Electronic trading major Interactive Brokers has released Beta Build 10.29 of its TWS platform. The enhancements concern Portfolio Performance Profile and Mutual Funds Swap.
The Exchange Fund feature allows clients to swap all or part of an eligible (long) mutual fund position into another fund from the same fund family. Funds must trade in the same currency. Swapping funds using the Exchange action may result in lower commissions, fewer tax consequences (for funds in the same family), and also allows clients to complete this action with a single transaction instead of selling, waiting for the trade to settle, and then buying another fund.
- Portfolio Performance Profile
Updates to the Portfolio Performance Profile feature have fixed recurring issues including:
- Performance data was being calculated incorrectly.
- Portfolio Performance Profile showed inaccurate cash breakdown values.
The broker says it will continue updating and enhancing the Performance Profile feature across all related tools including your Portfolio, the Options Strategy Lab, the Strategy Builder and Option Chain.
Interactive Brokers regularly updates its TWS platform. Recent enhancements include the addition of a Tax Loss Harvest tool.
