| 摘要 |
<p>Computer systems, methods, and exchanges for generating and trading novel financial derivative products, daily options are described. In one aspect, an electronic, computer-controlled system for electronically creating, recording, trading, and settling an advance-purchase, single-day option on an underlying, the advance-purchase, single-day option having an option purchase date, an option listing date, and an option expiration date is provided. In a first embodiment, the system comprises: computer-compatible electronic memory including an electronically encoded representation of the advance-purchase, single-day option based on an underlying. The electronically encoded representation includes an electronically encoded representation of a strike price determination date, the strike price determination date being the date that is one trading day prior to the option expiration date.</p> |
