Trading Guide
This Trading Glossary forms part of the OneSeason Terms of Service and is incorporated by reference therein. Don't forget:
GLOSSARY OF TERMS AND CONCEPTS:Account Value - The estimated value of a user's account combining his or her Free Cash balance and Sportfolio less any trading commissions that have been paid. Allocation of SOI - IPOs - SOIs are allocated in the IPO process using a formulaic system that incorporates: time priority (first come, first served), amount of live time spent on OneSeason.com and the number of trades completed. This system is intended to provide all traders with equal opportunity to participate in the SOI-IPO process. Buy Offer - The highest price per SOI at which a user is willing to buy an Issue. Buy Order - An order to acquire SOIs. Commission - The fee for the buying or selling of an Issue. Free Cash - Refers to available cash in a user's account which may be used for transactions on OneSeason or withdrawn upon request. IPO(Initial Player Offering) - Refers to an SOI at its original issuance into the Primary Market. Issuance Process - SOIs are issued to the system based on user demand. All SOI-IPOs are issued at $5.00/SOI so it is the number of SOIs that determines the initial total value. The number of SOIs issued in an IPO is determined by a formulaic discount to demand provided by the Requested IPO Shares. Issuance Request - Users with a qualified trading account may request for SOIs to be issued. Issue - The publishing and giving out of an SOI. Market Hours - Trading is open from 9:00 a.m. (Eastern Time) to 12:00 a.m. (Eastern Time) 6 days a week (closed on Saturday). During some holidays and other necessary dates trading may be closed and notification will be provided. Market Manipulation - The buying or selling of shares to create a false or misleading impression of actual trading or market conditions. Matching Engine - The process through which new and open orders query the system continuously until a suitable match is found. Notice of Upcoming Issue - Is a notification of an upcoming SOI-IPO showing a range of SOIs to be issued and an expected date of issue. OneSeason Trading - Is an electronic system providing real time quotes and order matching between buyers and sellers of SOIs. It is a free market system driven solely by supply and demand. The total value of SOIs is determined solely by market forces. At no time does any OneSeason entity or affiliate seek to influence or manipulate the total value of SOIs through artificial mechanisms including, but not limited to, market makers, specialists, ghost traders, statistical models or predictive algorithms. OneSeason does not participate in any proprietary trading. In fact, OneSeason does not participate in the trading market whatsoever; we only facilitate it. Open - The price of an SOI at the opening of market hours. Open Orders - Any trade orders that a user has placed to buy or sell SOIs but that have not yet been completed or filled to the user's specifications. Order/Price Multiple - Trading is to the penny (no fractions will be used). Price - A share weighted average price for the 3 most recent transactions. Primary Market - This is part of the SOI-IPO (Synthetic Ownership Interest - Initial Player Offering) process and consists of the issuance and initial distribution of SOIs. Realized Gain - This occurs when a user has exited (i.e. liquidated) a trading position and captured a positive return due to a sale price higher than the acquisition price. Realized Loss - This occurs when a user exited (i.e. liquidated) a trading position and captured a negative return due to a sale price below the acquisition price. Request IPO Shares - This is the number of SOIs a user would like to be allocated for any given issuance of an SOI-IPO. In order to Request IPO Shares, a user must have a qualifying trading account and have adequate Free Cash available to be reclassified as Reserved Cash. Reserved Cash - This is a temporary reclassification of Free Cash associated with participation in SOI-IPOs. Reserved Cash representing the value of all SOI-IPO requests remains set aside and cannot be used for any other purpose. If a user is not allocated their requested SOI-IPOs then their Reserved Cash is reclassified as Free Cash. If a user sells an SOI-IPO into the Secondary Market then their associated Reserved Cash is reclassified as Free Cash less any trading Commissions. If an SOI-IPO is dissolved then the user's associated Reserved Cash is reclassified as Free Cash. Reverse Split - This is a reduction in the total number of SOIs outstanding caused by reissuing those SOIs at a higher value. SOIs will Reverse Split at a ratio of 1:2 (or a multiple of 1:2) when the SOI weighted average price for a period of time leading to the close of trading hours is below $0.75. Reverse Splits will only take place after trading hours. All outstanding orders will be wiped from the board (i.e. removed from the system) and no aftermarket orders will be accepted that evening. Orders will resume at market open the following morning at the new Price/SOI. The remainder of any partial SOIs in a Reverse Split will remain locked in the user's account until such time that the partial SOI Splits and those become whole SOIs again. Secondary Market - This is where SOIs are traded between users Sell Offer - The lowest price per SOI at which you a user is willing sell an issue. Sell Order - An order to sell SOIs. SOI(Synthetic Ownership Interest) - A virtual property right within OneSeason. SOI Sportfolio - This refers to a user's collection of SOIs trading in the Secondary Market. SOI - IPO - This is an SOI at its original issuance into the Primary Market. SOI - IPO Sportfolio - Is your collection of Primary Market SOIs. SOI - IPO Value - All SOI-IPOs are issued at $5 per share. SOIs Outstanding - The total number of SOIs for any particular issue. Split - An increase in the total number of SOIs outstanding caused by reissuing those SOIs at a lower value. SOIs will Split at a ratio of 2:1 (or a multiple of 2:1) when the SOI weighted average price for a period of time leading to the close of trading hours is above $20. Split SOIs must be split below $20. Example: If an SOI closes at $42 then it will Split. After close it will Split at 2:1 making the SOI price $21. The SOI will then need to continue splitting at 2:1 in order to bring the SOI below $20. In this example, the SOI would then trade at $10.50 with 4x the number of shares outstanding. Splits will only take place after trading hours. All outstanding orders will be wiped from the board. Orders will resume at market open the following morning at the new Price. Sportfolio - Refers to a user's collection of SOIs. Ticker Symbol - The four letter designator given to an SOI at Issuance. Trade Value - Is a measurement equal to the Share Price multiplied by the Total Number of Shares Outstanding. Trade Cross - This takes place when a buy order and sell order are matched at a given price. Often a buy order will be filled by several sellers and, conversely, a sell order may be filled by several buyers. Trade Orders - Shows all outstanding and recently executed buy and sell orders for a particular SOI. Volatility - A measure of price movement of an SOI. Volume - The number of SOIs traded in the market of any given Issue. |
