Talk:Grand Exchange

The notion of trading
GE is indeed a powerful idea. Global trading and trading while playing is great. However I feel that the hearts of trading is missing here. I would suggest the following two changes to bring back competition and bargaining to the world of trading in RS:

1- Offers should be made on any price, without regulation.

2- A trader should be able to see opposite offers. that is if I want to sell laws at 500 each, I should be able to see any existing offers to buy laws. This way if I see that there are no offers, I would give up selling laws at the moment, while if there are many offers, all at the range of 250 to 300, then I will fix my price.

Sadly, I am not a member so I can not offer this directly to Jagex, but doesn't the current way GE works looks like a strong and annoying control over market prices? --Ourip 12:07, 2 December 2007 (UTC)

WoW link
Is it needed? Atlandy 21:34, 26 November 2007 (UTC)
 * No. JalYt-Xil-Vimescarrot  22:02, 26 November 2007 (UTC)


 * Yes, keep it as it is to another wiki, the one for World of Warcraft. We should support other wikis by using links as needed. Chrislee33 23:14, 26 November 2007 (UTC)

GE is down
It's currently crashed, no-one can abort, people on every world are beginning to riot and argue. Uh oh...
 * And just like that, it's back. Strange.... I saw some guy near 2 player mods shouting "F*CKING JAGEX GIVE ME MY SH*T BACK YOU MOTHERF*CKERS!" I think he got muted. 70.51.67.218 23:02, 26 November 2007 (UTC)


 * See Update:Grand Exchange temp offline . Chrislee33 23:17, 26 November 2007 (UTC)
 * That update has been taken off the RS main page now that GE is back up. Chrislee33 23:19, 26 November 2007 (UTC)
 * My yew logs were subject to that glitch. >.< I came back twice after receiving notifications to find out that my 500 logs for sale had been "aborted".

Servers
Are the items being traded in the Grand Exchange only from the server you are currently on or are they being traded across all the servers? --Makemesmile 02:57, 27 November 2007 (UTC)
 * All, I'm sure. 70.51.67.218 02:59, 27 November 2007 (UTC)
 * I'm led to believe it's all servers.As I DK 03:00, 27 November 2007 (UTC)
 * Thanks for the info. This sure is a powerful system. --[[Image:Emerald_amulet_ms.png]]Makemesmile[[Image:Mud_battlestaff.png]] 03:14, 27 November 2007 (UTC)
 * Definitely is a powerful system. Some things need to be tweaked, but otherwise, quite possibly the best update to RS ever. Chissey 03:23, 28 November 2007 (UTC)

Buyers vs. sellers price
The current wiki page says: "If buyers offer more coins for an item than the sellers offer to sell the items for, then the item will sell at the buyers price; so sellers might get more coins than they ask for."

Is this correct? I am asking here because I do not want to change something when I am not 100% sure it is wrong, but according to several postings I have read on RS forums, it is the opposite way around. Ie. the buyer might get an better price than he offered, and I have read no postings saying the opposite.

Can anyone confirm either way?

The KB is being quite ambiguous on the issue: "when your items sell you will always get at least the price you ask for" vs. "You may end up buying from a number of players at different prices, but they will never cost more than you have offered per item.


 * Your correct, I was wrong in my statement I posted. In my case, there was already a buyer offer that when I posted to sell an item at minimum price. I actually got the buyers price. There are two cases:
 * Buyer already has offer waiting, and a seller puts up an offer equal or lower to the buyer, then the trade occurs at the buyers price.
 * Seller already has items for sale, and a buyer offers equal or higher price, then the trade occurs at the sellers price.
 * I will correct the article. 14:49, 27 November 2007 (UTC)

Buying/Selling when not in-game?
Is it possible to put items up to buy or sell, log out, and still have those items be sold or bought? Or do you have to be playing the game at the time? Also (as a side note) is it possible to sell a cannon as a set or does it have to be the four individual parts that make up the cannon? 14:16, 27 November 2007 (UTC)


 * Yes, items will still be sold or bought even when your logged off. As for the cannon, there does not seem to be a way to make a cannon set. Maybe Jagex will fix in a future update. 14:52, 27 November 2007 (UTC)

Prices
I have noticed (today) that i have often a message telling me that something changed on my exchange account. If I ask the clerk, i see no change...Have you noticed the same thing ? I was wondering, can it be due to a modification of the market price ? Are market prices recalculated at the same time once a day ? 10:27, 28 November 2007 (UTC)


 * I get this sort of message when I have aborted my own trades and placed up the same item (or another item). The game seems to have set a flag against my character to inform me of the change, and I keep getting the messages until I do a "collect" from an NPC (even though I have nothing to collect). Doing the "collect" clears the flag and stops the messages. 10:41, 28 November 2007 (UTC)


 * Thanks, I have to try that ! Anyway, doesn't it sound like a bug to you ? It may also be due to a market price recalculation, the market price of one of my item change, I'am alerted... 11:53, 28 November 2007 (UTC)


 * I did report it as a bug. I don't know if they have fixed in the latest system update. I also keep forgetting that when I get the messaege I do not have to go back to varrock to check, I can just do a collect at any bank. 12:22, 28 November 2007 (UTC)

lol, the funny bug(which is fixed now)
That note about the bug where u could talk to non-GE npcs makes me chuckle, cause i talked to Evil bob once there.

1st pic
Is it a KB pic? Atlandy 21:49, 29 November 2007 (UTC)

Initial spading
The price range is +- 5%. The "base price" will change every day to the average price sold on the previous day.

For example, if saradomin brews all sell for minimum price of 2500 on tuesday, on wednesday the average price will be 2500 (and the minimum will have decreased to 2250).

Similarly, if rock-shell gloves all sell for maximum 40k, then the following day that will be the average price and a new maximum set at 42k).

If two players put the same object in for the same price, it appears to use a first in-first out queueing system - however this needs more checking because we ran into a bug that stops us testing further (I don't have a big enough sample size to be sure right now). For example, Player1 tries to sell a rune2h for 40k, player2 tries to sell another rune2h for 40k, player3 offers to buy (at any price 40k or above) and will get player1's sword. Therefore, if you are trying to sell for minimum price, be first to put the offer on in the day.

Currently, because of the limitation imposed of a maxmimum price shift of 5% every day, we are going through a period of price-adjustment. The grand exchange has made it easier for high level players to sell their stuff basically, and high level players often have quite a few items that were previously lying in the bank unused (such as full rune) that low-level players want. Full rune has already dropped to around 150k. That said, these prices will even out somewhere just above the high alchemy price.

However, for markets with no base alchemy price to stop the price plummetting (notably farming and herblore), it is entirely conceivable that the prices will drop to almost zero.

For treasure trail items, I would imagine that because each piece is roughly as likely, I can see a zammy platebody selling for the same as a zammy full helm in the near future. With rock-shell and other waterbirth items, I can actually see the price of the gloves and boots going above the price of the main pieces!!!

More later when I do some more spading. --Eucarya Talk 17:53, 2 December 2007 (UTC)


 * The "oldest deal first" model as described in the article is not correct. It seems to be based on random selection. With one old sales offer and a newer (lower quantity) sales order at the same price, the most recent order was sold first. Hence, there is another mechanism behind the grand exchange.

Not a Stub
I believe there is enough information in that article that when you read it people can find the key points and the meassage effectively. So, I have removed the "Stub" temeplate at the bottom of the page. (Pking is fun 05:10, 4 December 2007 (UTC))