Rules of the game:

• Leaderboards and Rankings

  There are 3 ways your portfolio is ranked:

  • The free cash the portfolio has
  • The total portfolio value (cash + holdings)
  • The total amount of dividends earned

  These criteria can be switched in the leaderboard page. The homepage leaderboards always ranks by the highest portfolio values.

  The winner will be determined by whichever user has the most cash once the tournament is over. When a team's on the brink of elimination, you'll have to decide whether to cash out early, or trust your team and their elimination dividend.

  Of course, it's not wise to leave your cash uninvested. A leaderboard based only on available cash wouldn't accurately reflect the standing within the tournament. As such, the homepage leaderboard uses portfolio value, until the World Finals are over. Once Stockholm concludes, the rankings will be updated to use the final cash amounts.

  The final criterion is dividends received. This allows you to view whose stocks are working for them, and potentially steal a thing or two from their strategy. Use this for viewing how your portfolio is performing against the rest of the pack.

• IPOs

  Investing in IPOs

  Users now have the chance to invest directly in their favorite teams! Before the start of the stage, you'll be able to invest in each team's Initial Public offering. To partake, visit the IPOs page and select the team you want to invest in. There, you can purchase as many "stakes" in the team as you'd like. If you've realized you've overvalued a team, or the market is undervaluing an underdog, you'll be able to sell any stakes you own up until the IPO closes.

  What happens when the IPO closes

  While an IPO is active, users are able to purchase an arbitrary amount of stakes in as many teams' IPOs. When the tournament starts, all IPOs will be closed, and users will receive 1 share for each 1% stake owned in a stock. I.e. users will receive shares in the company equal to their percentage owned in the IPO. After the conversion, the IPO shall close and users will NOT be able to buy or sell new stakes in the IPO, all trades will have to be done with other users through the trades page.

• Placing trades

  Trade basics

  Trades can be placed using the place trade form, entering a valid ticker and a positive price and quantity. Fractional prices and quantities are allowed, e.g. you can buy 0.27 shares of a stock.

  Trades can only be placed if the stock is able to be traded, and there is enough available cash to cover the transaction. Teams that have an open IPO or have been eliminated are not able to be traded. Available cash is the total cash you have in your account, minus the cash required to complete any pending buy orders.

  Once placed, the trade will be labeled as "active" in the trades page until it's filled. Terminating a trade will stop any new fills, but won't refund any portion of the trade that has been filled. The progress towards a trade being filled is shown in the interactive graph for each trade.

  Additional trade features

  It's important to note that buy trades will settle for any amount less than or equal to the specified price per share. This means that if you place a 1 share buy order at $10/share, if there is a $8/share sell order, there is a chance your order would settle at $8/share. Don't assume that you'll always get the best deal, if you want to make sure you're always purchasing at the lowest price, make sure to check what the pending sell orders are!

  Sell orders always settle to sell price, so you'll never get more money from a sell order than you were expecting. If you want to get the most out of your sale, check the pending buy orders and make sure your ask equals their bid.

  Additionally, trades that have settled with yourself are excluded from the calculations of most metrics, as no actual exchange of stock and cash have taken place. In effect, they will cancel eachother out. For example, placing a sell order of 10 shares at $5/share and a buy order of 5 shares at $6/share will result in the 5 shares of your buy order cancelling out 5 shares of your sell order, leaving you selling 5 shares at $5/share.

• Dividends

  Dividends are paid out pro-rata for each share. For this beta, each team only has 100 shares. That means for each share you own, you will receive 1% of the dividend payout. There are two types of dividend payments: match dividends and placement dividends.

  Match dividends:

  Each match has a $500 prizepool, distributed based on the map score. The payout for each team is (maps won/maps played) * 500. Dividends are paid out once the match is over. Results are automatically sourced from Liquipedia Overwatch, meaning there might be some delays in payment depending on when it is updated.

  Placement dividends:

  The Stockholm prize pool is crowdfunded through a bundle , and as such, the actual prizepool for the event won't be known until after it's finished. In the interest of providing an interesting experience, dividends shall be paid out using a fake prizepool of $450,000, with the distribution loosely based based off of the Kickoff Clash, scaled up to 12 teams.

  Placement	Prize Money
  1st	$160,000
  2nd	$80,000
  3rd	$40,000
  4th	$32,000
  5th-6th	$24,000
  7th-8th	$19,000
  9th-12th	$13,000

• Stocks

  Each stock has 3 prices listed. The Current price, Bid, and Ask.

  • Current price: the price of the last completed fill, i.e., the price of the most recent successful exchange of shares.
  • Bid: the price of the highest buy order.
  • Ask: the price of the lowest sell order.

  Additionally, each stock has the following additional metrics when clicked.

  • Daily percent change: the percent the stock price has increased or decreased in the last 24 hours.
  • Most recent dividend payment per dollar per share: tracks the dividend received per unit of stock, divided by the current price of the stock. Use it to determine whether the stock has good rates of return for its shareholders.
  • Graph price change: the percent the stock price has increased/decreased over the time range specified for the graph.
  • Gain/Loss since purchase: the amount the stock price has increased/decreased since the stock was purchased. Only appears if logged in.