N.H. Benefits Iowa Electronic Markets Investors
January 10, 2008 | New York TimesHillary Rodham Clinton's big win in New Hampshire has already made some investors happy -- those who have bought "futures contracts" in Mrs. Clinton in the IOWA ELECTRONIC MARKETS. Started in 1988, the electronic trading market is a real market using real money in which investors -- some 2,000 people from around the world -- put up as much as $500 to buy futures contracts in each of the Democratic and Republican candidates. It's pretty much the same way that cattle, hog and financial futures are traded in the pits of Chicago commodity exchanges. In this case, any financial gains will be distributed -- and losses taken -- on the day of each party's nominating convention.