Interactive Brokers tests location-specific hurricane contracts
Photo: Crypto Briefing
The broker's ForecastEx platform ran its first live storm pilot, with contracts tied to wind gusts at 25 coastal locations Interactive Brokers is testing a new set of live hurricane contracts on its ForecastEx platform, aimed at helping traders price and hedge storm risk one coastline at a time. The new contracts are tied to the maximum wind gust speed recorded at a specific coastal location during an Atlantic storm. Traders can pick from wind gust thresholds running from 70 mph to 200 mph, set in 10 mph steps.
Source: Crypto Briefing
