Interactive Brokers ForecastTrader for Event-Driven Trading

Interactive Brokers has introduced an exciting new feature, the ForecastTrader, on its IBKR Desktop platform. This addition offers clients a unique opportunity to participate in exchange-listed Forecast and Event Contracts, enabling investors to take short-term positions based on the potential price movement of key futures markets.

Forecast and Event Contracts are designed around specific events, offering traders a chance to speculate on whether the price of a key asset will rise or fall by the end of the trading day. These contracts are ideal for those seeking a straightforward and efficient way to express market views on upcoming events, without holding positions beyond the day’s close.

Interactive Brokers ForecastTrader for Event-Driven Trading

To use the ForecastTrader, clients simply need to follow a few easy steps. First, search for an event in the Search Panel on the IBKR Desktop platform. Once located, select the Event Contracts tab, where users can browse available events. By clicking on the event of interest, the ForecastTrader interface opens, providing clients with detailed information about the contract, along with the option to place their order.

In addition to the introduction of the ForecastTrader, Interactive Brokers has made several other improvements to enhance user experience. Recent updates include Tactical Layout enhancements, allowing for a more customizable workspace, and the ability to detach layout screens to view multiple IBKR Desktop monitors simultaneously. These improvements aim to streamline trading workflows and provide clients with more flexibility and control over their trading environment.

The ForecastTrader feature is part of Interactive Brokers’ ongoing efforts to enhance its trading solutions and provide clients with cutting-edge tools to navigate the financial markets. By enabling participation in these short-term contracts, IB seeks to cater to the growing demand for quick, event-driven trading opportunities.

With these updates, Interactive Brokers continues to reinforce its commitment to offering innovative solutions for active traders and investors, helping them stay ahead in an ever-evolving market landscape.

Company Overview

Interactive Brokers caters to diverse requirements, offering competitive fees alongside a wide array of trading options such as stocks, ETFs, options, futures, and other global assets. It distinguishes itself as a top-tier brokerage, particularly appealing to traders and investors seeking a straightforward trading experience. With Interactive Brokers’ user-friendly platform, users can execute trades seamlessly, benefiting from competitive spreads that enhance cost-effectiveness. 

Discover more in our Complete Review.