Interactive Brokers updates IMPACT mobile trading app
A couple of months after Interactive Brokers Group (NASDAQ:IBKR) announced the global rollout of its IMPACT app, the electronic trading major has updated the solution.
The mobile app now supports social sharing to Facebook, Instagram, Twitter and other platforms. Investors can post their portfolio’s social impact grade based on the values they align with (like clean air and gender equality) to their community by tapping the share icon.
Support also includes sharing of one’s portfolio’s percentage returns.
IMPACT is a mobile trading application designed to help investors easily align their portfolios with their values and help shape the future they wish to see. Expanding upon Interactive Brokers’ Environmental, Social and Governance (ESG) trading initiatives, IMPACT by Interactive Brokers features a simple and intuitive app design that streamlines the sustainable investing process for any investor.
IMPACT allows investors to select their personal investment criteria from 13 impact values and principles, such as Clean Air, Pure Water, Ocean Life, and Land Health.
Based on these selections, the app provides impact scores on existing portfolios and holdings and identifies companies that align with investors’ selected criteria. (Interactive Brokers uses ESG data provided by third-party vendors and combines it with a client’s value preferences to generate impact scores.) This, along with the ability to review financial metrics for stocks and examine companies’ impact scores, affords investors the opportunity to improve their scores through the selection of alternative companies in a simple and efficient manner.
IMPACT also includes the “Swap” feature, a unique offering that gives users the ability to swap positions in the same dollar amount from one security to another. With one tap, investors can buy and sell securities simultaneously based on the comparative impact scores of one company versus another.