Patent ID: 7809631

Claim:
A computer implemented method of determining a market for a new product, the method comprising: receiving, by an identification processor, identification of a new product for which a market does not exist on an exchange, the new product comprising a relationship between first and second components, the relationship between the first and second components being undetermined at least in part at a time of receipt of the identification; identifying, by the identification processor in response to the receiving, a first existing market for a first existing product listed on the exchange, the first existing product comprising a market determined relationship between the first component and a third component; identifying, by the identification processor in response to the receiving, a second existing market for a second existing product listed on the exchange, the second existing product comprising a market determined relationship between the second component and a fourth component; correlating, by a correlation processor coupled with the identification processor, the first and second existing markets to determine at least the undetermined part of the relationship between the first and second components; and generating, by a market generator coupled with the identification processor and the correlation processor, the market for the new product by creating a new order book therefore and causing the new product to be listed on the exchange, the new product being characterized by an initial relationship between the first and second components based initially at least on the correlation between the first and second existing markets and a market determined relationship thereafter; and allowing market participants to engage in transactions for the new product based on the new order book.