Understanding Ibkr Event Contracts and Their Uses

IbKR event contracts are a powerful tool for traders, allowing them to automate trading decisions based on specific market conditions. They can be used to implement a variety of trading strategies, from simple to complex.

Event contracts are designed to trigger trades based on specific events, such as a stock's price reaching a certain level or a company's earnings announcement. This can help traders stay on top of their positions and make adjustments as needed.

One of the key benefits of IbKR event contracts is their flexibility. They can be customized to fit a trader's specific needs and can be used in combination with other trading tools. This allows traders to create sophisticated trading strategies that can help them achieve their goals.

Event contracts can also be used to reduce trading costs and improve execution quality. By automating trades based on specific market conditions, traders can avoid making emotional decisions and ensure that their trades are executed quickly and efficiently.

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IBKR Event Contracts are a type of contract that allows traders to speculate on the outcome of events such as elections, referendums, or sporting events.

These contracts are traded on the Interactive Brokers Exchange (IBEX) and are settled in cash based on the outcome of the event.

IBKR Event Contracts are available for a wide range of events, including elections, referendums, and sporting events such as the Super Bowl and the World Cup.

Forecast Ex Request #2 can be a powerful tool for traders, allowing them to lock in a profit or limit a loss at a specific price level. This type of order is available for Event Contracts, which are designed to expire at a specific time or event.

Event Contracts can be traded with a variety of order types, including Forecast Ex, which is particularly useful for traders who want to lock in a profit or limit a loss at a specific price level. With Forecast Ex, you can set a specific price level and the system will automatically trigger the order when the price reaches that level.

You can use Forecast Ex Request #2 to lock in a profit or limit a loss at a specific price level, giving you more control over your trades. This can be especially useful for traders who are new to Event Contracts and want to minimize their risk.

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CME Request #2 is a crucial step in obtaining Event Contract records for tradable instruments on the CME exchange. This involves searching for records using the Conid of the underlying index, which in this case is NQ.

We'll use the endpoint https://api.ibkr.com/v1/api/iserver/secdef/info to make the request, which takes four parameters: conid, exchange, sectype, and month.

The conid parameter is set to 11004958 for NQ, exchange is set to CME, sectype is set to FOP, and month is set to the Contract Month of interest, such as AUG24.

The response will be a large list of both futures options and Event Contracts, which we'll need to filter to get the Event Contract records.

To filter out futures options, we can use the "EC" prefix to identify Event Contract instruments by their Trading Class, specifically "ECNQ" for NQ Event Contracts.

We can then capture the conids and associated attributes of the Event Contract records and proceed to make a request for the next Contract Month, such as SEP24, repeating the process for as many months as desired.

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