Interactive Brokers adds more columns, new options exercise screen, extra IBot capabilities in IB TWS mobile app
Users of IB TWS mobile app for Android devices can use IBot to enter advanced order types like Accumulate/Distribute.
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has released an updated version of the IB TWS mobile application for Android devices.
The latest enhancements include more columns – more than 50 of new desktop columns are now available to user of the solution.
Traders can also make use of the new Option Exercise screen to monitor and exercise options, futures options and warrants. Instrument details screen shows more detailed market and position information, as well as the ability to rearrange and collapse sections.
In addition, traders can use IBot, Interactive Brokers’ AI solution, to enter advanced order types like Accumulate/Distribute. The broker notes that this feature is being rolled out gradually is not not yet available from the Order screen.
In January this year, FinanceFeeds reported about the gradual release of this feature. Back then, we explained that IBot got the ability to guide traders through the process of creating a custom Accumulate/Distribute algo thanks to a series of simple questions. Accumulate/Distribute was designed to help traders buy or sell large quantities over time, minimizing market impact by submitting orders in smaller components, randomizing size and time.
To create an Accumulate/Distribute algo using IBot, traders should simply enter an Accumulate/Distribute-relevant command, such as “accumulate 2300 shares of IBKR”. IBot will then offer a series of simple parameters for the trader to complete. Once the algo order is complete, IBot presents a full summary of the order as a trader defined it. Traders can choose to Submit the order, Edit the order using the full Accumulate/Distribute interface, or Cancel the order.
Other recent improvements to the IB TWS mobile app for Android devices have focused on facilitating work with orders. Traders can now cancel all working orders using the “Cancel All Orders” command, located in the menu of Orders screen. In addition, users of the solution may use Close Side button on the “Instrument Details” screen to close all put or call legs in a qualifying combo position.
