Electronic trading major Interactive Brokers continues to enhance its TWS platform, with the latest build (10.3) offering several novelties.
Prior to placing a trade, Bond Traders may now view accrued interest on the Order Preview window. They may view this information:
From Classic TWS: Add the bond into a watchlist and right-click to buy or sell. When the Order Line appears, right-click on this line and select Check Margin Impact.
From Mosaic: Enter the Order Parameters for the trade in the Order Ticket and click the Advanced button followed by Check Margin. At the bottom of the pop-up, Accrued Interest will be displayed.
The Option Liquidity Tool offers the opportunity for clients to interact with IBKR SmartRouted order flow and have their orders filled in between the National Best Bid/Offer (NBBO). The IBUSOPT destination helps traders execute options trades more efficiently and effectively and helps achieve better executions by providing traders with more control over their trades by supporting different order types. To access this tool:
From Classic TWS: From the Trading Tools menu select Option Liquidity Tool.
From Mosaic: Use the New Window drop down and from the Option Tools section select Advanced Option Tools and then select Option Liquidity Tool.
Interactive Brokers has added an Option Exercise market data column which gives investors the ability to view the current In the Money value for an options contract.
To add the Option Exercise columns to the Quote Monitor or other window, hold your mouse over an existing Market Data column heading and click the green “+ Insert Column” button to insert column. From the displayed list select “In the Money”.
