Interactive Brokers mobile app adds support for algo trading for stocks
Online trading major Interactive Brokers continues to enhance its trading solutions. The company has just released a new version of the IBKR mobile trading app.
The app now supports algo trading for stocks. Algos efficiently carry out specific instructions designed to gain speed and accuracy and often reduce costs over manual order types.
To use IB Algos tap the Algos toggle in the Order Types list and choose an algo. Define parameters as needed before submitting the order.
Interactive Brokers regularly updates its trading solutions. In February 2021, the broker released a new version of the app which offers improved news and research reader that makes it easy to find the content traders really want to read. Users of the app can search by topic, symbol or keyword and save their search for future viewing.
The app also offers conditions (and) (or) (not) for more precise results. Personalized “My News” tab provides relevant reports and headlines based on one’s activity, and lets users add/remove topics as needed.
Interactive Brokers has also embedded TV and video just below the Search field for easy access.
The company has recently added Impact Dashboard, an innovative sustainable investment tool, to the IBKR mobile app.
Traders can identify issues they support (like gender and racial equality) and oppose (like animal testing and greenhouse emissions) and the dashboard will grade their portfolio to show which companies align with their principles.
The Impact Dashboard allows investors to select their personal investment criteria from 13 impact values and principles including Clean Air, Pure Water, Ocean Life, Land Health, Consumer Safety, Ethical Leadership, Gender Equality, Racial Equality, LGBTQ Inclusion, Company Transparency, Sustainable Product Lifecycle, Mindful Business Models and Fair Labor & Thriving Communities.