Oldenburg. 19 April 2007 – The FTD-Strategy bourse is a virtual stock market, where participants express their expectations about future events through the selling and buying of virtual shares. Several prediction markets relating to different issues about economic and political developments are being offered in parallel. The new service starts with topics like the DAX30, Hillary Clinton as presidential candidate for the Democratic Party in the USA, the local elections in the city of Bremen in Germany in 2007, the market share of mobile phone manufacturers, the presidential elections in France as well as the increase in GDP and the market share of luxury cars in Germany.
The “Wisdom of Crowds” is considered to outperform expert knowledge in dimensions like topicality as well as width, depth and references of knowledge. A principle of prediction markets, as of any electronic exchange, is that those who buy cheap and sell at a higher price benefit.