The CX Futures Exchange, L.P. (AKA Cantor Exchange, CX Markets) operates a designated contract market that offers financial products related to foreign exchange and weather, operating in conjunction with its sister company, the Clearinghouse. Various platforms under the CX Markets umbrella offer speculators and hedgers the ability to make trades based on predictions of currency exchange rates, as well as weather phenomena, including rainfall amounts, snowfall amounts, tropical storms, and high and low temperatures.
The process works as follows: a trader selects a market to bet on, such as rain, snow, hurricane landfalls, or high and low temperatures. After that, they have to make a prediction for the weather on a specific day from that point forward. The last step is the trader’s payout, which is proportional to the accuracy of their prediction and the total amount of money they invested.
Payouts for products related to weather are based on a competitive trading system in which sellers purchase contracts from buyers that allow sellers to predict the correct storm landfall location or weather. The number of contracts purchased determines the payout.
CX Markets offers traders access to the highly popular forex market, as well as binary options, which offer fixed payouts for trades finishing in the money. In addition, keeping losses contained to the amount wagered on losing trades is also an attractive feature of binary options. For more information on CX Markets, you may want to check out CX Review.
Forex Binary Options is one of the most popular products of CX Markets. Trading on the CX markets is possible with only 30-second left before the expiration of the contract. Liquidity must be present for this to take place. Thus, in this regard, this broker stands out when it comes to software compatibility and binary options signals.