Interactive Brokers further enhances TWS platform
The latest production release of TWS provides more opportunities for in-depth market data view.
US online trading expert Interactive Brokers Group, Inc. (NASDAQ:IBKR) has earlier this month released a new version of its proprietary TWS platform. FinanceFeeds has been keeping an eye on the developments regarding this solution, as it often presents us with novelties in various fields, including Artificial Intelligence.
The latest production release of TWS features a Consolidated Quote Button, which seeks to provide traders with more opportunities to gain an in-depth view of the market.
A new Consolidated button has been introduced to TWS Mosaic and Classic views. The button is displayed when a US equity product is selected, and when clicked it shows a consolidated market data view for that instrument.
Within Mosaic, when the button is clicked, attention is brought to the Quote Details tile if that is included in the layout. If not, a small consolidated quote box appears, showing various data, including the last price, the change, the last size and exchange.
In Classic view, selecting an eligible product displays the Consolidated button in the new Ticker Action field. When clicked, the consolidated quote box appears, showing information such as the last price, the change, the last size and exchange.
Starting early this month, this Consolidated button will assume an addition role as the “snapshot” button. As a result, traders will have access to expanded data offerings and will benefit from greater customization capabilities. Clients will have the option to receive streaming data from one, two or all three of the official tapes at the full monthly rate, or receive delayed data along with the ability to see “snapshot” quotes from these services at 0.01 USD (or equivalent) per snapshot, capped at the monthly streaming service rate.
Before this change is implemented, clients of the broker will receive a communication providing detailed explanation of the transition.
The latest production release of the TWS platform offers traders to make use of a Cash Quantity feature for Forex Orders – FinanceFeeds has already reported about this feature being in the works. Thanks to this functionality, traders can have the system calculate the order quantity for Forex orders based on a monetary value that they set.
The newest release of the TWS platform also enriches the capabilities of Interactive Broker’s IBot – a text-based interface for the TWS platform, initially rolled out in late 2016.
