Interactive Brokers enhances 3D Volatility Surface webtool

Maria Nikolova

The webtool, which was introduced to the TWS platform several months ago, becomes more precise.

Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has improved the capabilities of TWS, with the latest (beta) version of the trading platform introducing a range of enhancements, including more precision for the 3D Volatility Surface webtool.

The tool, which was first made available to traders several months ago, allows traders to view Implied Volatility in 3D using the 3D Volatility Surface webtool accessible from within the Implied Volatility Viewer. All they have to do is click the “3D” button to study the model volatility surface of contracts in 3D.

As a result, the platform displays the model surface together with individual option IV points. And traders can also compare the current surface with any historical value by plotting them together. The view can be rotated and zoomed.

With the latest TWS beta release, the 3D Volatility Surface webtool allows traders to specify the volatility unit. By default the unit is set to daily, but traders can change it to “annual” using the Volatility Unit radio buttons under the “Displayed Last Trading Dates.”

To open the 3D Volatility Surface webtool, one should simply click the “3D” button in the Implied Volatility Viewer. Alternatively, one can use the New Window drop-down and select Option Analysis, then Interactive Analytics, then 3D Volatility Surface. Then, one gets to select the symbol for which he/she wants to view the 3D volatility surface.

The latest beta version of TWS also adds new standalone windows to view the Dividend Schedule and Interest Rate Term Structure. These tools are also accessible from within the Model Navigator, where they are editable and allow traders to enter their own values.

To view the Dividend Schedule for a selected asset, traders can use the New Window drop-down and select Option Analysis, then Interactive Analytics then Dividend Schedule. To view the Interest Rate structure, use the New Window drop-down and select Option Analysis, then Interactive Analytics then Interest Rate. Alternatively, traders can select both tools from the right-click menu within the Implied Volatility Viewer.

To add the “Exposure Fee” tab to Risk Navigator, one should select “Exposure Fee” from the Risk Navigator Report menu. This tab shows a projection/estimation of any exposure fees, based on the current positions in the portfolio (both actual and what-if).

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎


Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.


FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.