Electronic trading major Interactive Brokers continues to update its TWS trading platform. The latest (beta) release of the platform streamlines the Financial Instrument Description fields.
In version 10.10 of the platform, Interactive Brokers has combined the group of Financial Instrument Description fields, including Description, Exchange, Symbol, and Underlying, into a single field called Financial Instrument. This aggregation applies across all tools that allow adding/removing of fields and across all of Interactive Brokers’ trading platforms.
Interactive Brokers regularly updates its trading platforms. The preceding build of the platform enhanced the Advisor Allocation Group functionality. The most recent updates to Advisor Allocation Group include:
- Removal of Method Field in Orders: The allocation “Method” drop-down field is no longer available in the order entry area. Previously, when you selected a Group you could choose to modify the allocation Method for that group. Now, you can see the allocation method in the order line, but you must modify the method in the Advisor Setup area.
- Changes to “Equal Quantity” Method: The Equal Quantity method has been changed to “Equal.” The functionality of this method has also been changed. Instead of allocating an equal number of units among all accounts in the selected group, the Equal method attempts to make the positions equal. In some cases this may result in Equal Quantity.
- Allocation Group Default Quantity: You can now define a Default Size for Group Allocations using the Default Size field that displays on the Create Group box when you choose a method. If you set a default size, it will be applied to an order when you select that Group. If no Default Size is set, the order will use the Preset default size.
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