Election contracts are live for trading
IBKR ForecastTrader lets you use exchange-listed Forecast Contracts to trade your opinion on yes-or-no questions on political1, economic and climate indicators.
Sign Up View Live MarketsDisplayed outcomes and prices are based on real-time market sentiment from ForecastEx LLC, an affiliate of IB LLC. For more information see ibkr.com/realfex
Forecast Contracts provide exposure to political, economic and climate indicators while limiting your risk because the max loss on each contract is limited to the price paid for the contract.
For each Forecast Contract you hold that expires “in the money,” in reference to the underlying settlement value, you receive a fixed payout of USD 1.00. Your max profit per contract is USD 1.00 minus the contract cost, fees and commissions. Forecast Contracts are priced between USD 0.02 to USD 0.99 per contract and quoted in USD 0.01 increments.
Forecast Contracts are offered at zero-commission at Interactive Brokers.
Forecast Contracts pay an incentive coupon based on the closing market value of the positions. The incentive coupon accrues daily and is paid monthly. Incentive coupons are currently paid at a rate of 4.33% APY.
Example: If you purchase a position at USD 0.50 and the market closes at USD 0.50, the daily incentive coupon will be based on USD 0.50. If, on the following day, the market for the same contract closes at USD 0.70, the daily incentive coupon will be based on USD 0.70.
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ForecastEx has trading hours from 8:00 am ET to 1:00 am ET five days a week. There is a 15-minute break at 5:00 pm ET when the trading day ends, and a new trading day begins at 5:15 pm ET. At 1:00 am ET, markets are paused for seven hours, and the trading day resumes at 8:00 am ET. Executions after 5:15 pm ET are part of the trading day that ends the following day at 5:00 pm.
Event Contracts provide exposure to key futures markets while limiting your risk because the most you can lose on each contract is the price you pay for the contract.
For each Event Contract you hold that expires “in the money”, in reference to the underlying futures settlement price, you receive a fixed payout of USD 100.00. Your max profit per contract is USD 100.00 minus the contract cost, fees and commissions. Event Contracts are priced between USD 1.00 to USD 99.00 per contract and quoted in USD 1.00 increments.
Interactive Brokers offers a low, transparent commission of just USD 0.10 per Event Contract.
Use our desktop, mobile and online trading platforms to monitor your existing positions or search for new Forecast Contracts.
Searching ‘US Presidential Election,’ 'US Real GDP' or 'Fed Funds Target' finds the contract, then clicking the search result provides links to our Forecast Contract trading platform. Toggling between trading platforms is seamless, and you do not need to log in or out as you move between them. For detailed info on accessing Forecast Contracts on TWS, IBKR Mobile and Client Portal, see below under "Already an Interactive Brokers Client?
Interactive Brokers clients can use their existing login credentials to access IBKR ForecastTrader. If you already have Futures trading permission, you are permissioned for Forecast Contracts.
If you do not have Futures trading permission but would like to trade Forecast Contracts:
Trading permissions are usually approved overnight.
Interactive Brokers (Nasdaq: IBKR) is an automated global electronic broker that serves individual investors, hedge funds, proprietary trading groups, registered investment advisors and introducing brokers.
Our four-decade focus on technology and automation allows us to provide our clients with a uniquely sophisticated, low-cost global platform for managing investments.
Our clients enjoy low-cost access to stocks, options, futures, currencies, bonds and funds from a single unified platform.
Forecast Contract positions are available for review from any of our trading platforms.
You can also seamlessly access IBKR ForecastTrader from our other trading platforms. Click a trading platform to learn how.
Forecast Contracts are only available to eligible clients of Interactive Brokers LLC, Interactive Brokers Hong Kong Limited, and Interactive Brokers Singapore Pte. Ltd.