Interactive Brokers adds new Short Selling column for stocks and ETFs in TWS platform

Maria Nikolova

The new “Utilization” column displays a ratio that provides insight into the potential value of shares a trader owns and may be particularly useful for participants in Interactive Brokers’ Stock Yield Enhancement Program.

Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) keeps adding more functionalities to its proprietary TWS platform. The latest (beta) version of the platform introduces a new Short Selling column for stocks and ETFs, called Utilization.

“Utilization” displays a percentage, the ratio of “shares lent” to “shares available,” and provides an insight into the general level of demand for an asset. The bigger the Utilization percentage, the greater the demand for the asset. The Utilization percentage is calculated as:

Number of shares loaned (across all outstanding loans) ÷ number of shares available to loan (from lending agents)

The utilization offers traders information about the potential value of shares they own, and may be especially useful to IB clients who participate in the Stock Yield Enhancement Program, or are considering doing so.

Interactive Brokers’ Stock Yield Enhancement Program offers traders to get extra income on the fully-paid shares of stock held in their account. This plan allows the company to borrow shares from the trader in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay interest to borrow them. Each day that a trader’s stock is on loan, he/she will be paid interest on the cash collateral posted to his/her account for the loan based on market rates.

Talking of recent enhancements to the TWS platform, let’s note other precision improvements too, such as making more useful data available by displaying the “Volatility Products” tab in IB Risk Navigator. Among the improvements introduced in one of the preceding versions of the TWS platform are the editable Order Quantity fields. Traders can view and edit order quantity in two fields. The “Total Quantity” field which always displays the orders’s original size, and the “Quantity” field, also labeled “Outstanding Quantity”, which updates as the order fills to reflect the shares remaining to fill.

Interactive Brokers’ TWS platform now also offers TipRanks fundamental analysis for US stocks. TipRanks aims to bring the general public accurate and accountable financial advice, provided by analysts, hedge fund managers, financial bloggers, and corporate insiders. The technology uses Natural Language Processing (NLP) algorithms to aggregate and analyze financial data online. The TipRanks data is available on TWS through new tabs in the Analyst Ratings (Summary) and Analyst Ratings (Details) windows.

Read this next

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

<