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The Outcome of Events: HedgeStreet and Philly Take a Lead in Strange New World

Traders Magazine, May 2005

Mark Longo

Is this sick or what? Who wants to make a profit from the human plague called war? One such sleazy scheme failed last year. It was the U.S. Terrorism Futures Exchange, which would have traded jaw-dropping derivatives products. These were instruments based on the outcomes, for example, of enemy attack on American soil. The exchange was conceived and financed by a Pentagon unit.

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