Security futures contract with selectable expiration and method and system for the creation, listing, purchase and sale, and trading of the same

A system for creating a security futures contract, comprising:

• a computer system including at least one computer and a related database, the computer system communicatively connected via a network to one or more counterparty computers and operative with a creation programming component to:
• cause the display one or more user interfaces on the one or more counterparty computers, the user interfaces including input fields enabling entry of information relating to the security futures contract;
• receive a first selection for an underlying security to be bought or sold at a future date;
• receive a second selection for a contract amount;
• receive a third selection for an expiration date selected by a user of the one or more counterparty computers, wherein the selected expiration date is different than available expiration dates for other security futures contracts related to the underlying security as listed on a futures trading exchange;
• transmit a quote for the security futures contract based on the first, second, and third selections to the one or more counterparty computers;
• receive an acceptance message from the one or more counterparty computers;
• and
• facilitate creation of the security futures contract based on the first, second, and third selections and using the quote.

A computer implemented method of facilitating a transaction involving a security futures contract related to an underlying security, wherein a first counterparty computer is communicatively connected to a second counterparty computer via a network, the method comprising:

• generating a plurality of security futures contracts each having a unique expiration date, wherein the unique expiration dates are different from the available expirations dates for other security futures contracts related to the underlying security listed on a futures trading exchange;
• causing the plurality of security futures contracts to be displayed at the first counterparty computer;
• receiving a request message from the first counterparty computer selecting at least one of the security futures contracts and requesting a price quote for the selected at least one security futures contract;
• causing the price quote to be displayed on the first counterparty computer;
• and
• receiving an acceptance message from the first counterparty computer indicating acceptance of the price quote.

A system for facilitating a transaction including a security futures contract, comprising:

• a computer system including at least one computer and a related database, the computer system communicatively connected via a network to one or more counterparty computers and operative with a programming component to:
• generate a plurality of security futures contracts each having a unique expiration date, wherein the unique expiration dates are different from the available expirations dates for other security futures contracts related to the underlying security listed on a futures trading exchange;
• cause the plurality of security futures contracts to be displayed a first of the counterparty computers;
• receiving a request message from the first counterparty computer selecting at least one of the security futures contracts and requesting a price quote for the selected security futures contract;
• causing a price quote for the selected security futures contract to be displayed on the first counterparty computer;
• receiving an acceptance message from the first counterparty computer indicating acceptance of the price quote;
• and
• effecting a transaction involving the selected security futures contract at the accepted price quote.