Press release
Interactive Brokers Expands Access to Prediction Markets with Nearly 24/6 Trading
Clients Can Now Trade Forecast Contracts on Key Economic, Government, and Climate Events Around the Clock, Six Days a Week GREENWICH, Conn.--(BUSINESS
About this update from Interactive Brokers Group, Inc.
[{"type":"text","content":"\nClients Can Now Trade Forecast Contracts on Key Economic, Government, and Climate Events Around the Clock, Six Days a Week\n\n GREENWICH, Conn.--(BUSINESS WIRE)--\nInteractive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced the launch of expanded trading hours for Forecast Contracts. Eligible clients can now trade Forecast Contracts nearly 24 hours a day, Sunday through Friday. This provides the flexibility to manage risk and express market views on economic, government, and climate events whenever opportunities occur.\n\nForecast Contracts provide a straightforward and cost-effective way to take a position on the outcomes of significant economic, government, and environmental events. Each contract is a \"Yes\" or \"No\" question, such as, \"Will the United States economy enter a recession by the end of Q2 2025?\" and allows investors to buy a position depending on their outlook.\n\n\"Today's markets react instantly to events happening across geographies and time zones,\" said Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. \"By extending trading hours for Forecast Contracts, we're offering clients the flexibility to act on critical market developments as they unfold, regardless of when they happen.\"\n\nForecast Contracts are available on multiple IBKR trading platforms, including IBKR Mobile, IBKR Desktop, Trader Workstation (TWS), Client Portal, and IBKR ForecastTrader, a dedicated web-based platform. Contracts are priced between USD 0.02 and USD 0.99 based on the market's assessment of each event's probability. A correct prediction settles at USD 1.00; an incorrect one settles at zero, providing a transparent, real-time indicator of investor sentiment.\n\nForecast Contracts are offered by ForecastEx LLC, a CFTC-regulated and wholly owned subsidiary of Interactive Brokers. They are available to eligible clients of Interactive Brokers LLC (US), Interactive Brokers Canada Inc., and Interactive Brokers Hong Kong.\n\nTo view live market prices and begin trading, visit:\n\nIBKR ForecastTrader – US and countries served by IB LLC\nIBKR ForecastTrader – Canada\nIBKR ForecastTrader – Hong Kong\n\nThe best-informed investors choose Interactive Brokers\n\nAbout Interactive Brokers Group, Inc.:\n\nInteractive Brokers Group affiliates provide automated trade execution and c...