Tuesday, May 19, 2009
We have begun listing a weekly market on US Unemployment Insurance Initial Claims (usually just referred to as Initial Claims).
These markets can be found under Financial -- Economic Numbers.
Contract Rules:
A contract will settle (expire) at 100 ($10.00) if the number of initial claims is greater than the amount specified in the contract.
The contract will settle (expire) at 0 ($0.00) if the number of initial claims is equal to or less than the amount specified in the contract.
Expiry will be based on the Unemployment Insurance Weekly Claims Report issued by the United States Department of Labor on the date specified in the contract. The seasonally adjusted figure will be used for expiry.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place a trade.