Interactive Brokers announced the expansion of Forecast Contracts into Europe, making these event-based contracts available to professional clients across the EEA. Plans are in place to roll them out to the general EEA population.
These contracts allow investors to take positions on clearly defined outcomes related to financial, economic, and climate indicators, with trading available nearly 24 hours a day, 6 days a week. This provides European investors with new tools for risk management and expressing market views.
Milan Galik, CEO of Interactive Brokers, stated that extending access to Forecast Contracts in Europe gives investors more ways to act on their views and manage risk through the company's comprehensive, global platform. Contracts pay an interest-like incentive coupon based on the market value of open positions.
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