Grand Exchange



The Grand Exchange (also referred to as the GE) is a trading system for players to buy and sell almost every tradeable item (currently 6,032 items) with any other player from any world. Traders don't need to meet up with each other, and they don't need to wait at the Grand Exchange for their trade to complete. All coins and items from partially and fully completed trades are collectible at any bank (but not at bank chests or deposit boxes). This trading system is similar to modern real-life stock exchanges.



The Grand Exchange also refers to the location of this trading system; a large official market area in the north-west of Varrock city.

It was released on 26 November 2007 and has since completely replaced the older marketing areas trademark of Varrock and Falador.

Getting to the Grand Exchange


The Grand Exchange is located north-west of Varrock. Players can enter the Grand Exchange market area in five different ways:
 * Walking through the east gate of the area, coming from Varrock Palace.
 * Walking through the south gate of the area, coming from a variety of locations such as Varrock, the Cooks' guild, or Barbarian Village. After completing any part of the Varrock Achievement Diary, members have the option of changing the destination of the Varrock Teleport spell to this gate rather than to Varrock market square.
 * Crawling through the underwall tunnel in the north-west of the area, coming from Edgeville, the Wilderness, Fairy Ring DKR, or a Canoe; (members only, requires level 21 Agility).
 * Arriving at the Hidden trapdoor in the north-west of the area through the Mine Cart transportation system (members only, requires starting of The Giant Dwarf).
 * Being teleported to the Spirit tree in the north-east of the area by any of the other Spirit trees (members only, requires completion of Tree Gnome Village).

Traders and Merchants


In the Grand Exchange, there are merchants (Identified on the map by what they give information on). They will give prices of items in their specific market sector. They are not exactly correct, but in the range.

A very fast and safe way to make money using the grand exchange is buying law talismans at min and selling them at market price, huge profits can be made with almost 95% guarantee of making money.This is because of the high demand which is growing daily.


 * Bob Barter gives information on herbs and can decant potions by combining them into their full doses.
 * Relobo Blinyo gives information on logs.
 * Farid Morrisane gives information on ore.
 * Murky Matt gives information on runes. He can combine partially charged items, such as Amulet of glory (1) and Amulet of glory (3), into Amulet of glory (4) and Amulet of glory '(0)'.
 * Hofuthand gives information on armour and weapons.

Item sets

 * Jagex's Official Grand Exchange Guide: Item Sets

The Dwarf multicannon and most armours can be assembled and traded as a set, rather than having to trade them individually. This has the advantage of requiring only one trading slot and banking slot. To assemble and disassemble any set for free, talk to a GE clerk. All items will become one item. ' YOU CAN ONLY GET YOUR ARMOUR BACK BY TALKING TO A CLERK AGAIN. '

Price Mechanics
Prices are partly governed by the Law of Supply and Demand Using the law of supply and demand, prices are automatically updated depending on their recent trading volume and prices. For items with low volume, such as party hats, their prices may only be updated every few days or even once a week, or indeed more infrequently (Spirit shards for example, do not change at all). Prices are also partly governed by trade restrictions (see section "Trade Restrictions" below).
 * If an item is in high demand with low supply, the price will increase.
 * If an item is in low demand with high supply, the price will decrease.
 * If the demand for an item is matched by its supply, the price will remain fairly constant.

If the buyer's bidding price is higher than the seller's asking price, then the GE instantly completes the transaction at the price of the earlier offer. For competing offers, the Grand Exchange prioritises earlier offers over later offers (other things being equal).

Jagex has not published the Grand Exchange's exact pricing algorithms.

Jagex refers to price rises on the runescape home website.

Navigation on World 2
World 2 is one of the largest trade worlds, for that reason players have a tendency to organise themselves to be presentable to the competition and customer. Some players will sell through neo-genuine merchanting interface for a better price. Most new merchants direct their positon close to the Grand Exchange Clerks or to a Bank far from the Grand Exchange. Rare sales are in the North of the clerks and to the South-east (off the steps). Weapons are sold South of the clerks. The East and West areas are where junk sales are. Lends tend to be in the South and to the north. The Eastern area is usually dedicated to non-combat use items such as herbs and food.

