Wall Street Raider
// how it works

How the mechanics actually work.

Most trading games hide a random number generator behind a candlestick chart. This one doesn't, and these pages are the proof. Each is a plain-English walkthrough of a system as it is genuinely implemented — the rules the engine enforces, the ways you can lose, and the places where playability won an argument against realism.

Written by the developer who built the engines, not by a marketing team paraphrasing a feature list. If a page says the poison pill dilutes at a specific trigger, that trigger is a number in the code.

M&A

Hostile takeovers & poison pills

Tender offers, the 51% control bar, flip-in dilution that actually dilutes, white knights, proxy fights, greenmail, and why the antitrust monitor can kill a deal you already funded.

Leverage

Leveraged buyouts & debt spirals

Borrow-then-pay ordering, interest coverage as a solvency clock, covenant pressure, the revolver, and the exact path from a clever LBO to a forced delisting.

Banking

Play as a bank

Charter a lender, set risk appetite, originate a loan book, provision under an ACL model — then find out which of the two deaths gets you: capital insolvency or a deposit run.

Derivatives

Options pricing & the Greeks

Black–Scholes on every contract, why implied volatility moves the chain, multi-leg strategies with real margin, and what happens to an open spread when the underlying gets acquired.

These pages contain no financial advice. Every company, ticker, and price in Wall Street Raider is fictional. The mechanics are modelled on how real corporate finance works because that makes a better game — not because the output should inform a real trade.

Why the engine is built this way

The design rule is simple: when a real-world mechanic and a convenient game mechanic disagree, the real one wins unless it makes the game unplayable on a phone. That rule is why cash is conservation-audited — every dollar that leaves a balance sheet arrives somewhere else, and the test suite fails the build if it doesn't. It's why a share issuance rebases earnings per share instead of quietly leaving it alone, and why a spin-off distributes the child company to every holder on the register rather than just to you.

It also means the failure modes are real. You can bankrupt a company you control by servicing debt you couldn't cover. You can lose a bidding war because a rival's reservation price was higher than your last offer, not because a die roll went against you. You can watch a bank you spent an hour capitalising die on a liquidity run while its loan book was still performing.

Where realism deliberately loses

Being honest about the compromises is more useful than pretending there aren't any:

Every mechanic on these pages is in the free download. No ads, no energy timers, no in-game currency.

Get it on the App Store