The Virtual Stock Exchange Takes Innovative Measures to Increase Volume

Two Programs Aim to Increase Investor Activity

For SLReports.net

The Virtual Stock Exchange (VSTEX), which has been recently trailing the other three exchanges in market activity, recently announced innovative steps in increase daily share volume.

For the month of December the VSTEX is rewarding it's top 20 traders with a decrease in commissions.

How the program is designed is at the end of the month of December the top 20 traders generating the most commissions will be identified. The first group of ten will be refunded to their VSTEX accounts 1/6 of the commissions they paid; it then will be like they paid a 2.5% commission, rather than the standard 3%.

The second group of ten, will be refunded to their VSTEX accounts 1/12 of the commissions they paid; it then will be like they paid a 2.75% commission.

The VSTEX's standanrd commission is 2.5% + 0.5% for it's risk fund. The promotion won't affect the risk funds contribution, for those 20 traders will be recieving their bonus from the VSTEX cut of commission. Current commissions collected by the other exchanges are 3% at ACE, 2.5% at SLCAPEX, and 1.5% at ISE.

Not to ignore the companies listed on the VSTEX, in the month of January, 2009, the top 3 companies generating the most trading commissions will get back 1/12 of fees collected (equal to a 0.25% over the standard 3% commission).

"This is a new way for companies to earn money on our exchange, by stimulating and promoting trading on their stock." Samantha Goldflake stated in the official press release.