IBKR ForecastTrader
Instructions
IBKR ForecastTrader lets investors buy and sell exchange listed Forecast and Event Contracts, which gives investors a new and straightforward way of participating in key futures markets. Exchange listed Forecast and Event Contracts are based on the outcome of an event and are short-term positions good for that trading day only. Forecast and Event Contracts let you express your view on whether the price of key futures markets will move up or down by the end of each day's trading session. You can select from Forecast Contracts by ForecastEx, LLC or event contracts by CME in the Equity Index, Energy, Metals and Foreign currency futures markets.
To use this tool, please take the steps outlined below.
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For Mosaic - Click New Window in the top left corner and search for IBKR ForecastTrader.
For Classic - Click the Trading Tools tab and search for IBKR ForecastTrader.
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The IBKR ForecastTrader window will open on your screen.
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To navigate back to TWS, select the Close IBKR ForecastTrader button at the top of the page. Please note, you will not need to log in and out to navigate between screens.
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A pop-up will appear stating "Your trading session has been transferred to IBKR ForecastTrader". To keep live data on the IBKR ForecastTrader window, do NOT press Connect. To switch live data over to regular TWS, select Connect.
Exchange listed Forecast and Event Contracts have weekly, monthly, quarterly and annual durations. Interactive Brokers will pay an incentive coupon at 0.5% under the prevailing Fed Funds rate on the closing market value of positions. Incentive coupons accrue daily and are paid monthly, currently at a rate of 4.83% APR.