Monday, Sep 15, 2008
Intrade launched Friday the world's first family of publicly traded options written on its industry-leading prediction markets.
The
options, known as Intrade Xs, provide participants with an innovative and
unique way to understand and trade event risks. Intrade Xs satisfy an unmet
demand for a prediction market product based on short term probability movements
in underlying markets.?
Intrade Xs are
listed alongside the underlying prediction market contracts on the company's
prediction market platform at Intrade.com.
Families of options will be listed each Friday at 1PM EST for expiry the
following Friday at 12:00PM EST.
The
initial Intrade Xs will be written on Barack Obama and John McCain Intrade
presidential markets.