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foreign [Applause] morning that an investor has a hunch about the price of gold he suspects its price will close the day sharply higher than its current trading price the investor can now buy a short-term event contract at a fixed cost that would provide a known payout should his view turn out to be correct event contracts allow investors to participate in certain Futures markets at a lower risk and enables them to express a view on where markets will close the CME Group is making life prices available for participants wanting to buy contracts based on a specific question regarding the price of an underlying Futures Contract such event contracts are limited risk since investors can only buy them restricting the potential loss per contract to the price paid such event contracts have a maximum value at settlement of twenty dollars yielding a profit of twenty dollars minus the premium paid for the contract and since the question can only have two possible outcomes yes or no have a maximum