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. what
B. those
C. where
D. it
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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