SYSTEM AND METHOD FOR TRADING A FUTURES CONTRACT BASED ON A FINANCIAL INSTRUMENT INDEXED TO ENTERTAINMENT DIVIDENDS
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 receive a dividend at a settlement date, in which the dividend is based on an amount of revenues generated by at least one entertainment event, 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 of trading includes performing a transaction of a futures contract between a buyer and a seller. The futures contract is associated with at least one entertainment event and comprises a purchase price and a settlement date. The method concludes by performing a settlement of the futures contract based at least in part upon the purchase price and a value associated with the entertainment event at the settlement date. The entertainment event is associated with a security and the transaction of the futures contract is performed in conjunction with the issuance of the security to the seller.
109 Citations
24 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 receive a dividend at a settlement date, in which the dividend is based on an amount of revenues generated by at least one entertainment event, 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)
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9. 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 receive a dividend at a settlement date, in which the dividend is based on an amount of revenues generated by at least one entertainment event, 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 (10, 11, 12, 13, 14, 15, 16)
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17. An article of manufacture comprising:
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 receive a dividend at a settlement date, in which the dividend is based on an amount of revenues generated by at least one entertainment event, 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 (18, 19, 20, 21, 22, 23, 24)
Specification