The development of the new Sauder School of Business Prediction Markets is progressing nicely. Current work is focusing on integrating the web payment gateway into the system and developing graphical output functions. Next on the list is a major test of the trading system. Unlike the previous UBC Election Stock Market, the new Sauder School of Business Prediction Markets features the ability to submit limit orders overnight. When the markets open in the morning, an initial auction establishes the opening price for the market.