Trading Tips



 * For the RuneScape Wiki price guide, see Grand Exchange Price Guide.
 * It is very helpful to be patient for your item to buy or sell,if you are selling something and it won't sell ,first try to sell it for minimum price then after 5 minutes try normal price,while waiting,craft,mine,smelt,train anything to keep you occupied
 * It is possible to bargain at the GE by waiting to see whether a trade goes through and adjusting the price if it doesn't. You should make fires, cook, cast Low Alchemy, High Alchemy or Superheat Item while waiting. This way only a tiny amount of time is purely used for bargaining.
 * An offer is inactive if it has moved outside the ±5% price range, therefore it is important to check offers occasionally.
 * Some processed materials are cheaper than raw materials, i.e. cut gems are cheaper than uncut gems. This is partly because processing the raw materials gives experience, i.e. 50 crafting experience for cutting an uncut sapphire.
 * Advice suggesting what a player should buy or sell specific items is possibly manipulative. (See section "Price Manipulation" below.)
 * A very important tip! The very first selling offer you make will be taken by the RuneScape system, probably to help newcomers to the GE. If you sell a very expensive item, you can get a lot of coins in an instant. However, immediately after, any selling offers you make will need to be purchased from someone else.

Before the Grand Exchange
Before the Grand Exchange, players used to buy items that they needed from the General Store. Also, before the Grand Exchange, you could sell items for very low prices; a Dark cavalier could be sold for 50 coins, but you can now sell them for 51,000 coins. Many players didn't know what the prices of things were because there were no indications or lists about it. This caused a great deal of scamming as players sold items for low prices or unfairly high. A common place for trading was Worlds 1 - 6 behind Varrock Bank, where the Grand Exchange is today. The best way to advertise your item was through typing it out constantly. Jagex decided to implement the Grand Exchange to prevent real world trading.

Trade Restrictions
Every trade restriction is intended to reduce price manipulation, real world trading, and/or unfair interaction between low level and high level players.

On the issue of price manipulation, Jagex said, "We are keen to keep a player-driven economy, so the prices are worked out using the supply and demand rules above. We will only intervene as a last resort, and only if we think price manipulation is going on, although the system has lots of safeguards to prevent that."

Absolute prices: ceilings & floors
Some items cannot be traded above or below certain prices. The maximum price allowed is called a "ceiling," and the minimum price allowed is called a "floor." Spirit shards have a fixed price, which means they have an identical ceiling and floor.

This trade restriction is intended to reduce price manipulation. Some examples:
 * Popular alchemiseable items often have floors slightly above the coins generated by high alchemy, which discourages money-less levelling.
 * Items with infinite supply in NPC shops had ceilings and floors close to NPC shops' prices, which discouraged low-level players from buying from NPC shops and selling to high-level players through G.E. For example, some high-level players used to pay 100 coins for each jug of water and used them to create wine, which means low-level players could fill empty jugs with water and gain up to 246,000 coins per hour! Price ceiling reduced this cooperation, and the ceiling was relaxed when infinite shop stock was replaced with personalized shop stock.
 * Items used by both low-level and high-level players, such as water runes and earth runes, usually have prices beyond the low-level players' budget because high-level players can easily outprice them. For example, a level 19 mage needs about 180 coins to cast one curse spell. Price ceiling reduces this competition.

Unfortunately, ceiling and floor create some overvalued items (also called "junk" items), and some undervalued items which have to be traded for junk items. Jagex has a sticky thread on its forum for players to provide feedbacks about specific items' ceilings and floors. 

Jagex has not published a list of items displaying each item's ceiling and floor. The values can really only be inferred from attempting to purchase or sell an item and the limit to raise or lower the price from the "average" value is less than 5% to the maximum or minimum value.

Relative prices: ±5% limit
It is compulsory to buy and sell all items within ±5% of its current market price, unless there is a ceiling or floor, in which case the ceiling or floor takes priority. Any offer outside of this ±5% range is inactive. This restriction is entirely intended to fight price manipulation and real world trading.

Buying & selling rates
The following trade restrictions are entirely intended to fight price manipulation.


