Method and system for improving the liquidity of transactions for PM pools and auctions

The method of claim of 27 wherein the generating step further includes the step of:

• generating a zero price bid to provide the at least one bid.

A method for improving liquidity of transactions for a plurality of contracts for a pari-mutuel (PM) pool or an auction, the method comprising the steps of:

• obtaining a plurality of orders corresponding to the plurality of contracts;
• performing a price auction on the plurality of orders in order to determine a plurality of contract prices for the plurality of orders;
• performing a quantity auction, after the price auction, to determine a quantity of the plurality of orders which are qualified.

A computer-readable medium containing a program for improving liquidity of transactions for a first plurality of contracts for a pari-mutuel (PM) pool or an auction, the program including instructions for:

• providing a complete set including a second plurality of contracts corresponding to the first plurality of contracts, the complete set guaranteeing at least an initial settlement value at at least one particular time, the complete set corresponding to a settlement value, the settlement value being determined based upon the initial settlement value.

A computer-readable medium containing a program for improving liquidity of transactions for a plurality of contracts for a pari-mutuel (PM) pool or an auction, the program including instructions for:

• obtaining a plurality of orders corresponding to the plurality of contracts;
• performing a price auction on the plurality of orders in order to determine a plurality of contract prices for the plurality of orders;
• performing a quantity auction after the price auction to determine a quantity of the plurality of orders which are qualified.

A system for improving liquidity of transactions for a first plurality of contracts for a pari-mutuel (PM) pool or an auction, the system comprising:

• means for providing a complete set including a second plurality of contracts corresponding to the plurality of contracts, the complete set guaranteeing at least an initial settlement value at at least one particular time, the complete set corresponding to a settlement value, the settlement value being determined based upon the initial settlement value.