SYSTEMS AND METHODS FOR TRADING INFORMED TRADING METRIC-BASED DERIVATIVE CONTRACTS

摘要

A system and related method for hedging risks associated with a market level of informed trading are disclosed. The system includes a network interface for receiving a data feed that includes informed trading metric data. The system also has a server for electronically publishing the informed trading metric data. A second network interface receives requests to purchase informed trading metric-based derivative contracts at a first price and offers to sell informed trading metric-based derivative contracts at a second price. A matching server matches the received requests with the received offers. A settlement processor settles the derivative contracts based on informed trading metric data received by the network interface.