 * 1) It is not possible to sell any quantity of the item that you previously purchased using the GE, unless 4 hours have passed.
 * 2) It is not possible buy more than some quantity of the same item every 4 hours. The exact quantity is shown in the following table:


 * {|class="wikitable"

!Item !Max quantity per 4 hours !Item !Max quantity per 4 hours !Item !Max quantity per 4 hours Barrows & Dragon
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Woodcutting
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Fishing & Cooking
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Fletching
 * Log
 * 25,000
 * Raw fish
 * 20,000
 * Arrow
 * 10,000
 * Ashes
 * 10,000
 * Food
 * 10,000
 * Arrowtip
 * 10,000
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Mining & Smithing
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Herblore
 * Bow
 * 5,000
 * Ore
 * 25,000
 * Herb
 * 10,000
 * Bow string
 * 10,000
 * Bar
 * 10,000
 * Potion
 * 10,000
 * Unstrung bow
 * 10,000
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Crafting
 * Vial
 * 10,000
 * Feather
 * 10,000
 * Soft clay
 * 10,000
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Runecrafting
 * Flax
 * 25,000
 * Hides
 * 10,000
 * Rune
 * 25,000
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Armour & Weapon
 * Gem
 * 5,000
 * Talisman
 * 5,000
 * Armour
 * 100
 * Jewellery
 * 5,000
 * style="text-align: left; vertical-align: middle; "|Tiara
 * style="text-align: left; vertical-align: middle; "|1,000
 * Gem
 * 5,000
 * Talisman
 * 5,000
 * Armour
 * 100
 * Jewellery
 * 5,000
 * style="text-align: left; vertical-align: middle; "|Tiara
 * style="text-align: left; vertical-align: middle; "|1,000
 * style="text-align: left; vertical-align: middle; "|1,000
 * 10
 * Battlestaff
 * 100
 * colspan="2" style="background-color: rgb(255, 255, 204); "|Summoning
 * God Wars Armour
 * 10
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Prayer
 * Spirit shard
 * 10,000
 * Treasure Trail armour
 * 2
 * Bones
 * 10,000
 * Proboscis
 * 100
 * Discontinued item
 * 2
 * valign="middle" bgcolor="#ffffcc" align="left" colspan="2"|Construction
 * Pouches
 * 5000
 * bgcolor="#ffffcc" colspan="2"|Farming
 * Flatpack
 * 100
 * colspan="2" style="background-color: rgb(255, 255, 204); "|Hunter
 * Seeds
 * 5,000
 * Plank
 * 10,000
 * Chinchompa
 * 20,000
 * Coconuts
 * 50,000
 * }
 * The buying restriction on any armour applies to all armours of the same set, i.e. maximum of 51 bronze platebodies and 49 bronze platelegs every 4 hours. This includes armour from treasure trails.
 * Failure to buy or sell something, could be because of these trade restrictions rather than because nobody is selling or buying.
 * 20,000
 * Coconuts
 * 50,000
 * }
 * The buying restriction on any armour applies to all armours of the same set, i.e. maximum of 51 bronze platebodies and 49 bronze platelegs every 4 hours. This includes armour from treasure trails.
 * Failure to buy or sell something, could be because of these trade restrictions rather than because nobody is selling or buying.

Tradeable items not traded over the Grand Exchange
Some items are tradeable using the traditional player-to-player trade, but are not tradeable using the Grand Exchange. The list includes:


 * Burnt foods.
 * Most Tools for Games items available from Faruq in Al-Kharid, including magic skullballs, marker seeds and voting hat.
 * Items from the quest Shield of Arrav: half certificate, phoenix crossbow, and weapon store key.
 * Items from the quest Heroes' Quest: miscellaneous key and Pete's Candlestick.
 * Ogleroot from the mini-game Vinesweeper.
 * Cursed magic logs from the Spirit Realm.
 * Ancient artefacts from PvP Worlds and Bounty Worlds.
 * Partially charged items: amulet of glory (1-3), games necklace (2-7), and black masks (1-9). Murky Matt can combine these items into their full charges, which is similar to potion decanting.
 * Gnomeballs
 * Coins can not be sold directly to other players, but are used as currency.
 * Blurite

The Grand Exchange replaces genuine merchants
The Grand Exchange has made replaced much of the role of genuine merchants.
 * 1) All genuine merchants have exactly one legitimate role: to decrease the overall transaction cost.
 * 2) Transaction cost is the cost of finding someone to trade with, bargaining and enforcing a trade agreement, and transferring the agreed goods and/or services.
 * 3) The Grand Exchange finds someone to trade for us. It searches every trade, always and every world.
 * 4) The Grand Exchange bargains for us. If the buyer bids higher or equal to the seller’s asking price, then the Grand Exchange instantly completes the trade. If not, then it doesn’t—but in this case genuine merchants cannot profit anyway. If the buyer bids lower than the seller’s asking price, then genuine merchants cannot profit by buying from the seller at some price and later selling to the buyer at a lower price. Also, when a trader bargains at the GE by waiting to see whether a trade goes through, he or she can make fires, cook, alchemise, or superheat while waiting. This way only a tiny amount of time is purely used for bargaining.
 * 1) The Grand Exchange transfers the items halfway for us. We still have to bring the items to the marketplace, but the GE brings the items from the marketplace to our collection box. We can collect them at any bank, and all we had to do was teleport to Varrock and run to the GE once.
 * 2) In summary of 1 through 5, the Grand Exchange has made genuine merchants almost obsolete.

