System for trading and hedging product and brand sales
First Claim
1. A system for trading product and brand sales among traders comprising:
- a server to act as trading platform;
identifying a brand or product;
generating information regarding contracts available for trading and hedging on sales of the product or brand;
receiving information representative of trader eligibility for participating in creating a market in said contracts;
permitting trading of the contracts;
generating a trade ticket; and
facilitating payments on said contracts.
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Abstract
The present invention provides a system of trading and hedging product and brand sales. Financial institutions, investors, and corporations face sales risk when a product is to be brought to market. The invention involves identifying products and brands appropriate for trading, such as box office receipts on a particular movie. The invention provides for a process for pricing financial contracts based on parimutuel principles. The system also provides for secondary market trading of the financial contracts. The system facilitates trading through the Internet, through web and calculation servers, and databases storing required trader, product and contract information relevant for executing trades.
68 Citations
26 Claims
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1. A system for trading product and brand sales among traders comprising:
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a server to act as trading platform;
identifying a brand or product;
generating information regarding contracts available for trading and hedging on sales of the product or brand;
receiving information representative of trader eligibility for participating in creating a market in said contracts;
permitting trading of the contracts;
generating a trade ticket; and
facilitating payments on said contracts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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Specification