Interactive Brokers TWS platform enhances Funds functionalities
Electronic trading major Interactive Brokers has released a new version of its TWS platform.
In build 10.17 of the platform, Funds data points now support ETFs.
The existing 150+ data points in the Funds categories of window columns now populate ETF data lines as well as Mutual Funds. To add these data points to a window or tool (Watchlist, Portfolio etc) hold your mouse over an existing field, select Insert Column from the pop-up command, then scroll to the Funds categories. Use the > to expand a category and select a field.
Let’s note that the latest version of the TWS platform shifts product-related actions in TWS to 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.
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.