Roles merchants can still fulfill:
 * Market making
 * Keeping stock of items
 * Smoothing out peaks and troughs in price
 * Supplying adventure kits
 * Buying and selling slow moving items
 * Buying and selling outside the transaction limits
 * Buying and selling rares and junk
 * Buying items bought in error, or overbought, without the 4 hour limit
 * Buying from and selling to NPCs
 * Buying and selling near sources and sinks - this merges with running if no bank is available, or indeed merchants can employ their own runners.

Price manipulation
Price manipulation is generally considered to have two main types and several subtypes; they are categorized differently because they work somewhat differently, and have different measures taken to prevent them. The two main types are disclosure-based manipulation and trade-based manipulation.

Disclosure-based manipulation
"This occurs where a person [discloses] false or misleading information which has the effect of misleading other participants about the value or trading volume of a security." (Every tradeable item in RuneScape is a security.) Disclosure-based manipulation is a fraud.

Of course it is also possible to disclose true information to manipulate a price. E.G. "I have an order in for 10,000 abyssal whips."

Pyramid scam
How some merchant clan leaders use a form of pyramid scam on people, in five steps:
 * 1) Some merchant clan leaders secretly buy many of an item.
 * 2) They recruit and mislead people into buying the same item at a higher price, thus raising the item's price.
 * 3) They encourage people to recruit even more people - rewarding them with clan "rank", thus creating a pyramid.
 * 4) They set a "dump price" for everyone to sell.
 * 5) They either secretly sell their item before this dump price is reached - which it rarely is, or they suddenly announce a new dump price; in both cases many people are still buying the item. What these people are misled into buying is the item they are secretly or suddenly dumping.


 * Steps 2 through 5 may overlap.

Trade-based manipulation
"This is the buying or selling of a security by a person [or group] which misleads or deceives other participants about the value or trading volume of that security.” It has many subtypes, but only two significantly damage the RuneScape economy: matched orders and corners.

Matched orders, pools, and wash sales
These are almost identical and will be treated identically. Someone places an order to buy, and matches it with an order to sell: the buyer and seller are the same person. This transaction is fake because nothing is really being transferred. Matched orders manipulate prices by faking a supply and demand. A group can do this too.

Matched orders also mislead other people into overestimating the trading activities of the security that’s being manipulated, and thus—for slightly technical reasons—mislead them into underestimating the transaction cost of that security.

Matched orders and genuine orders are currently nearly impossible to differentiate on RuneScape. We can only imagine account#1 posting an order to buy a dragon pickaxe for an unusual price, and account#2 selling it for a similarly unusual price. Repeated enough times and the price isn’t so unusual any more, and that’s when the manipulation succeeded. We can also only imagine 2 millions lobsters being bought and sold for the same price on the GE, and so the GE accounts for those numbers when it updates the price of lobsters, but the GE currently doesn’t know whether the buyers and sellers were the same person. We don’t either. Again, matched orders and genuine orders are currently nearly impossible to differentiate on RuneScape.

This is however a limited and somewhat risky tactic on RuneScape for the following reasons
 * 1) Short-selling is not possible without out-of-game trade agreements
 * 2) Because the GE matches goods automatically rather than orders, any one attempting a matched transaction at an inflated price risks buying someone else's commodity, and not selling their own.
 * 3) Conversely any one attempting to depress a price by matched selling, risks having their stock bought out by the market at the low price. Many items have a natural fixed floor (due to alchemy spells or NPC purchasers) and many more have dynamic floors due to substitution effects (for example big bones will always be worth (at least proportionately) more than bones).

Corners or squeezes
Someone buys something, raises its price, and then sells it to another person. In this transaction, a cornering merchant intends to raise price by merely monopolizing his or her competitors, whereas a genuine merchant intends to raise price by at least decreasing the overall transaction cost. (Transaction cost is the cost of conducting a trade: the time and effort of finding someone to trade with, bargaining and enforcing a trade agreement, and transferring the goods and/or services.) Corners manipulate prices by monopolizing a security in a way that increases overall transaction cost, and this additional transaction cost burdens other buyers but not the manipulator. Again, a group can do this too.

