and 1930s CE, the Myrávia Stock Exchange began to rapidly outgrow its two trading floors, and the Exchange was transferred to the lower levels of the Old Executive Office Building while a ten-story building was constructed on the Exchange's site on Aderyn Way. This building opened in a grand ceremony on 6 September 1939 CE (12 Aliraya 2640 CA), and houses 8 large trading floors as well as 2 floors for administrative functions. The 1827 CE building was preserved and restored at the same time, and opened as the Myrávia Museum of Economic History.
While the Exchange suffered under the New Depression, it was the Cártányne Civil War (1943-49 CE | 2644-50 CA) that truly devastated the Ascendant economy. Only after the war did the Ascendancy enter the economic explosion that defined the middle and late twentieth century. The Exchange has since suffered fluctuations, including with the Charter Crisis of the late 1970s and the Oil Dip of 1999 CE. However, the Exchange has continued to endure adversity and rebound from instability, maintaining consistent growth so far in the twenty-first century.
-MSE Rules and Regulations-
We at the MSE reserve the right to edit all rules and regulations as we see fit without any notification. Please review these rules regularly to ensure your knowledge is up to date.
Please remember that any lack of knowledge or awareness of the rules does not exempt from your obligation to the rules and regulations.
- No more than four applications may be attached for each submitted communication. If any further applications are submitted, those applications after the fourth will be specifically rejected, or a communication from the MSE will be initiated to determine which applications are most in favor of our client's interests.
- The MSE establishes a limit of shares and currency units that may be held by any one entity. Any application submitted exceeding these maximums will be summarily rejected by the appropriate authorities of the MSE.
- Fewer than 2 million shares or units for sale: 40% of shares for sale
- 2 to 5 million shares or units for sale: 30% of shares for sale
- Greater than 5 million shares or units for sale: 20% of shares for sale
- Please do not provide unrealistic valuations for your entities. We reserve the right to adjust or reject unrealistic valuations.
- Please keep your initial share price (company value over total shares) below NS$ 500, and ideally below NS$ 100 (all values over NS$ 100 will be verified by direct communication).
- When registering a currency, provide its value in NS$ per unit currency.
- Stock listings may be made without factbook or storefront links if a factbook or storefront link is provided within one month from the listing date.
- The "Full Name of Entity" and "Representative" spaces of the stock and commodity transaction forms relate to the PURCHASING entity, not the entity being PURCHASED.
- Generic currencies (i.e. the euro) will be listed as having a "various" nation of origin. Any nation which uses a listed generic currency may offer it for sale at the current price.
- If you want to create a specific version of a generic currency (i.e. the XYZian euro), make sure to add a national descriptor (demonym) to the Full Currency Name.
- I'm accepting no more currencies above NS$ 2 per unit - keep them below that, and ideally below NS$ 1, to provide some variety on the list
The MSE attempts to bring semi-realistic macroeconomics to NationStates. Here at the MSE, we're going to bring market fluctuations and trends into the calculations for companies' share worth, in order to provide a more in-depth experience for companies, governments, and traders. Participants will be notified of economic developments, so as to be able to prepare responses. In general, expect at least one major and one minor event a month, and be prepared to respond accordingly. In addition, the MSE will keep track of in-game developments, which will help drive market changes to some extent. Otherwise, only minor day-to-day and week-to-week fluctuations will occur.
There are a few variables that will play into share prices each and every day: Volatility Multiplier, Market Trend Factor, and a Randomly-Generated Value.
A stock's volatility multiplier is a value between 1 000 and 10 000 generated weekly. This value is multiplied by the sum of the randomly generated value (ranging from -500 to +500), the market trend factor (a 10-day average of the random values), and any adjustments due to currently ongoing economic trends or roleplay events. This resulting value is divided by 200 million to provide a factor adjustment to the price of each stock or currency. The divisors for both currencies and stocks can be boosted or reduced depending on economic events as well.
In addition to the previous effects, the market trend factor may be adjusted upward greatly for a short time if a rally occurs or vice versa if a crash occurs, in combination with a massive short term increase in volatility. The lower the trend factor, the greater the chance and intensity of a rally, and the higher the trend factor, the greater the chance and intensity of a crash.
