HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
HSX Announces the End of the Commission-Free Period
HSX will no longer offer commission-free trading over the weekend
The incentive was originally created in the late 90's to encourage trading on the weekends, a historically slower period of trading activity when people were at home and dealing with the inconvenience of dial-up. Obviously, those days are long past.
A study performed by HSX Staff showed conclusive evidence of a number of anomalies that were discovered during the commission-free period. In short, we concluded that HSX Traders were responding enthusiastically to the incentive, but also, in effect warping market activity.
We believe that by removing commission-free trading we will reduce gaming of the Exchange and encourage a more natural market. And while we cherish those devoted souls who were willing to spend their weekends re-shorting their portfolios, We hope that our Traders will instead concentrate their efforts on making judgments on the price of securities.
Based on your suggestions, we will in the near future introduce "free trades" as a reward for one of our "Earn H$" promotions. The details are still in development, but we expect that Traders of all flavors will have an opportunity to earn a number of commission-free trades.
The HSX Team