History of the futures industry: Railbird: Driving Progress in the Futures Industry

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Key Takeaways:‍

• Event contracts can help address financial challenges from global events like pandemics, extreme weather, and political changes.
• Innovation in futures trading enables coverage for risks often overlooked by traditional financial products.
• Railbird aims to provide new opportunities for business that face unique risks to hedge risk across a variety of sectors

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Global events, such as pandemics, extreme weather, and political changes, impact economies and create new risks. Events, ranging from local housing market values to the impact of severe weather, create unique financial challenges. That's where Railbird comes in. Founded in 2021, Railbird is a platform designed to fill the gaps in traditional futures trading by focusing on modern risks and the individuals affected by them.

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Railbird aims to provide new opportunities for businesses, especially in the service sectors, that face unique risks. The platform uses event contracts – a fresh approach in futures trading – to cover areas often overlooked by standard financial products. This means businesses and individuals can now hedge their economic risk in a broader range of events, from local housing markets to the effects of macro economic policy.

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