Electronic trading major Interactive Brokers Group Inc (NASDAQ:IBKR) today announced the expansion of Forecast Contracts into Europe.
These event-based contracts allow investors to take positions on clearly defined outcomes related to financial, economic and climate indicators. Trading is available nearly 24 hours a day, 6 days a week.
Forecast Contracts provide a straightforward way to express a view or manage risk tied to a specific event. Each Forecast Contract is based on a simple yes-or-no question. For example, an investor who believes the US Federal Reserve will raise the Fed Funds Target Rate above 3.875% at the FOMC meeting ending July 30, 2025, can purchase a “yes” contract. If correct, the contract settles at USD 1.00. If incorrect, it settles at zero. Prices range from USD 0.02 to USD 0.99, reflecting the market’s perceived probability of the outcome.
“Investors worldwide are increasingly seeking tools that help them manage event-driven risks with precision and simplicity,” said Milan Galik, Chief Executive Officer at Interactive Brokers. “By extending access to Forecast Contracts in Europe, we’re giving investors more ways to act on their views and manage risk through our comprehensive, global platform.”
Investors can trade through IBKR ForecastTrader, a dedicated web-based interface, or other Interactive Brokers platforms.
Forecast Contracts are available to eligible clients of Interactive Brokers LLC, Interactive Brokers Ireland Limited, Interactive Brokers Canada Inc., and Interactive Brokers Hong Kong Limited. The product is listed by ForecastEx LLC, a wholly owned subsidiary of Interactive Brokers and a CFTC-regulated Designated Contract Market. Availability may vary by jurisdiction and client eligibility.
