CONTACT: GEORGE MCCRORY
100 Old Public Library
Iowa City IA 52242
(319) 384-0012; fax (319) 384-0024
Release: April 28, 2000
Iowa Electronic Markets track Giuliani prostate cancer news
IOWA CITY, Iowa -- The Iowa Electronic Markets (IEM) reacted quickly to
Thursday's news of New York Mayor Rudolf Giuliani's prostate cancer, with
his shares in his New York Senate Markets dipping to 30 cents from 52 cents
The IEM prices moved within an hour of Giuliani's announcement. At 11:15
a.m. (CST) Hillary Clinton contracts were up to 52 cents from 46 cents, while
the NY REP contracts (representing the outcome that another Republican wins
the election) were up to 25 cents from Wednesday's close of 2 cents. By Friday
morning, Giuliani was at 30 cents, Clinton at 50 cents, and NY REP had moderated
to 20 cents.
For current prices, go to http://iemweb.biz.uiowa.edu/quotes/18.html
Quotes are updated every 15 minutes; the "last" price is the best
indicator of market activity. The main IEM website is http://www.biz.uiowa.edu/iem/.
The Iowa Electronic Markets are real-money futures markets in which contract
payoffs depend on economic and political events such as elections. These markets
are operated by faculty at the University of Iowa Tippie College of Business
as a research and teaching tool.
For more information, contact the IEM office at (319) 335-0881, firstname.lastname@example.org,
or Jeanine Pfuntner, IEM operations manager at (319) 335-0794, email@example.com.
A chart is available showing recent market activity in the New York Senate
Market is at http://iemweb.biz.uiowa.edu/graphs/graph_nysenate.cfm.
A chart showing the Giuliani price drop on Thursday is available by request
in an Excel email attachment (56K) or by fax.