TerrorBet virtual exchange opens for trader preregistration

(PRWEB) August 1, 2003

TerrorBet the first virtual exchange to offer the opportunity to trade on civil unrest events today opened for preregistration.

Created as an independent virtual parallel of the Pentagon's full terror futures exchange, the importance of the virtual exchange has escalated since the cancellation of the Pentagon project.

In creating a fluid virtual market in civil events deemed important to understand the new threats of global terrorsim, TerrorBet's core mission is to provide accurate data for statistical analysis of potential threats.

"We are facing new forms of threats to global security so we need to innovate to combat them.

Financial markets brings together thousands of participants with conflicting ideas which merge to form a single 'market view'. This market view is often a much more accurate predictive measure that the analysis of market experts alone." Programme director Chad Noble said. "We need new forms of analysis to combat the new forms of threat, not just from the Middle East, but all around the world. The press hype and criticism of the Pentagon project made dramatic headlines but ignored the vital aim of providing new and innovative statistical analysis to aid the fight against terrorism.

TerrorBet's core purpose is data analysis and by offering a virtual exchange, we can offer a wider range of people the opportunity to participate in the project and improve the quality of the results.

There are certainly no guarantees that the results will provide the breakthrough we are all looking for but unless we look to new forms of analysis, how can we ever hope to combat the new threats we face today?"

TerrorBet plans to open its virtual exchange in December 2003 and has already opened for trader preregistration.