Electronic trading major Interactive Brokers has released a new (beta) version of its TWS platform. TWS Beta Version 10.17 will see orders, TIFs use Instrument Time Zone.

To ensure accuracy and consistency, all product-related actions in TWS, including orders and algos with start/end time, will now use the time zone of the instrument’s exchange instead of the user’s time zone. A new icon and mouse-over explanation will display in areas where the instrument time zone is used.

Certain “operator-specific” information, for example for Advisors, when an order is received from a client, will still be shown in the operator’s time zone.

Interactive Brokers regularly updates the TWS platform. Build 10.16 allows traders to easily create Profit Taker/Stop Loss bracket orders to help exit an existing position using the Exit Strategy tool.

To open, right-click a position in your portfolio and from the Trade menu select Create Target/Stop Exit Bracket. Bracket orders are designed to help limit loss and protect profit by “bracketing” an order or position with two opposite-side orders that are submitted when the price of the instrument penetrates either order’s trigger price.

The 10.16 TWS build also allows the Reallocate tool (used to reallocated money between a group or account’s models) to be opened in the Mosaic layout from the New Window > Portfolio tools menu. This means you can now view both the Reallocate tool and your portfolio in the same window. Additionally, you can now add the Reallocate tool to a Mosaic layout as a tile, if needed.