Oct 24th 2007, 10:57 system announcement
by IntLibber Brautigan

ACE Advanced Feature Development Underway

As we have stated for weeks, our exchange will be the most advanced in SL, and operated to the highest standards. We will have the following features introduced over the coming weeks:

- Integrated Profit/Loss Reporting System: This will automate the accounting for CEOs, bring order and clarity to the avatar transaction history data, and produce standard, easy to read financial statements that you don't need to be an accountant, or hire an accountant, to produce or understand.

- Price/Earnings and Price to Earnings Growth data streams: The output of the P&L system will allow for charting of P/E and PEG data for the first time in SL.

- In-world graphical charting: First developed by my team in June, and as displayed in prototype at the Venture Square ACE exchange facility, we will offer the first fully detailed graphical charts in SL, displaying candlestick price charts, P/E and PEG charts, as well as volume data, on a company by company basis.

- Stock Options: While ISE has offered written calls for a while, ACE will offer both puts and calls on a large variety of strikes. This will offer much greater price clarity to investors, and greater market stability due to the natural price regulation of stock options on market prices. Only covered options will be permitted, so there is no concern for the sort of leveraging issues and debt accountability one would see with uncovered options.

- Currency Futures: based on data from our own currency exchange, this system will, like stock options, provide clarity and stability to currency exchange prices.

- Land Futures: Lets face it, the data on the land market in SL is a mess. LL reports all paypal paid land deals as 0L$ transactions. This depresses official prices below what the real price averages are, and is the main reason for the price decline in the land market, not due to any perceived oversupply. Fact is that Supply Linden figures for september were quadruple that of August, and October remains on the same track, if not higher. This means the money supply in SL is expanding along with economic growth being back on the rise. The problem is nobody sees it due to underestimated prices. A land futures market would correct that misperception and stabilize market prices.

Some of these features, the competition has now come out and said they are developing, in response to our upping of the standards. Whether they deliver is another story to be determined. The facts are that ACE is now leading the market in its dedication to customer service and satisfaction.
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