Interactive Brokers Launches ForecastTrader on IBKR Desktop
Interactive Brokers has introduced a new feature called ForecastTrader to its IBKR Desktop platform.
What Is ForecastTrader?
ForecastTrader enables users to trade exchange-listed Forecast and Event Contracts. These contracts are tied to the outcome of specific events. They help investors take short-term positions based on market direction. Users can decide if a key futures market will move up or down by the end of the trading day.
How It Works
To use ForecastTrader:
- Search for an event using the Search Panel.
- Click on the Event Contracts tab.
- Choose the event you want to trade.
- ForecastTrader will open, showing detailed information and allowing you to place an order.
Key Characteristics
- These contracts depend on specific event outcomes.
- They are valid only for the current trading day.
- They cover major futures markets.
IBKR Desktop Platform Updates
- IBKR Desktop now includes Tactical Layout enhancements.
- Users can also detach layout screens to view multiple monitors.
Benefits for Traders
This update will have these benefits for traders:
Simple and Fast Trading Process
The feature includes a clear step-by-step interface. Users can quickly search for events, select a contract, view information, and place an order — all from the same screen.
Short-Term Focus
The contracts are valid for one trading day only. This allows users to take quick positions without long-term commitments.
Expanded Product Access
By adding Forecast and Event Contracts, IBKR Desktop offers access to a new type of instrument tied to real-world events.
Improved Platform Functionality
Alongside ForecastTrader, updates like Tactical Layout enhancements and multi-monitor support make the platform more flexible and efficient for active traders.
About Interactive Brokers
Interactive Brokers (IB) is a global brokerage firm. It provides advanced trading platforms for trading stocks, options, futures, forex, bonds, and funds across over 150 markets. IB offers low-cost trading, comprehensive market access, and decisive analytical tools. It also provides real-time pricing and risk management on trading floors.
Summing Up
ForecastTrader adds a simple and focused way to trade short-term market views. It strengthens the IBKR Desktop platform and supports Interactive Brokers’ strategy of continuous platform improvement.
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