NEW YORK: A commercial market for political futures where traders can hedge and speculate on political risk based on ongoing legislative changes launched last Friday. Although the American Civics Exchange is operating with “play money” until the full launch in mid-to-late April, the group has undertaken a communications plan to spur high-net worth investors to place their money in the online trading platform.
The exchange, which targets individuals, institutions, and others with millions of dollars to invest, will focus its outreach ...