SYSTEMS AND METHODS FOR TRADING CONTINGENCY BASED OPTIONS AND FUTURES FOR A TRAVEL-RELATED ITEM
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United States of America Patent
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N/A
Issued Date -
Apr 15, 2010
app pub date -
Oct 12, 2009
filing date -
Jun 3, 1999
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
Disclosed herein are methods and systems for establishing a network-based system for purchase and sale of at least one of an option contract and a futures contract to acquire a travel-related item. The contract may be exercisable upon occurrence of a contingency and tradable in an online marketplace. In some instances, the contract may be exercisable upon future existence of the travel-related item, occurrence of a weather condition, or the outcome of a contest, any of which may be uncertain at the time of the purchase and sale of the contract.
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