IES20070309A2 - Derivative product for binary outcomes - Google Patents

Derivative product for binary outcomes

Info

Publication number
IES20070309A2
IES20070309A2 IES20070309A IES20070309A2 IE S20070309 A2 IES20070309 A2 IE S20070309A2 IE S20070309 A IES20070309 A IE S20070309A IE S20070309 A2 IES20070309 A2 IE S20070309A2
Authority
IE
Ireland
Prior art keywords
trade
odds
party
system
specified time
Prior art date
Application number
Inventor
Marc Butterly
David Edelman
Original Assignee
Marketmaker Software Ltd
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Marketmaker Software Ltd filed Critical Marketmaker Software Ltd
Priority to IES20070309 priority Critical patent/IES20070309A2/en
Priority claimed from US12/110,068 external-priority patent/US8510205B2/en
Publication of IES20070309A2 publication Critical patent/IES20070309A2/en

Links

Abstract

A system for trades contingent on odds-based markets is disclosed. the system includes means for receiving odds for at least one exogenous Reference Market, wherein the odds correspond to a specified reference outcome to be decided at atime later than a specified time. The system also includes means for receiving forcasts and intestment amounts from trade parties over time, for the settlement of the odds for the exogenous Reference Market as of a specified time. The trade parties comprise at least one trade party for a positive investment amount and at least one trade counter - party for a negative investment amount. The system also includes means for registering at least one trade between the trade parties prior to the specified time, the trade having a conditional value equal to zero at any time prior to the specified time and means for confirming, in response to the expiry of the odds, the payoff to, or the laibility of, the at least one trade party and, respectively, the liability of, or the payoff to, the at least one trade counter-party. <Figure 1>
IES20070309 2007-04-26 2007-04-26 Derivative product for binary outcomes IES20070309A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
IES20070309 IES20070309A2 (en) 2007-04-26 2007-04-26 Derivative product for binary outcomes

Applications Claiming Priority (5)

Application Number Priority Date Filing Date Title
IES20070309 IES20070309A2 (en) 2007-04-26 2007-04-26 Derivative product for binary outcomes
IES20070498 IES20070498A2 (en) 2007-04-26 2007-07-10 Derivative product for binary outcomes
US12/110,068 US8510205B2 (en) 2007-04-26 2008-04-25 Exchange for derivative products contingent on odds-based markets
US13/916,142 US10115157B2 (en) 2007-04-26 2013-06-12 Exchange for derivative products contingent on odds-based markets
US16/173,751 US20190180369A1 (en) 2007-04-26 2018-10-29 Exchange for derivatives products contingent on odds-based markets

Publications (1)

Publication Number Publication Date
IES20070309A2 true IES20070309A2 (en) 2008-10-29

Family

ID=40229537

Family Applications (2)

Application Number Title Priority Date Filing Date
IES20070309 IES20070309A2 (en) 2007-04-26 2007-04-26 Derivative product for binary outcomes
IES20070498 IES20070498A2 (en) 2007-04-26 2007-07-10 Derivative product for binary outcomes

Family Applications After (1)

Application Number Title Priority Date Filing Date
IES20070498 IES20070498A2 (en) 2007-04-26 2007-07-10 Derivative product for binary outcomes

Country Status (1)

Country Link
IE (2) IES20070309A2 (en)

Also Published As

Publication number Publication date
IES20070498A2 (en) 2008-10-29

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Legal Events

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