ForecastEx, LLC Announces New Clearing Member
ForecastEx, a CFTC Designated Contract Market and Derivative Clearing Organization, announces the approval of Robinhood Derivatives as a new Clearing Member. ForecastEx offers Futures Commission Merchants (FCMs) and their customers the ability to trade event contracts related to political, economic, and climate outcomes. These Forecast Contracts can be purchased through either Robinhood Derivatives or Interactive Brokers, with payouts of $1.00 for correct predictions and $0 for incorrect ones.
ForecastEx, un Mercato di Contratti Designati dalla CFTC e una Organizzazione di Clearing Derivati, annuncia l'approvazione di Robinhood Derivatives come nuovo Membro di Clearing. ForecastEx offre ai Commercianti di Futuros (FCMs) e ai loro clienti la possibilità di negoziare contratti evento legati a risultati politici, economici e climatici. Questi Contratti di Previsione possono essere acquistati tramite Robinhood Derivatives o Interactive Brokers, con pagamenti di $1,00 per previsioni corrette e $0 per quelle incorrette.
ForecastEx, un Mercado de Contratos Designado por la CFTC y una Organización de Compensación de Derivados, anuncia la aprobación de Robinhood Derivatives como nuevo Miembro de Compensación. ForecastEx ofrece a los Comerciantes de Futuros (FCMs) y a sus clientes la capacidad de negociar contratos de evento relacionados con resultados políticos, económicos y climáticos. Estos Contratos de Pronóstico se pueden adquirir a través de Robinhood Derivatives o Interactive Brokers, con pagos de $1.00 por predicciones correctas y $0 por incorrectas.
ForecastEx는 CFTC 지정 계약 시장이자 파생 상품 청산 기관으로, Robinhood Derivatives를 새로운 청산 회원으로 승인했다고 발표했습니다. ForecastEx는 선물 위탁상인(FCMs) 및 고객에게 정치적, 경제적 및 기후적 결과와 관련된 이벤트 계약을 거래할 수 있는 능력을 제공합니다. 이러한 예측 계약은 Robinhood Derivatives 또는 Interactive Brokers를 통해 구매할 수 있으며, 정확한 예측에 대해 $1.00의 지급과 부정확한 예측에 대해 $0이 지급됩니다.
ForecastEx, un Marché de Contrats Désignés par la CFTC et une Organisation de Compensation de Dérivés, annonce l'approbation de Robinhood Derivatives en tant que nouveau Membre de Compensation. ForecastEx offre aux Marchands de Contrats à Terme (FCMs) et à leurs clients la possibilité de négocier des contrats d'événements liés à des résultats politiques, économiques et climatiques. Ces Contrats de Prévision peuvent être achetés via Robinhood Derivatives ou Interactive Brokers, avec des paiements de 1,00 $ pour les prévisions correctes et de 0 $ pour les incorrectes.
ForecastEx, ein von der CFTC designierter Vertragsmarkt und eine Clearingstelle für Derivate, kündigt die Genehmigung von Robinhood Derivatives als neues Clearing-Mitglied an. ForecastEx bietet Futures-Kommission-Händlern (FCMs) und ihren Kunden die Möglichkeit, Eventverträge zu politischen, wirtschaftlichen und klimatischen Ergebnissen zu handeln. Diese Prognoseverträge können über Robinhood Derivatives oder Interactive Brokers erworben werden, mit Auszahlungen von $1,00 für korrekte Vorhersagen und $0 für falsche.
- Addition of Robinhood Derivatives as a new clearing member expands market reach
- Established partnership with major brokers (Interactive Brokers and Robinhood) for distribution
- None.
Insights
This announcement carries minimal significance for Interactive Brokers (IBKR). While ForecastEx adds a new clearing member with Robinhood Derivatives, IBKR remains one of only two FCMs offering these event contracts. The impact on IBKR's revenue stream will likely be marginal for several reasons:
- Event contracts represent a niche market segment
- The addition of Robinhood may split the existing small market rather than significantly expand it
- IBKR's diverse revenue streams mean this product line is not material to overall performance
The development indicates growing competition in the event contracts space but doesn't materially affect IBKR's market position or financial outlook.
ForecastEx offers FCMs and their customers the ability to hedge against or express conviction on the outcome of key political, economic and climate events using Forecast Contracts. For example, a customer who believes that Kamala Harris will win the 2024 US presidential election could submit a bid for the "Yes" contract of the event pair titled "Will Kamala Harris win the US Presidential Election in 2024?". If Kamala Harris is certified as the winner by the US Congress, then the holder of that "Yes" contract will be paid
Forecast Contracts can be purchased through either Robinhood Derivatives, LLC or Interactive Brokers, LLC and a complete list of contracts offered may be found on the ForecastEx website.
Other FCMs interested in ForecastEx membership should contact membership@forecastex.com.
About ForecastEx:
ForecastEx is a wholly owned subsidiary of Interactive Brokers Group, Inc (Nasdaq: IBKR), whose other subsidiaries include Interactive Brokers LLC (IB LLC) and IB Global Investments LLC (IBGI LLC). IB LLC, an FCM and broker, is a ForecastEx Member approved to offer Forecast Contracts to its customers as well as eligible customers of other non-
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SOURCE ForecastEx LLC
FAQ
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