Methods and apparatus relating to the formulation and trading of investment contracts
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United States of America Patent
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Nov 10, 2009
Grant Date -
Mar 25, 2004
app pub date -
Jul 10, 2003
filing date -
Jul 7, 1995
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A data processing system to enable the formulation of multi-party investments contracts is disclosed. The system comprises input means by which an ordering party can input contract data relating to at least one phenomenon, the phenomenon having a range of future outcomes and a future time of maturity. The contract data further includes a set of probabilities of occurrence for each outcome in the range and a consideration due to a counterparty at or after the time of maturity. One or more counterparties can input registering data including a set of probabilities of occurrence for each outcome in the range. The system further includes a data processor that is operable to price and match a contract from the contract data and the registering data.
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