| 摘要 |
Computer systems, methods, and exchanges for generating and trading novel investment products (“Vχlshares”) are described. In some embodiments, the computer system comprises a computer-readable storage medium including data encoding a value for the Vχlshare based on an underlying. The computer-readable storage medium further includes data encoding an expiration date for the Vχlshare. The computer-readable storage medium of the computer further includes data encoding a price for trading the Vχlshare, the price for trading being a function of the underlying. The computer-readable storage medium also includes data encoding an alpha-numeric symbol for the Vχlshare. The computer is configured to enable execution of trades of the Vχlshare on a platform, such as options platform, an OTC platform, or a platform especially designed for the trading of Vχlshares, on which shares of fully collateralized instruments are traded. |
