ION adds event-based contracts to its XTP platform
The update is set to support futures commissions merchants (FCMs) looking to enter the prediction markets space, The TRADE understands.
The update is set to support futures commissions merchants (FCMs) looking to enter the prediction markets space, The TRADE understands.
As prediction markets continue to garner significant traction across everything from sports to politics, the concept is now entering the radar of institutional trading. Natasha Cocksedge explores the up-and-coming sector to question whether it is truly about ‘buying into the future’ and where the line between trading and gambling is drawn.
The new offering makes use of Blue Ocean Technologies and OTC Markets Group’s alternative trading systems to provide access to US-listed securities and OTC equity trading.
The collaboration will set the stage for further innovations including possible expansion into asset classes and workflows, according to the firm.