is Cricket Stock Exchange?
Ans: Cricket Stock Exchange (CricStock)
is an online trading game which works on the
principles of a stock-market. In fact,
CricStock is a virtual stock exchange where
‘stocks’ of cricketers are ‘traded’. It
functions almost like any real stock
exchange (e.g. NASDAQ, NYSE, BSE) but in a
much simpler way.
In a real stock exchange, shares or stocks
of real companies are listed, and people
trade (buy or sell) those shares. Their
trading pattern is usually based on the
recent performance of the companies and
their expected performance in future.
Trading of shares determines the stock price
of the companies, which is often an
indicator of a company’s actual performance
mixed with market sentiments.
Similarly in CricStock, (virtual) shares of
cricketers (called player-stocks) are
listed, allowing users to trade those
shares. The movement in ‘stock prices’ of
cricketers will reflect their recent
performance on field and how cricket fans
expect their performance to be in future
e.g. fall in stock price of a cricketer
might indicate that the cricketer is not
performing well of late, and fans don’t
expect him to return to form as well in near
CricStock aims to capture sentiments of the
cricket fans of the world and translate them
into stock prices. CricStock is a very
important tool for an average cricket crazy
fan to declare his faith and confidence (or
lack of them) in a particular cricketer
CricStock is also very useful for beginners
in understanding basics of actual stock
market and fundamentals of portfolio
management. It has started with simple
trading of stocks, but later on CricStock
will introduce cricketing parallels of real
stock market tools like mutual funds,
options, derivatives, etc. Keep watching and
Q2: Who can trade on CricStock?
Ans: All cricket fans of the world!
All you have to do is to register yourself
with www.cricstock.com with a valid e-mail
ID and a valid mailing address (so that when
you win any prizes, they can be delivered to
your home), and you become a trader of
Q3: Which cricketers’ shares are listed
Ans: CricStock lists shares – limited
and in equal numbers of face value of Ç 100
(Ç stands for CricStock Rupee) each – of
international cricketers of all test-playing
The initial listing is done following an IPO
of cricketers taking part in ICC World Cup
2007. More cricketers (player-stocks) will
be added with further tournaments taking
place around the cricketing world.
These cricketers might not have necessarily
played test cricket, but selection into
their national team (for Test matches, ODIs,
or 20-20 Internationals) is a necessary
criteria for being listed on CricStock.
Q4: How long are shares of a cricketer
listed on CricStock?
Ans: Shares of a cricketer are listed
on CricStock for whole of his continuous
international career. Shares will be
de-listed (taken off CricStock), if a
1. announces his retirement from all form of
2. is not selected for any international
match for more than a year
3. (god forbid) dies
Q5: What would happen when shares
of a cricketer are de-listed?
Ans: In event of any of the above
three eventualities happening, shares of the
concerned cricketer (player-stock) will be
taken off CricStock on the following due
dividend declaration date. The stock-holders
of that player-stock will be compensated
with (virtual) money worth the face value (Ç
100 per share) or the market-price of the
shares, whichever is lower, at the time of
the dividend declaration.
Q6: How are the stock prices
Ans: Stock price of a listed
cricketer is determined purely through
market forces. For example, stock price of a
cricketer will go up if more and more people
want to buy his stock (say, when a cricketer
is in a good form), and will go down if
people want to sell his stock off their
portfolio (e.g. when a cricketer is not
performing well). Basic supply-and-demand
model at work!
The initial stock price of a cricketer is
calculated based on his prior performance in
first class cricket (if the cricketer is
making an international debut) or in
international matches (if he is making a
Q7: How can I make money on CricStock?
Ans: A trader makes (virtual) money
through two basic means, just as it happens
in cases of real stock exchanges:
• Capital Gains/Losses – you can make (or
lose!) money by selling shares of cricketers
at a price higher (lower) than you had paid
to buy them.
• Dividends – each week, you will receive
money based on the on-filed performance of
the cricketers in international matches.
In future, more (virtual) money can be made
through some other schemes e.g. when you
perform well in some of the cricketing
games/quizzes that would be held by
CricStock. Such games/quizzes will be
announced well in advance so that all users
Total worth of your portfolio at a time
(which includes cash available for trading
and market value of all the stocks held) can
be known when you login into CricStock.
Q8: What are the trading hours of
Ans: CricStock is an electronic stock
exchange and works round the clock, so you
can trade at any point of time in 24 hours.
But trading is stopped for one hour before
dividend declaration so that dividends can
go to specific shareholders i.e. there is NO
trade on CricStock on Saturdays between
23:00 to 00:00 IST (+5.30 GMT)
CricStock discussion forum and other
features will work all the time throughout
the day, only trading activities will be
blocked for the aforesaid duration.
Q9: What are the rules for trading?
Ans: CricStock would like to see fair
and equitable trading on its floor. Please
follow these rules and directions when you
become a trader of CricStock:
• DON’T use a fake account to indulge in
• DON'T collude with friends or other
traders to cause artificial price movements
• DON’T spread rumors on discussion forum to
cause artificial price movements
• You MAY discuss performance and prospects
of a cricketer on discussion forum
• You MAY bid or ask for shares on
discussion forum to get an idea about
market, but actual trading will be done
through CricStock only.
Q10: How often should I trade?
Ans: Practice makes a man perfect, so
more often you trade, the better you
understand the market forces and learn the
tricks of the trade. CricStock team doesn’t
recommend any optimal frequency to trade or
duration to hold a stock, but do try to
login as frequently as possible and have a
look at the price movements of different
player-stocks (cricketers), and take part in
the discussion forum to understand market
You should also login frequently because
CricStock team will delete accounts which
have been inactive for too long.