Iowa Electronic Markets

[David Farber <farber () central cis upenn edu>]

Iowa Electronic Markets
This service is run by the Accounting and Economics Departments
      of the University of Iowa. It currently consists of two
      electronic exchanges: the Iowa Earnings Market (which trades
      contracts on the EPS of five corporations) and the Iowa Economic
      Indicators Market (which trades contracts on the CPI and the
      US$/Mexican peso exchange rate). In the past, these departments
      ran the well known 1992 Iowa Political Stock Market, which
      traded contracts based on the outcome of the 1992 Presidential
      Election. The liquidation value of all contracts is determined
      by the value of the underlying fundamental on a set date.


      This excellent teaching tool is open only to university and
      college staff, faculty and students.  While the purpose is
      education and research, trades require actual money (from $5 to
      $500 may be invested). The developers feel that by using real
      money for trades, there is an increased motivation to learn
      about the underlying fundamentals.  There are no commissions or
      fees and trading is continuous.


      FTP: umaxc.weeg.uiowa.edu:/pub/iem/trman.txt (Trader's Manual)
                    "               "   /q&a.txt (Short Introduction)
      EMAIL: iem () scout-po biz uiowa edu
             Directions: mail addressed here will
             send the Trader's Manual to you.