Interactive Brokers adds US CDs as new category to Advanced Market Scanners in TWS

Maria Nikolova

The category enables traders to scan for corporate CDs and see them listed separately from US Corporate Bonds, where they were previously displayed.

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US electronic trading giant Interactive Brokers Group, Inc. (NASDAQ:IBKR) keeps improving the capabilities of its Trader Workstation (TWS) platform.

The latest beta version of the solution adds a new instrument category – US Certificates of Deposit (CDs), to the Advanced Market Scanners in TWS. The new category allows traders to scan for corporate CDs and see them listed separately from US Corporate Bonds, where they used to be displayed.

This is a move towards precision by Interactive Brokers, as CDs are different from bonds. For instance, CDs are more similar to a savings account and usually bring lower return than bonds as the latter are riskier. The return on CDs, however, is usually a little better than a savings account.

As usual, it is good to remember that trading Certificates of Deposit (CDs), including those that are insured by the Federal Deposit Insurance Company (FDIC), has some inherent risk. To mention one example, brokered CDs, unlike CDs purchased directly from a bank, cannot be redeemed prior to maturity.

So, how to access the new category of instruments?

To use Advanced Market Scanners from within Mosaic, one has to go to the Technical Analytics section from the New Window drop down and select Advanced Market Scanner. Then, select US CDs from the Instrument list, and define filters. Then, in order to run the scan, one should click Search. Clicking on Edit allows traders to modify scan filters and parameters at any time.

To use the scanners within the Classic layout, one may use the Analytical Tools menu and then select Advanced Market Scanner. Then it’s simple – select US CDs from the Instrument list, and define filters. Running the scan is possible by clicking “Search”. Clicking “Edit” allows modification of scan filters and parameters at any time.

Interactive Brokers has recently been working on expanding the Scanners & Columns capabilities on TWS. As FinanceFeeds has earlier reported, Interactive Brokers has added new tools from AltaVista Research and Recognia.

IB TWS offers AltaVista Research-powered ETF market scanners and columns, which make filtering and scanning of 1,400 US Equity and Fixed Income ETFs possible by using the numerous (over 30) data points provided by AltaVista Research. These include Assets Under Management, Expense Ratio, Year-to-date, Developed Market Exposure, Payout, Forward Price/Cash Flow, Long Term Growth, Short Interest, etc. In addition, traders can add ETF-based columns to any tool.

IB TWS also offers Recognia Research technical indicator scanners and columns, which harness a pattern recognition technology that identifies technical events which may indicate the short-term, mid-term or long-term trends. Recognia can recognize over 60 technical events, like Head and Shoulders, Breakouts, Shooting Stars, Hammers and Gravestones.

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