Composite commodity financial product

A method for administering a derivative including a plurality of futures contracts, comprising the steps of:

• selecting up to a predetermined number of component financial products from a pool of available component financial products, the pool formed in accordance with a sponsoring authority's general guidelines but the component financial products not being required to be correlated to each other;
• forming a composite commodity comprising the selected component financial products;
• and
• trading futures contracts based upon the composite commodity during a predetermined period of time.

A method, comprising the steps of:

• identifying a portfolio of available financial products according to a sponsoring authority's general requirements;
• selecting up to a predesignated number of financial products from the portfolio, the selected financial products having no requirement to be correlated to each other or to an independent structure other than the general requirements;
• providing a composite commodity consisting of the selected financial products;
• and
• trading futures contracts on the composite commodity over a fixed period of time beginning with the opening date.