Monday, October 8, 2007

WSE 4.0h! - Part 2

I know this is a week late, but there is more coming and I didn't want to go into details on the release if there was to be short-term retro-fits or last-minute change requests and hot-fixes.

But I have spoken to LukeConnell and he is currently working on the new features, so I think I am safe for a few days...

So, let's take a look at the new functionality:
From the outside looking in - As a guest, you will notice the two previous changes for the start of WSE 4.0 straight away, EVENTS tab on the main navigation bar and WSE STORE on the top Link bar. These are pretty self explanatory but events leads into another feature I will explain later.
One of the biggest changes undergone at the World Stock Exchange is how IPO's are released. All Initial Public Offerings will be placed in visible application before they are approved, in order for the market to rate them. If you click through to view the applications you will notice the Star system being used for the Market Rating next to each application. Users, once logged in will be able to select a rating and have it recorded against the IPO. There are alsready over 25 applications with hundreds of votes...looks like a lot of interest here. Top marks!

Another newie for the newbies - This time in RESEARCH. Here is where things have gotten a lot cooler.
Instead of a list of the companies and their profile page linked, you now have 3 new options in order to find the company you are looking for.
Firstly, "Search by Name" will allow you to quickly go directly to the desired companies main page.
Secondly, "Search by Sector" will narrow down the search by the type of functions the company performs or simply, what the company does.
And lastly, you can choose to search by Analysts. More on this next.
Also on this page is a list of companies who have recently posted announcements, so you can keep up with new developments. You can also see recent analysts reports.

So, all this talk about analysts, let's go log in and take a closer look.
Once you have logged in you will notice a new option from the right hand navigation bar called Analyst Tools and if you click here you will be greeted with a nice error message stating that "You have not yet applied to become an analyst" You then have the option of Applying and entering details about yourself and submitting you application to the WSE for approval.
After approval (well, someone must be frequenting this site, because I was approved pretty quick!) you will have the option to View your profile, edit your profile and post reports.

Reports are a much needed addition to the WSE. The ability for biased and unbiased (which will be visible now) information to be freely available to the market will help this economy and it's companies and shareholders mature much faster. Although there are only a few reports out at the moment (trust me, I don't want to just give out pretty flyers and say BUY! SELL! ROLL-OVER! I'm working on it...) expect detailed reports on every stock to emerge in the coming weeks.

So, head on over and explore the new functions (I'm sure you already have) and keep you eye out for a really solid analyst with detailed, unbiased and easy to understand reports... ;)

Happy trading,
Logansan Oh
- CEO, Chairman - SW Assets and Funds Management

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