The New Zealand government defines corner this way: A corner is where “a person [or group] buys up a substantial volume of a security knowing that other market participants will be forced to buy from him at a higher price.”. Other buyers are forced to buy from a cornering merchant because they are left with few alternatives—the manipulator had already monopolized his competitors. By contrast, other buyers are not forced to buy from a genuine merchant because of two reasons: first, a genuine merchant often has competitors or the threat of potential competitors; second and most importantly, a genuine merchant saves them some trouble of finding someone to trade with, bargaining and enforcing a trade agreement, and transferring the goods and/or services.

This is hard to achieve in RuneScape for the following reasons:
 * 1) Most goods have multiple sources, even hard to obtain items can be acquired by any player with the levels, on any world.
 * 2) Increase in demand (or price) causes an increase in supply.
 * 3) There is a massive stock of items in players' banks.
 * 4) Increase in price causes substitution effects - for example if magic logs doubled, people might fletch bolts instead of bows, burn or alch yew instead of magic.

Implementing the GE
The GE was released on 26 November 2007. Before the GE, Jagex had several legal issues with "real-world trading organisations." These organisations use bots and/or RWT labor to harvest raw materials, and then either sell the raw materials to NPC shops or amass them in a "farm system." Their virtual wealth is then traded to players for real-world money. These organisations operated on both free and member worlds, and Jagex claims that their member accounts were often using stolen credit cards. Payments from stolen credit cards usually have to be refunded, causing administrative costs and other losses for Jagex.

The GE was implemented alongside with a restriction on player-to-player trades: limiting net wealth transfers to 3,000 coins. This trade restriction was intended to weaken real-world traders and every type of price manipulation, but it also hurt genuine merchants and other honest players. Players' complaints caused Jagex to gradually relax the restriction its current level, which is 5,000 for zero quest points; 10,000 maximum for free players; and 60,000 maximum for members. On 1 February 2010, the trade limit was updated. Friends with each other's names on the friends list for over 1 month will have their trade limit doubled when trading with each other, tripled if over 2 months, and quadrupled if over 3 months.

The GE was also implemented alongside a staking limit in order to stop real world trading via staking.

Initial economic effects
Genuine merchant activities were previously some of the most profitable methods of earning coins, but the GE has made genuine merchants almost obsolete. This means all items' transaction costs had greatly decreased, and in turn, most items' prices had decreased: Rune equipments' prices dropped significantly after a few months. Items traded on both free and members worlds were averaged by the GE. For example, cooked lobsters were traded for 250 coins in free worlds but 200 coins in member worlds, and so the GE price was 220. Discontinued items, especially party hats and Christmas cracker, were primarily used in staking and so their prices dropped significantly after the removal of staking. A few items' prices, however, increased after the GE's release. For example, bones were previously not worth the effort to collect and trade, but then their prices quickly increased to about 100 coins.
 * Cooked Shark: 800 to 1700 coins.
 * Cooked lobster: 650 to 220 coins.
 * Rune battleaxe: 40,000 to 25,000 coins.
 * Rune scimitar: 25,000 to 35,000 coins (but later increased to 30,000 when PVP was re-added into the game).
 * Rune platebody: 55,000 to 40,000 coins (but later increased to 55,000 when PVP was re-added into the game).
 * Dragon hatchet: 2.7 million to 2.0 million coins.
 * Abyssal whip 1.3 million to 3.7 million coins.

On 10 December 2007, a series of updates eliminated macros, which were a major source of raw materials. As a result, prices for raw materials that were previously gathered by macros, such as yew logs and raw lobsters, increased to a higher level than their pre-GE level. Yew logs increased from about 350 coins during pre-GE days to about 450 coins after the update. Raw fish are now generally worth more than cooked ones, except for manta rays and sea turtles (because of the potential value in cooking it yourself). The prices of raw and cooked fish are now generally similar to their prices several years ago when macros were not a major problem.

Players' initial reactions
Most players embraced the release of the GE because it greatly reduced their transaction costs (see above section "GE replacing genuine merchants"). Some players, however, criticized the trade restrictions, especially the ±5% trade restriction and the player-to-player trade restriction. Other players criticized Jagex's lack of transparency because Jagex has neither published the GE's pricing algorithms nor the price ceiling and floor of each item.

