Electronic trading major Interactive Brokers has added the ForecastTrader feature to the IBKR Desktop platform.

This feature allows clients to buy and sell exchange listed Forecast and Event Contracts. It 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.

To use this feature:

• Search for an event in the Search Panel.
• Select the Event Contracts tab.

• Click the Event you would like to buy.
• ForecastTrader opens allowing you to view additional information and submit your order.

Interactive Brokers regularly updates its trading solutions. Recent improvements to IBKR Desktop include Tactical Layout enhancements and the ability to view multiple IBKR Desktop monitors by detaching layout screens.