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The Very Big Novatainian Corporation, in association with the Small Commonwealth Bank, are pleased to present, for your financial enjoyment, the


The Small Commonwealth Exchange (SCX) is a micronational stock exchange which combines the best elements of simulated and real trading to provide the best possible micronational stock trading experience, as well as encouraging the development of companies across Micras.

Connected to the Small Commonwealth Bank, traders on the SCX trade in SCUE Currency to gain SCX credits, which they can then use on the SCX. Stocks can be bought and sold from the exchange at any hour of the day or night - so you can trade any time and always find someone to sell out to. Real traders can also offer their stocks for sale at a price they set; and others can buy this automatically. If someone has the stock you want, you can also make a request to purchase it off them, and the system will relay that too them.

The SCX features three exchanges, and over 50 companies already trade on it. The FIEX and ASTEX contain real companies from Nelaga and Shireroth, including such favourites as JASO and BGI. Though the actions of these real companies will be reflected in their stock price; buying stocks for them on the SCX does not give you any ownership or privileges in the outside company. By contrast, the NSX contains a number of simulated companies corresponding to resources on the MCS resource map; anyone can develop them, become CEO, take others over - all the fun of real world finance.

Currently, prices update whenever a trade is made (based on the amount traded); and weekly, taking into account the GDP of the nation the company is based in, any development the company has done that week, a random variation and a special factor based on that exchange. This means that you can do your market research and know which companies are going to go up and which are going to go down by looking at GDP data as well as the company's behaviour outside the SCX. Updates based on GDP and a random factor happen daily; and the SCX is always releasing new features requested by their traders. A weekly update on world finances is also published by the Apollo Aurora, which has excellent updates of all the excitement on the SCX.

The SCX is not limited to the current companies and exchanges - other companies and nations are invited to float on the SCX - take advantage of the work you're already doing on your company to boost your SCX portfolio, with no need to worry about losing control of your company.


Features:
- Buy and Sell with the simulated traders any hour of the day or night – where you want, when you want.
- Browse the bargains other real traders have up for offer and buy stocks directly off them.
- If you don’t like their offers, or they’re holding the last stocks in the company you want to take over, make a request for their stock that’ll be automatically delivered by the system.
- Do your market research and be rewarded as price movements take the real behaviour of the company into account, as well as the GDP of its home nation.
- Separate exchanges for different countries and with different special features.
- Trade in your excess SCUE currency for SCX credits and buy up big!
- Trade out your SCX credits for SCUE currency and make a profit!
- Become the CEO of companies and take others over, building up a vast commercial empire.
- And much much more!

The SCX is not in competition with the SC Bank Stock Market - they cater to different needs. The SCX has regular transactions and updates, but does not sell any ownership or capital to the companies on it; in contrast with the SC Bank Stock Market, which provides the option for companies to sell their ownership and raise capital, but has only irregular transactions.

The SCX are delighted to announce another swathe of new features, the most prominent of which is you can now trade credits back out for SCUE Currency!

That's right. Not only can you trade stuff in; you can also trade out. You can actually make a tangible profit by playing the SCX, and not just by winning the prize. Much thanks goes to the Gralan Government for a very generous grant to make this possible. The exchange rate to trade out floats - it is calculated by dividing the total wealth (credits and stocks) in the system by the amount of SCUE currency in the SCX bank account; and capped to always be at least ten above the Regular Rate (see below). This ensures that when you trade credits out for currency, there's always the same proportion of currency left for everyone else who didn't trade credits out.

We're also rewarding our regulars by introducing a Regular Exchange Rate. Those who have traded 1000 or more SCUE Currency in for credits; and/or who have wealth of 100 000 or more will now be able to trade further SCUE currency in for an increased amount of credits. Currently, the Regular Rate has been set at 100 credits for one unit of SCUE currency. Thus, the exchange rate out is currently 110 credits for one unit of SCUE currency. That's right - if you're a regular, you only need to make a return higher than 10% and you've made a profit! Why not get trading now!

To hear about all the new features (including daily price updates which are now functioning), go the SCX forum.

The SCX is absolutely delighted to announce that dividends are now here.

Profit
Every company now posts a profit statement, available from their Company Details and History page. Their profit is determined on a variety of factors both within and outside of the SCX. Their profit statement will be updated 14 days before they are due to release dividends.

