Patent ID: 8510199

Claim:
An exchange system for trading financial products, comprising: a data processing system having at least one program executing computer, at least one data storage device, and at least one output device; at least one database provided in said at least one data storage device; financial product data record creating software executing on said at least one program executing computer for creating a financial product data record for a financial product and storing it in the at least one database; financial product risk data software executing on said at least one program executing computer for creating a plurality of risk data records, storing the risk data records in the database, and associating them with the financial product data record; evaluation software executing on said at least one program executing computer for: determining a current monetary value of the financial product based at least in part on a monetary value of the risk data records, the determining including converting the value of each of the risk data records to a monetary value; and calculating a transparency index of the financial instrument, the transparency index based at least in part on the quality and quantity of the risk data records, wherein the transparency index represents a measure of confidence in the current monetary value; trading software executing on said at least one program executing computer for trading the financial product among users of the system using the current monetary value and the transparency index.