Patent ID: 6622130
Filing Date: 2003-09-16
Classification: G06Q

Abstract:
A data processing system to enable the formulation of a multi-party investment contract, the system comprising:input means by which an ordering party can input contract data relating to at least one phenomenon, each said phenomenon having a range of future outcomes and a future time of maturity, said contract data including a view as to each outcome in said range and a consideration due to a counterparty at or after a time of matching, and further by which at least one counterparty can input registering data including a view as to each outcome in said range; and data processing means operable to price and match a contract for said phenomenon from said contract data and said registering data, the pricing including: applying at least one template of entitlement as a function of outcome to each counterparty's view to give one or more individual counterparty prices each equal to said consideration; and applying said ordering party view to each said template of entitlement to derive one or more implied entitlement valuations; the matching including: determining which counterparty will provide the best entitlement on maturity by comparing each implied entitlement valuation with said consideration; and matching the contract with that counterparty having a template of entitlement for the best said comparison.