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Computer-implemented method and electronic system for trading

  • US 20050097027A1
  • Filed: 11/05/2003
  • Published: 05/05/2005
  • Est. Priority Date: 11/05/2003
  • Status: Abandoned Application
First Claim
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1. A computer-implemented method comprising the act of operating a computer to:

  • receive from a user indicia of an attribute of an instrument, wherein the instrument attribute may vary over time;

    receive from a user indicia defining a time period for use in establishing contract specifications, the time period having an end time;

    establish contract specifications to periodically measure the instrument attribute during the time period to generate instrument data;

    establish contract specifications to calculate, after the end time, a contract value as a function of a measure of dispersion of the instrument data; and

    establish contract specifications to periodically settle gains and losses as a function of market statistics associated with contracts that are based on the instrument attribute and the time period.

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