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|Available to spend:|
|Money currently invested:|
|Market linked for margining:||No||Margin is calculated individually for this market|
|Contract type:||Total Votes|
|Min price:||$0.00 / share ≈ 0 votes|
|Max price:||$5.38 / share ≈ 538 votes|
|Expiry value:||$3.32 / share ≈ 332 votes|
|Expiry time:||Nov 11, 2012 21:14 GMT|
|Expiry volume:||513 shares||Also called Open Interest|
|Open price:||$3.20 / share ≈ 320 votes|
|Life low:||$2.76 / share ≈ 276 votes|
|Life high:||$3.32 / share ≈ 332 votes|
|Total volume:||1,405 shares|
Before entering any orders to trade this contract please ensure you read have and understood this DISCLAIMER.
This market is not a typical Intrade market that will settle at $10.00 or $0.00 depending on the outcome of the underlying event. Please read the following market rules very carefully and make sure you understand how this market works before you enter any orders to buy or sell shares. Trades will not be reversed based on a misunderstanding of the market rules. If you have any questions about this market please contact email@example.com.
How This Market Works:
This market is for the exact number of Electoral College votes won by the named candidate in the 2012 US Presidential Election, as reported by three independent and reliable media sources following the election. The market will be settled according to how many votes the candidate receives.
Each Electoral College vote is valued at $0.01. Therefore, the number of votes won by the candidate will be multiplied by $0.01 to determine the final settlement price of the market. For example: If the candidate wins 332 Electoral College votes the market will be settled at $3.32 (332 votes * $0.01).
When trading shares the number of Electoral College votes is also multiplied by $0.01 to determine the price of the shares. A share price of $2.85 for example, represents 285 Electoral College votes (285 votes * $0.01).
The maximum number of Electoral College votes is 538 so therefore the highest share price is $5.38. The minimum number of Electoral College votes is 0 so therefore the lowest share price is $0.00. Your potential profit and loss will be calculated using these minimum and maximum prices (in the same way it is calculated for the typical Intrade markets that settle at either $0.00 or $10.00).
You will buy shares if you expect the number of Electoral College votes won will be HIGHER than the current share price. If the number of votes won is higher than your share price you will make a profit. If the number of votes won is lower than your share price you will suffer a loss. For example:
(Short) Selling Shares:
You will sell shares if you expect the number of Electoral College votes won will be LOWER than the current share price. If the number of votes won is lower than your share price you will make a profit. If the number of votes won is higher than your share price you will suffer a loss. For example:
Any changes to the result after the market has expired will not be taken into account (Rule 3).
Due to the nature of this market you are obligated to read Rule 4 (Unforeseen Circumstances) and Rule 5 (Time Protection). Intrade may invoke these rules in its absolute discretion if deemed appropriate.
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