At least two Second Life stock exchanges are going to provide data to an independent analyst, Robert Bloomfield of metaversed, the two data disclosure agreements will be with Arbitrage Wise of SL Capital Exchange (also covering data from their previous incarnation as AVIX) and Cocky Dagger of International Stock Exchange. The stock exchanges will provide Robert with comprehensive data on trades, dividends and stock issuances for all listed firms. Robert will analyze and publish the data so it be analyzed and compared to real world stock exchanges.

How are stock returns associated with economic events in Second Life, including dividend and other company announcements, Linden Lab policies, and currency supply?

What factors determine market liquidity and the cost of capital?

How efficient are the markets? According to “Efficient Markets Theory,” stock prices should react so quickly and completely too public information (like Linden Lab announcements), that you can’t predict future returns from past events.

I believe that the exchanges’ agreement to allow independent analysis of exchange data sends a strong signal that the exchanges understand the importance of transparency in maintaining investor confidence. I also expect that the publication of data analysis will further increase investor confidence, and attract new investors and new listing companies to the exchanges.

Finally, let me assure SL residents of my intention to be as objective as possible in my analysis. One important element of objectivity is to avoid financial ties that might provide an incentive to shade the analysis, or (almost as bad) that might lead people to think I have done so. To mitigate this concern, I am announcing that do not intend to invest in any of the exchanges, nor will I invest in any for-profit businesses in Second Life, whether or not they are listed on the exchanges. Source: Stock Exchanges To Provide Data for Independent Analysis

This well surely help ease some concerns on the stock exchanges, but what about the looming recession? One has to wonder what the WSE, or World Stock Exchange, will do since they haven’t agreed to anything yet, and last I heard he had some big symbols leaving, so it might not be too long before the WSE isn’t the biggest stock exchange.

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