Interactive Brokers implements IBot enhancements in Android mobile app

Maria Nikolova

Less than a month after Interactive Brokers announced it was making drastic changes to the AI tech powering IBot, the IB TWS mobile app for Android gadgets sees bot enhancements.

As FinanceFeeds reported in June, electronic trading firm Interactive Brokers Group, Inc (NASDAQ:IBKR) is making major changes to IBot, its natural language interface to trading. Whereas Interactive Brokers first announced the changes along with the release of the latest Beta version of its Trader Workstation platform, the changes are now going beyond the desktop version of the solution and are spreading to the mobile trading environment.

The most recent version of the IB TWS mobile application for Android gadgets offers to its users some of the improvements that have been introduced in the desktop platform. The IB TWS mobile app now offers access to a smarter IBot, as the artificial intelligence (AI) technology behind it is revamped.

IBot’s user interface is changed to make it easier to apply machine learning, based on how traders interact with it. Key elements are easier to spot in the new design which uses the full screen instead of limiting commands to text bubbles.

IBot was made available on Android devices in April this year, several months after the AI solution was introduced on iOS devices. The robot understands commands in various areas of interest to traders, ranging from account information to charts and quotes.

IBot has enjoyed substantial development since its initial launch in the fall of 2016 and now supports a variety of functions. In April this year, IBot got some additional capabilities, as Interactive Brokers integrated its website search with IBot to enable educational and task-based returns.

The development of IBot signifies the increased popularity of AI solutions in the financial services industry, as automated programs overtake some functions traditionally performed by customer support staff. Of course, the robot cannot answer all sorts of questions but the scope of its knowledge is gradually growing. In case a command presents a difficulty for IBot, it will provide its best guess answer, accompanied by warning that the query is not supported.

Read this next

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,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

<