An Example: A stock's price is $10 per share, its volatility multiplier is 10 000, and its market trend factor is +50. There aren't any current events going on relating to this stock (adjustment of 0). A random factor of +50 is generated. The total value generated is 1 000 000, resulting in a 0.5% adjustment in the stock price - its next-day price is $10.05 per share.
For the first 9 days a stock or currency is on the exchange, its random number range will start at -50 to +50 and increase 50 in either direction each day, to prevent stocks immediately crashing simply from random number values.
There are a few variables that will play into share prices each and every day: Volatility Multiplier, Market Trend Factor, and a Randomly-Generated Value.
A stock's volatility multiplier is a value between 1 000 and 10 000 generated weekly. This value is multiplied by the sum of the randomly generated value (ranging from -500 to +500), the market trend factor (a 10-day average of the random values), and any adjustments due to currently ongoing economic trends or roleplay events. This resulting value is divided by 200 million to provide a factor adjustment to the price of each stock or currency. The divisors for both currencies and stocks can be boosted or reduced depending on economic events as well.
In addition to the previous effects, the market trend factor may be adjusted upward greatly for a short time if a rally occurs or vice versa if a crash occurs, in combination with a massive short term increase in volatility. The lower the trend factor, the greater the chance and intensity of a rally, and the higher the trend factor, the greater the chance and intensity of a crash.
An Example: A stock's price is $10 per share, its volatility multiplier is 10 000, and its market trend factor is +50. There aren't any current events going on relating to this stock (adjustment of 0). A random factor of +50 is generated. The total value generated is 1 000 000, resulting in a 0.5% adjustment in the stock price - its next-day price is $10.05 per share.
For the first 9 days a stock or currency is on the exchange, its random number range will start at -50 to +50 and increase 50 in either direction each day, to prevent stocks immediately crashing simply from random number values.
-MSE Indices-
The MSE operates four main indices - two for each of the stock and currency exchanges.
MSX and MCX: The Myrávia Securities Index and Myrávia Currency Index are the all-entity, capitalization-weighted primary indices of the stock and currency markets being carried over the MSE. They are calculated as the sum of the publicly-traded market values (or capitalizations), adjusted for corporate or government actions which affect capitalization, of all the companies (for the MSX) or currencies (for the MCX) on the Myrávian Stock Exchange divided by a factor adjusted to maintain index continuity. To begin, the MSX has been set at a value of 100 000 (for which a divisor will be calculated when the first company joins the exchange), while the MCX has been set to 122 970 to reflect the value of the Cártányne litavis (with a divisor of 100 000 applied to begin the index).
MSA and MCA: Once ten companies or currencies are registered, the respective average index - either the Myrávia Securities Average or the Myrávia Currency Average - will be initiated. Unlike the MSX and MCX, the MSA and MCA are calculated by taking the sum of the prices of the ten entities (nine plus the Cártányne litavis, in the case of the MCA) with the highest publicly-traded market capitalization (selected each week), then dividing them by a divisor value to obtain the index value. Each index, when introduced, will be introduced at a value of 100 000, with the divisor calculated accordingly. The divisor will be recalculated whenever necessary to account for changes in the top-10 market capitalization companies.
The MSE operates four main indices - two for each of the stock and currency exchanges.
MSX and MCX: The Myrávia Securities Index and Myrávia Currency Index are the all-entity, capitalization-weighted primary indices of the stock and currency markets being carried over the MSE. They are calculated as the sum of the publicly-traded market values (or capitalizations), adjusted for corporate or government actions which affect capitalization, of all the companies (for the MSX) or currencies (for the MCX) on the Myrávian Stock Exchange divided by a factor adjusted to maintain index continuity. To begin, the MSX has been set at a value of 100 000 (for which a divisor will be calculated when the first company joins the exchange), while the MCX has been set to 122 970 to reflect the value of the Cártányne litavis (with a divisor of 100 000 applied to begin the index).
MSA and MCA: Once ten companies or currencies are registered, the respective average index - either the Myrávia Securities Average or the Myrávia Currency Average - will be initiated. Unlike the MSX and MCX, the MSA and MCA are calculated by taking the sum of the prices of the ten entities (nine plus the Cártányne litavis, in the case of the MCA) with the highest publicly-traded market capitalization (selected each week), then dividing them by a divisor value to obtain the index value. Each index, when introduced, will be introduced at a value of 100 000, with the divisor calculated accordingly. The divisor will be recalculated whenever necessary to account for changes in the top-10 market capitalization companies.