Some players view the GE as a form of totalitarianism, a political system in which a central authority controls the economy and culture. This claim is largely without fact however, as most of Jagex's actions mirror that of Keynesianism, in the use of government intervention to decrease inflation or recession. The economy is driven by players, but many times Jagex has intervened by raising the prices of items that were significantly below their high alchemy prices, and by correlating the prices of similar items despite the fact almost all players priced them differently. For example, empty jug and jug of water have identical prices, and full potions and partial potions have proportionate prices. Jagex's interventions have discouraged players from using high alchemy to effortlessly train magic, and since high alchemy was a major source of coins, the lack of coins from high alchemy contributed to a deflation called the 2008 Market Dip.

The 2008 Market Dip
In August 2008, the prices of numerous expensive items—godswords, barrows armours, abyssal whip, and high-level treasure trails armours—began to decrease for various reasons. This led to a collective social problem. The players, as individuals, reacted rationally by selling those items to prevent further personal losses, which collectively caused those items' prices to drop further and thus worsening the deflation. By 4 September, prices reached a plateau for most items and even started to rise for some items. By 31 October the market dip was over, although some expensive items were still millions of coins below their prices in August.

Trivia

 * The maximum offer is 2,147,483,647 coins or simply 231−1 coins. This is the maximum value of the Java  type in 32 bits.GE_glitch.jpg
 * 26 Nov '07. Release date of the GE. Players could talk to various NPCs the same way they could talk to GE clerks. Players could not withdraw items from the GE or cancel offers, because items were stored in an older system which wasn't working properly with the GE's system. Many items had market prices enormously lower than their street prices, i.e. pirate's hat at 127 coins and gnome scarf at 1,284 coins. Also, Players could stand on any square adjacent to the GE desk and use a bowstring with an already strung yew longbow, which caused a message to appear in their chat box: "You can't light a fire here."
 * Both the Hands sculptors at the entrance are left hands, not left and right. Which could be a reference to having two left feet, which in turn means being a bad dancer.
 * 1 July '08. The HD graphical update prevented the progress bar of some players' trade offer from changing colour whenever the offer was completed or canceled. This was fixed after the RuneTek 5 engine update.
 * 11 Nov '08. Release date of Stealing Creation. The sacred clay arrows were listed on the GE even though these arrows don't exist outside the mini-game.
 * 9 June '09. A game engine bug prevented players from talking with the GE bankers and clerks, although players could still access the GE through the desk.
 * 26 Aug 09. Items are collectible as noted or un-noted, simply by left-clicking or right-clicking the item.
 * 15 sept 09. Players could search for the newly released spirit shields in the GE. It would appear, but you couldn't place an offer.
 * 17 Sept '09. Two bankers and two clerks were fired by Mod Alan, because the multiple bankers and clerks created redundant right-click options. The firing caused a bug for several months, where all bankers across RuneScape couldn't talk to players, although right-clicking the bankers' desk allow players the option to use quickly.
 * 8 Nov '09. A bug in World 2 caused the Grand Exchange bankers and clerks to vanish for several minutes, along with their banking and trading functions.
 * 10 Nov '09. The desk now only has the examine option.
 * For some unspecified reason, players are able to use the GE search box without being near the GE. This still has not been fixed and is a result due to lag where a player will disconnect for a few seconds after having the full GE interface open then after it re-establishes it will close everything except the GE search bar.
 * After the release of the GE if you searched the exact name of "Andrew Gower," the owner of Jagex, it would display a smiley face as a item result, though after you clicked on it, it would disappear and tell you that there are "no matching items found." This was fixed the week after the release.
 * 08 Feb '10. The Grand Exchange experienced technical problems, including the inability to place orders or cancel orders, and the inability to sell items as well. This angered many players, and Riots erupted in Falador and Varrock, most notably in Falador Square and the Grand Exchange, respectively. The Rants and Recent Updates forums filled with threads about the broken Grand Exchange and a lagging Friend List load time, amongst other problems. More technical problems involving placing and cancelling orders was also experienced on the 10th of April the same year.
 * If the trade for a members item is completed after memebership has expired, collecting the item from a bank will result in that trade box disappearing and being replaced by a blank black box.
 * If the trade for a members item is completed after memebership has expired, collecting the item from a bank will result in that trade box disappearing and being replaced by a blank black box.
 * The desk appears to have symbols of Seren, the Elven goddess, all over it.