Here's a question for you, do you know how to create a market-pegged asset on the bitshares platform? For example, could you create something similar to bitUSD but pegged instead to a stock, or to the price average of a basket of stocks? I see that you can create assets and smartcoins, I am just not sure how to peg the price and have it updated regularly etc.... or if its even possible. Any info would be appreciated. Thanks.
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Yes, that is definitely possible. It's a much more complicated process than a simple token though, like you found. Here is a great place to start reading up on Market Pegged Assets (MPAs). Crucially, you will need to convince Bitshares witnesses to maintain a price feed for your MPA.
Thanks for the lead, I will check it out.