In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www.gs.com/econderivs/) for economic indices that (2) substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a (3) rating technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
A. in the course
B. in the event
C. in the light
D. in the sense
In October 2002, Goldman Sachs and Deutsche Bank (1) a new electronic market (www.gs.com/econderivs/) for economic indices that (2) substantial economic risks, such as nonfarm payroll ( a measure of job availability) and retail sales. This new market was made possible by a (3) rating technology, developed by Longitude, a New York company providing software for financial markets, (4) the Parimutuel Digital Call Auction. This is "digital" (5) of a digital option : ie, it pays out only if an underlying index lies in a narrow, discrete range. In effect, Longitude has created a horse race, where each "horse" wins if and (6) the specified index falls in a specified range. By creating horses for every possible (7) of the index, and allowing people to bet (8) any number of runners, the company has produced a liquid integrated electronic market for a wide array of options on economic indices.
A. created
B. generated
C. initiated
D. originated
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