key features of these methods , apparatus , and designs include innovations and implementations of futures securities ; the notion of type i , type ii , and type iii futures contracts custom tailored to specific clienteles ; the notion of tickets and coupons as tradable futures contracts ; the notion of bifurcation ; the notion of redeemable bundles ; and notion of realization of the futures market on the internet ; the apparatus of an internet - based trading interface and engine ; the notion of cookie - cutter futures electronic internet - based futures markets for each security ; the feature of maximal reliance on the internet ; and the business concept of “ profitability without the need for high trading volume .”