Patent ID: 7363272
Filing Date: 2008-04-22
Classification: G06Q

Abstract:
1. An apparatus for trading an educational institution athletic derivative contract where an underlying commercial relationship corresponding to said derivative contract is a mutually-agreed upon obligation between a particular educational institution and at least one student-athlete such that said at least one student-athlete participates in at least one intercollegiate sport offered by said particular educational institution in return for said particular educational institution providing at least a portion of the cost of said at least one student-athlete to attend said particular educational institution, said apparatus comprising: a data output configured to convey trading information relating to said derivative contract to a first trader; a data input configured to receive trading instructions related to said derivative contract from said first trader; a communications link configured to electronically connect at least one of said data input and said data output with a trading exchange; and a computer readable medium cooperative with said data input, said data output and the trading exchange such that upon attainment of said obligation between said particular educational institution and said at least one student-athlete, trading on said derivative contract that corresponds to said obligation can commence, further such that upon placement from said first trader of an offer to sell or a bid to buy said derivative contract through said data input, said apparatus processes said bid or said offer in order to establish a trade between said first trader and a second trader with a complementary bid to buy or offer to sell said derivative contract.