January 2009 Monthly Sales Futures

January Monthly Sales Futures for software are making their debut this week. Remember, there are new rules regarding Monthly Software Futures. If a game does not finish in NPD Group's Top 10, the game will cash out at the sales of the #10 title.

Monthly Sales Futures will debut in two-phase IPOs. IPO Phase 1 is a 48 hour period of trading without automated market making to determine the IPO Phase 2 price. Advanced trading mode is required to place orders in IPO Phase 1. After IPO Phase 1, the futures contracts will enter IPO Phase 2 in which the bid and ask prices will be fixed all day.

• January Monthly Sales Futures

  IPO Phase 1	IPO Phase 2	Title	Platform	Company
  12/22	12/24	Wii Play	Wii	Nintendo
  12/23	12/25	Wii Fit	Wii	Nintendo
  12/24	12/26	Call of Duty: World at War	Xbox 360	EA
  12/25	12/27	Guitar Hero: World Tour	Wii	ATVI
  12/26	12/28	Gears of War 2	Xbox 360	MSFT