I might have it!

After taking on board the feedback from my proposal the other day to fix the market, I think I've finally come up with a solution that appeases EVERYONE & gets the #footballindex market firmly back on track!

I'll put it all together & tweet it as soon as poss!

1)

Ok here it is:

1. Change visual "buy price" to display average of all share offers

2. Show 5 rungs of depth on all screens (with full depth available where its shown now)

3. Remove all bid/sell floors - maintain ceiling

4. Portfolios valuations set at new "buy" price only

2)

So, as in my previous proposal, the average of all offers becoming the buy price provides a realistic overall valuation based on thousands of shares (not just a measly 900). Crashes caused by price manipulation become eradicated.

3)

In this mock-up, I've used Curtis Jones' average of all offers as his £2.42 BUY price (the other numbers in the blue boxes, the SELL orders, I've just made up)

All the necessary info is visual on all screens, so nobody can complain about only seeing "fake" numbers

4)

Remove all floors - it makes no difference under this system. If someone wants to offer 900 Jones at £1, let them! If there are 10,000 valued at an avg of £2,42, it will only drop his buy price by a small amount (yet under the current system it would actually drop to £1!)

5)

With 5 rungs visible on all pages, we would see that crazy £1 offer suddenly appear in the blue box closest to the "BUY" price (going ahead of the 22 @ £2.28 offer), so if Jones was £2.42, you know if you hit BUY fast enough, you're getting him for a QUID!

6)

Regarding ceilings, there still has to be some form of restriction on sell offers under this model - otherwise, if there are only two offers on a usual £1 player, one offer being 99p and the other being £25, then that WILL show "fake numbers" (a BUY price of £12.50!!)

7)

Finally, scrapping the 4 current portfolio valuation options and setting us all to the new "BUY" price valuation:

We will all be on the same page, and it will become the most realistic player valuation as spreads inevitably tighten up under this system.

And that's it.

8)

Its a replica of the Betfair exchange order book but there may be some issue with colour confusion which will need ironing out (the sell offers show as red in the current depth chart but because they make up buy prices they show blue in my model, bids red!)

So, we having it?

9)

This is a cleaner mock-up

I can't see a downside to adopting this pricing mechanism & informative depth display on all relevant player pages?

The player is now valued at £2.42, yet you know if you press BUY you'll only pay £2.28 (if you just want 22 shares)

10)

The BUY price needs to be stabilised to stop the incessant market crashes - this proposal does just that, whilst still allowing offers/bids at low/high levels

We get a "truer" player valuation sat adjacent to the lowest price a trader is offering to sell at

Everybody wins

And I'll leave it there. Mentally drained after coming up with all this over the past week!

Now its back to enjoying football, (timed out from FI until mid Jan) and not feeling like an FI employee in the research & development department

Ce sera, sera