SYSTEM AND METHOD FOR TRADING A FUTURES CONTRACT BASED ON A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT REVENUE
First Claim
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1. A method comprising:
- transmitting to a remote device a request to purchase a securities bundle in exchange for a right to a percentage of a revenue that is generated by an entertainment event at a future date, in which the securities bundle is indexed to a plurality of entertainment events;
transmitting to the remote device an indication of a desire to sell the right to the percentage of the revenue;
receiving, via a processor, an indication that a futures contract based on the right to the percentage of the revenue has been generated, in which the processor and the remote device are in communication over a network;
receiving, via the processor, an offer to purchase the futures contract at a purchase price;
transmitting to the remote device an acceptance of the offer; and
receiving, via the processor, an indication that the futures contract has been traded in an after-market at the purchase price.
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Abstract
A method for trading a securities bundle indexed to entertainment revenue includes identifying a securities bundle comprising a first and second security. The first security is associated with a first entertainment event and the second security is associated with a second entertainment event. The first security is offered in an after-market for a buying price and a market price is determined for the first security in the after-market.
106 Citations
36 Claims
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1. A method comprising:
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transmitting to a remote device a request to purchase a securities bundle in exchange for a right to a percentage of a revenue that is generated by an entertainment event at a future date, in which the securities bundle is indexed to a plurality of entertainment events; transmitting to the remote device an indication of a desire to sell the right to the percentage of the revenue; receiving, via a processor, an indication that a futures contract based on the right to the percentage of the revenue has been generated, in which the processor and the remote device are in communication over a network; receiving, via the processor, an offer to purchase the futures contract at a purchase price; transmitting to the remote device an acceptance of the offer; and receiving, via the processor, an indication that the futures contract has been traded in an after-market at the purchase price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. An apparatus comprising:
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a processor; and a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to perform the acts of; transmitting to a remote device a request to purchase a securities bundle in exchange for a right to a percentage of a revenue that is generated by an entertainment event at a future date, in which the securities bundle is indexed to a plurality of entertainment events; transmitting to the remote device an indication of a desire to sell the right to the percentage of the revenue; receiving, via a processor, an indication that a futures contract based on the right to the percentage of the revenue has been generated, in which the processor and the remote device are in communication over a network; receiving, via the processor, an offer to purchase the futures contract at a purchase price; transmitting to the remote device an acceptance of the offer; and receiving, via the processor, an indication that the futures contract has been traded in an after-market at the purchase price. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. An article of manufacture comprising:
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a storage medium, in which the storage medium stores instructions which, when executed by a processor, direct the processor to perform the acts of; transmitting to a remote device a request to purchase a securities bundle in exchange for a right to a percentage of a revenue that is generated by an entertainment event at a future date, in which the securities bundle is indexed to a plurality of entertainment events; transmitting to the remote device an indication of a desire to sell the right to the percentage of the revenue; receiving, via a processor, an indication that a futures contract based on the right to the percentage of the revenue has been generated, in which the processor and the remote device are in communication over a network; receiving, via the processor, an offer to purchase the futures contract at a purchase price; transmitting to the remote device an acceptance of the offer; and receiving, via the processor, an indication that the futures contract has been traded in an after-market at the purchase price. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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Specification