Interactive Brokers adds Thomson Reuters ESG reference data points and scores to TWS platform

Maria Nikolova

Environmental, Social and Governance (ESG) scores from Thomson Reuters are set to help those investors who would like to consider more than just financial factors when they make decisions.

Online trading major Interactive Brokers Group, Inc. (IEX:IBKR) is adding a new tool for investors who seek to consider a wider array of factors when making their investment decision. The latest beta version of the TWS platform introduces Thomson Reuters ESG reference data points and scores.

The Environmental, Social and Governance (ESG) scores and data points can be displayed in TWS as market data columns, and viewed as a graphical indicator displaying an overall score between 0 – 100%, with a breakdown of category (pillar) scores available when you hover over the ESG Overall score.

Both combined and individual (pillar) scores are available. Available data columns for Combined Scores includes:

  • ESG Combined Score – This is an overall company score based on the reported information in the environmental, social and corporate governance pillars (ESG Score) with an ESG Controversies overlay.
  • ESG Score – This is an overall company score based on the self-reported information in the environmental, social and corporate governance pillars. (comprises Resource Use Score, Emissions Score Environmental Innovation Score, Workforce Score, Human Rights Score, Community Score, Product Responsibility Score, Management Score, Shareholders Score, and CSR Strategy Score).

Data columns for category (Pillar) Scores include:

  • CSR Strategy Score – CSR strategy category score reflects a company’s practices to communicate that it integrates the economic (financial), social and environmental dimensions into its day-to-day decision-making processes.
  • Community Score – Community category score measures the company’s commitment towards being a good citizen, protecting public health and respecting business ethics.
  • ESG Controversies Score – ESG controversies category score measures a company’s exposure to environmental, social and governance controversies and negative events reflected in global media.
  • Emissions Score – Emission category score measures a company’s commitment and effectiveness towards reducing environmental emission in the production and operational processes.
  • Environmental Innovation Score – Environmental innovation category score reflects a company’s capacity to reduce the environmental costs and burdens for its customers, and thereby creating new market opportunities through new environmental technologies and processes or eco-designed products.
  • Human Rights Score – Human rights category score measures a company’s effectiveness towards respecting the fundamental human rights conventions.
  • Management Score – Management category score measures a company’s commitment and effectiveness towards following best practice corporate governance principles.
  • Product Responsibility Score – Product responsibility category score reflects a company’s capacity to produce quality goods and services integrating the customer’s health and safety, integrity and data privacy.
  • Resource Use Score – Resource use category score reflects a company’s performance and capacity to reduce the use of materials, energy or water, and to find more eco-efficient solutions by improving supply chain management.
  • Shareholders Score – Shareholders category score measures a company’s effectiveness towards equal treatment of shareholders and the use of anti-takeover devices.
  • Workforce Score – Workforce category score measures a company’s effectiveness towards job satisfaction, healthy and safe workplace, maintaining diversity and equal opportunities, and development opportunities for its workforce.

To add ESG columns to a tool, traders have to hover over a current column until the Insert Column command appears. Then, they have to click the column, and scroll down to ESG – Combined Scores or ESG – Pillar Scores and select a field to add.

The latest production release of the TWS platform includes a raft of enhancements. These include a new Implied Volatility (IV) calibration method and intuitive “Search” shortcuts for easy navigation.

Read this next

Digital Assets

Crypto trading volume spikes at Swiss bourse amid FTX collapse

The shockwaves from the historic collapse of Sam Bankman-Fried’s crypto empire are still being felt across the industry, but some trading venues are actually doing better because of it.

Executive Moves

CMC Markets adds Camilla Boldracchi to institutional sales

UK’s biggest spread better, CMC Markets has promoted Camilla Boldracchi to take on an expanded role within its institutional sales desk.

Institutional FX

FXSpotStream reports $1.48 trillion in monthly volume for November

FXSpotStream’s trading venue, the aggregator service of LiquidityMatch LLC, reported its operational metrics for November 2022, which moved higher on a yearly basis but reflected weak performance across executed trade volumes when weighed against the figures of the prior month.

Retail FX

Interactive Brokers’ client activity drops 30% YoY

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.95 million daily average revenue trades, or DARTS, in November 2022 compared to 1.96 million transactions in the prior month.

Digital Assets

The rise of Crypto ETPs in traditional exchanges as crypto winter deepens

Institutional investors are increasingly looking at traditional regulated exchanges as their first route into digital assets amid market turmoil caused by the crypto winter and the collapse of several big names within the space, including FTX. Acuiti and Eurex surveyed 191 buy and sell-side firms on their views of the digital assets markets in order […]

Digital Assets

TP ICAP’s crypto arm receives FCA’s go-ahead

UK interdealer broker TP ICAP has received a regulatory go-ahead to launch its cryptocurrency services in the UK. The bid shows that the recent collapse of FTX exchange has done little to damp the interest of big names in running their own crypto business.

Industry News

Coin Signals founder to pay $2,847,743 after prison sentence over crypto Ponzi scam

The U. S. District Court for the Southern District of New York has ordered Jeremy Spence, founder of Coin Signals, to pay $2,847,743 in restitution to victims of a fraudulent virtual currency scheme.

Digital Assets

CME Group goes DeFi: Reference rates and real-time indices of Aave, Curve, Synthetix

“These rates are designed to provide traders, institutions and other users transparency and price discovery across a much broader range of tokens, allowing them to confidently and more accurately value cryptocurrency sector specific portfolios and manage price risk around various blockchain-based projects.”

Digital Assets

BingX publishes Proof-of-Reserve report by auditor Mazars to address general distrust in crypto

“It is our responsibility to help our customers know their platform and feel safe. They should only trade in regulated and licensed exchanges or one showing them proof when they need it.”