Contract
Elena Kagan to be the next Supreme Court Justice
Contract Symbol: SC.JUSTICE.KAGAN
Category: Legal / Supreme Court
Event: Who will be the next Supreme Court Justice? (confirmation required for expiry)
Event time: May 1 - Aug 1
Trade
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Elena Kagan to be the next Supreme Court Justice
Statistics
Currency: USD
Open Price: 20.0
Life lo/hi: 0.6 - 40.0
Expiry Price: 0.0
Expiry Time: 11/08/09
Total Volume: 623
Expiry Volume: 287
Lifetime Last Week Last Day
Closing price chart
Closing price chart
Time and Sales chart
Contract Specifications
Tick Size (?) 0.1 Contract Start Date May 1, 2009
Tick Value (?) USD 0.01 Contract Expiry Date Aug 11, 2009
USD per Point 0.10 Contract Type 0-100
Min Contract Price 0.0 Max Contract Price 100.0
Contract Fees per a lot
Trading Fee $0.05 Expiry Fee $0.00 on all out of the money positions
Trading Fees at price extremes
(0 - 5 and 95 - 100)
$0.03 $0.10 on all in-the-money positions
Margin Specifications
0-100 contract
Min Margin Price 0.0 Ticks Margin Up 0.0 Ticks
Max Margin Price 100.0 Ticks Margin Down 0.0 Ticks
Example
To Buy To Sell
Best Offer - Best Bid -
Max gain per contract USD - Max gain per contract USD -
Max loss per contract USD - Max loss per contract USD -

A contract will settle (expire) at 100 ($10.00) if the individual named in the contract becomes the next US Supreme Court Justice.

A contract will settle (expire) at 0 ($0.00) if the individual named in the contract does not become the next US Supreme Court Justice.

The US Senate needs to confirm the Supreme Court nominee before the contract will be expired. Expiry will be based on the outcome of the confirmation process, as reported by three independent and reliable media sources.

If a nomination is rejected by the Senate the market will remain open until there is a successful nomination. The contract on the rejected nominee will remain open until another nominee has been confirmed.

This market is open for suggestions. If youwould like a name added to the market please send your suggestion to help@intrade.com.

This market is not linked for margining purposes. You will be margined individually on each position - long or short.

Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.

The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.

Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4

Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.

 



Important:
Please contact the Exchange if you have any query or uncertainty (including how it may be settled) about this Contract, the Rule above or the Contract Rules before you trade.