{"id":3564,"date":"2016-03-24T13:49:04","date_gmt":"2016-03-24T17:49:04","guid":{"rendered":"https:\/\/stockx.com\/sneaker-blog\/?p=3564"},"modified":"2016-03-24T20:22:13","modified_gmt":"2016-03-25T00:22:13","slug":"a-sneaker-stock-market","status":"publish","type":"post","link":"https:\/\/stockx.com\/news\/a-sneaker-stock-market\/","title":{"rendered":"A Sneaker Stock Market?"},"content":{"rendered":"

StockX is a sneaker stock market . . . but what does that mean?<\/p>\n

Actually, StockX is a stock market of things . . .<\/p>\n

\"smot\"<\/a><\/p>\n

Usually, we think of a stock market as a place to buy stock – The New York Stock Exchange (NYSE), for example.<\/p>\n

\"nyse\"<\/a><\/p>\n

But when we say that StockX is a stock market, what we really mean is that StockX functions<\/u> like a stock market.\u00a0 The NYSE, or any stock market, uses a unique method of connecting buyers and sellers.\u00a0 StockX uses that same method.<\/p>\n

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StockX, and every stock market, is a ‘live marketplace’, a genuine Bid\/Ask market.\u00a0 Buyers place Bids, Sellers place Asks, and a transaction occurs when a Bid and an Ask meet. \u00a0It is an anonymous, transparent and authentic market which allows both buyers and sellers to transact immediately with 100% confidence across a market price.<\/p>\n

There are three foundational elements which allow a Bid\/Ask market to function:\u00a0 1) Anonymity; 2) Transparency; and 3) Authenticity<\/p>\n

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  1. Anonymity.<\/strong> If you buy a pair of sneakers on StockX, you will never know who the Seller is. \u00a0Similarly, if you buy a share of Apple stock from the NYSE, there is an actual Seller on the other end of your trade, but you will never know who he or she\u00a0is \u2013 and you don’t care. \u00a0All you care about is the price you paid, and that the stock is real.<\/li>\n
  2. Transparency.\u00a0<\/strong>On the NYSE, you can see every trade for every share of Apple stock that has ever happened (as well as every split, dividend, etc.). On StockX, we use millions of data points to provide real-time and historic market pricing on sneakers. \u00a0For those who remember Campless, this is the application of that data – data for actual sales, NOT listings. \u00a0On every other sneaker market – and pretty much every online market for every product on the internet – the best data available is what similar products are listed<\/u>\u00a0for. \u00a0But we all know that just because someone is listing a pair of Adidas Ultra Boost White\/White for $10,000 doesn’t mean that anyone is actually paying that.<\/li>\n
  3. Authenticity.\u00a0<\/strong>Integrity of any market is critical to its\u00a0existence. In order to ensure integrity of StockX, we authenticate every pair of shoes sold.\u00a0 We confirm that it’s real, deadstock, the right size and the right shoe – and we always err on the side of caution.\u00a0 As a result, Buyers will never be stuck with a fake shoe, and Sellers will never get a chargeback.<\/li>\n<\/ol>\n

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    Here\u2019s the simple 7-step process:<\/p>\n

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