Patent ID: 7359879
Filing Date: 2008-04-15
Classification: G06Q

Abstract:
1. A method of electronically trading futures contracts associated with educational institution non-rival athletic programs, said method comprising: granting an option to purchase at least a portion of said educational institution futures contracts to a qualified educational institutions that sponsors said non-rival athletic program and a qualified student within said educational institution's non-rival athletic program, wherein said educational institution and said student become qualified to purchase said option by entering into an underlying agreement that obligates said educational institution to provide said student with an opportunity to participate in said athletic program and an academic program at said educational institution in return for said student to provide said educational institution with his or her participation in said athletic program; configuring an exchange to: facilitating at least one trade on said exchange between a seller of at least one of said educational institution futures contracts and a buyer of at least one of said educational institution futures contracts.