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[personal profile] seperis posting in [community profile] market_roulette
Argh, one more today before I go underground with work--Christ, it's five sixteen AM here, what the hell.

Buying Rules

[personal profile] jamethiel and I have been studying market rules and market indices and blah blah blah. Here's what we came up with.

The NYSE seems to be the most accurate listing of stocks that are available worldwide. This is not a foolproof system, and it's painfully Americancentric, but in our defense, it's not like America doesn't do that like, a lot. In general, this method seems to work. I've checked against the ASX, London, and Euronext and I even babelfished Japan yahoo and I'll run through the United Arab Emirates tomorrow just to be safe, and in general, they all follow NYSE pretty closely. If a stock is listed as NYSE or NasdaqGs, it's listed in your country. That will be the final ruling on whether a stock is added to the master list, which is about to get a huge update since this makes it a little easier to sort them out.

[This system will have to ignore certain trading embargos and blacklisting in certain countries. Honestly, I will remove it if it comes up, but I'm working from American and babelfish translations and without being a national of that country, it's hard to be sure if a company is actually not offered at all or it's being offered but no one wants to really admit it, or its' only offered to really rich people. I apologize in advance; any international players who want to correct me on their country and a stock's availability, please do so.]

So anyone who wants a stock added to the list, name it and it's symbol, I'll do a check against NYSE and NasdaqGs and it will be added. Yu can also do it yourself as well; enter the ticker number and it should say something like (NasdaqGs: Ticker) or (NYSE: Ticker). If it doesn't, send it anyway; it may show up under another ticker internationally.

[personal profile] calligrafiti - I'm checking against the emerging market you linked to and verifying membership on the major indices. This will speed that up immensely, but if there's any one specific that you liked and want to add, leave it in comments and I'll do that one tomorrow.

Market Rules

You can buy/sell at any time in any market in your country. Some of you have two to four to six to eight to a lot. So a quick reference:

Market Clocks, which show all the markets in your country. You may use any of these.

Go look at it right now. Minor as well as major indices are located here, so ones I didn't have listed show up here and you can use them.

The following market times added:

UK - You can use the London Stock Exchange and Euronext. Euronext is not listed in the above, but I researched and they operate a subsidary out of UK.

Germany - You can use your six markets, but not Euronext. They do not operate out of Germany.

Hong Kong - both the Hong Kong exchange and any Chinese market.

US - you have to use only the markets listed at that website. Euronext/NYSE went worldwide, but they still operate by local market times.

In closing, Euronext/NYSE is taking over the world and ASX is trying to expand, and I'm feeling really wary about some of the international negotiations going on. Updates will be added here.

International Companies

When adding, one thing that comes up is that many countries register in multiple countries (see CRNT). I'm trying to make the list less American-centric, but if you see a country listed under Israel with a Delaware address, yeah, that's why. Ask [personal profile] svmadelyn about Delaware.

Master List

Master List - this spreadsheet is the new common reference for everything, so discard all other links. The participant list, currency converters and market lists are all in here. See tabs for more information.

Clarification

Above regarding NYSE:

This does not mean the stock is listed worldwide. It may not be listed at all in your market. However, under your-market-only rules, it would be impossible to list stocks available everywhere, because none are, and several of you are in markets that are intensely local or region-oriented.

However, if you were registered with a full service broker, it wouldn't matter; they'd handle the transaction for a stock not listed in your market. There are a lot of options to getting international stocks.

I meant to add to the list, but it was six in the morning and I was really tired. So here is the complete list:

1.) NYSE, any version.
2.) Euronext, any version
3.) ASX - Australian Stock Exchange
4.) LSE - London Stock Exchange
5.) TSE - Tokyo Stock Exchange
6.) Hong Kong Stock Exchange
7.) Shanghai Stock Exchange
8.) Toronto Stock Exchange
9.) Deutsche Börse
10.) NASDAQ
11.) Any stock listed in your local market.

Reasoning:

To get listed, there is a vetting process. It's not always great, but it's there. For January, you can buy any stock that is below $30 USD listed on those markets while I continue to update the stock list, since I'm vetting that a little stricter.

Suffixes:

This is complicated and has to do with markets and pink listing. Not hugely important in terms of buying, but ADD is not the same as ADD.PK, so to speak, so check your suffixes when you buy.

I'll add more to this either tonight or tomorrow. There's total of two hundred stocks I'll be adding to our stock list in the next week or two. If you find one you want listed, comment. As of February 1,2011, you can only buy stock from that list, along with whatever you purchased in January; anything anyone purchased in January will go on that list as well. The stock list will be updated fairly frequently after that, and we'll take requests if you find one you like.

Okay, that should cover it.
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