Interactive Brokers tests location-specific hurricane contracts

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. Contracts only go live once forecasts show a projected 5% chance of gusts topping 70 mph at a given location. Hurricane Isaias was the first Atlantic hurricane of 2026 to threaten the US.

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