Replicated derivatives having demand-based, adjustable returns, and trading exchange therefor

摘要: Methods and systems for trading replicating contingent claims, such as derivatives strategies, in a demand-based auction are described. In one embodiment, set of each which can be vanilla option or digital option, approximate replicate the claim into basis basis, order is then evaluated processed auction. another plurality strikes claims established on an event, more striking at A claim, strategy, replicated with replication that includes The equilibrium price and/or payout strategy determined function valuation set. For customer requesting number certain limit per premium product filled strategies order,