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Interactive Brokers ($IBKR) has launched forecast contracts on economic and climate indicators. This new product allows traders to speculate on weather patterns and other climate-related data, marking a significant expansion in the types of assets that can be traded. The move has sparked discussions about the potential implications and the nature of such financial products.
When can we trade 0DTEs on the weather? https://t.co/J4dClH5MNa
I literally made the case for the weather/temperature to become the next Leveraged Exchange Traded Product. It was parody to express the fraudulent nature of the products but damn… https://t.co/f20mRBbVBJ
You can now trade the weather on Interactive Brokers. We need to raise rates by 1500bps. https://t.co/xePcea1noI