Dividends
Every sixty days, a company will release dividends if they have positive profits. Each company has a dividend rate between 0 and 1, which determines what proportion of their profits they pay out in dividends. This amount will then be divided between all their shareholders to get the dividend rate payable per stock owned. Dividends are a great way to increase your credits on hand without having to sell your stock. All dividends are paid out in credits.

Retained Earnings
The proportion of profits not paid out as dividends is kept as Retained Earnings. This amount is reinvested in the company and will help them grow more and make higher profits in the future. Each CEO must decide how much they want to trade off current profits for future profits.

The Boardroom
CEOs now have the power to enter the Boardroom and modify the dividend rate for any company they are CEO of. This gives them the power to determine how much of their company's profits are paid out as dividends now, and how much are kept as retained earnings. Retained earnings, as above, will contribute to future growth in the company's share price and future profits, and CEOs must weigh this up against receiving the dividends now.

All the info on each company's profits, dividends and retained earnings can be found on their Company History and Details page (though remember you have to select an exchange first to see the companies on it).

While the SCX is delighted to bring you dividends, this is just the start of our new plans. Over the next few weeks, we hope to bring out a host of new and improved features, including a notification system to alert you when your companies post profits and dividends; and a Regulars Lounge, which will include factsheets of SCX data as well as a host of exciting characters who may be able to help you get ahead - for the right price. Don't delay - buy in today!

And don't forget to check out the Apollo Aurora which has an excellent financial section, for all the latest SCX news.

For the next fortnight, the SCX will float new companies entirely for free. All you need to provide is your name, a brief description and your own logo with your three letter stock code on it, and we'll do the rest. Please make your logo 60 pixels wide and 30 high, with your stock code prominently displayed.

And if you want your nation onto the SCX, the price is reduced to a mere 100 units of SCUE currency. That's right - normally 250, now only 100. Just provide us with a description and a logo (500 pixels wide by 100 high) and we'll do the rest - and of course, you can float as many companies as you like on it for the next fortnight for free!

Why would you want your company on the SCX? Here's just a couple reasons:
- Free international advertising - get your name out there where lots of people will see it.
- Get people interested in your company - if they own stock, they want your company to do well and so will be more likely to buy your products.
- Easy investment option for you - invest in the company, keep doing what you already do and make money for it.
- Independent assessment of your companies progress - since the SCX share price reflects how you develop the company, it gives you a good indication of how other's think you're doing
- and much much more.

To take advantage of this special offer, reply here or pm Andreas the Wise.

Share Float
The SCX has officially decided to offer shares to the general public. To begin with, 40 shares shall be offered, at 1000 GELT each. These shares will be issued through the SC Bank Stock Market.

A share in the SCX does not entitle the shareholder to any control over the company. It remains a wholly owned subsidiary of VBNC.

Instead, a share in the SCX entitles the shareholder to a share in the profits from funds traded in. Specifically, each shareholder will receive 1% of all SCUE currency traded into the SCX in exchange for credits. This transaction will occur automatically every time someone trades money in. So from the moment you buy the share on the SC Bank Stock Market, all future profits will begin paying into your account at the time they actualise, for as long as you hold the share on the SC Bank Stock Market.

The money from the share float will go directly to the general funds of the SCX available for users to trade out. This will mean that the exchange rate out will drop, making it more viable for traders to make money on the SCX. So by buying a share, you not only get a share worth 1000 GELT, and a guaranteed future income stream - you also get a warm, fuzzy feeling for knowing that you have helped the economic simulation!

The shares have already been released, and are fully operational.

Exchange Indices
It is now possible to buy a stock at the index level of the exchange. So, for example, if the NSX is worth 560 points, you can buy a stock of "NSX" for 560 credits. This stock does not correspond to any specific company (and so doesn't give out dividends) but instead corresponds to the level of the exchange. It can be bought and sold in the same place as buying and selling normal stocks; and it has the same buy and sell price. You can buy any number of stock in an exchange index, there is no limit.

VBNC is very pleased to annouce the 1.8 Update Series for SCX. This series has been kicked off with an all new snazzy graphing feature for the Market History page, which replaces the old, error prone graphing software. Head on the SCX, select any exchange you want to view, and then go to Market History to check it out!

The 1.8 series will also include the long awaited update to make shares display their type, as well as the ‘Micras Central Stock Exchange’ (MCSX), some new features for the Regulars Lounge, and some general tidying up (eg 'Top of Page' and 'Bottom of Page' links for those long tables).

VBNC Programming Division - For the updates you really need.