Interactive Brokers merges iPhone and iPad apps into universal mobile application

Maria Nikolova

The latest version of IB TWS makes the solution a universal app, that is, the same mobile application can be installed both on an iPhone and an iPad.

Electronic trading expert Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just released the latest version (8.36) of its IB TWS application for iOS devices. The key enhancement is that the solution is now a universal application, that is, the same version can be installed on an iPhone and an iPad.

The merger of iPhone and iPad apps is not a novel move for the online trading industry. Swissquote, for instance, introduced this change to its Mobile Banking and Trading Solution in March this year.

The creation of universal apps for iOS devices is somewhat controversial, however, with programmers not welcoming it usually, as it implies heavy coding and restrictions on what may work on both devices and what may not. One programmer once named this problem “The Frankencode”. For instance, if a bug emerges on an iPhone, then users of iPad have to download an updated version of the app although it was not the iPad that triggered the problem. Or, users have to wait for a long time for a new release until it works well on both types of devices.

The benefits of a universal app are also for users, the first being that they no longer have to download different apps on different devices. Also, in case they have in-app purchases, this will save them money.

In addition, anecdotal evidence says that companies offering universal apps rank better in iTunes.

The preceding updates to IB TWS for iOS devices have focused on IBot, the natural interface to trading developed by Interactive Brokers. The artificial intelligence solution that was first introduced by the broker in the fall of 2016 and has since been growing smarter, as it gets to search more areas to provide answers to more questions.

IBot can now search knowledge databases to deliver answers to customers’ questions. The TWS platform also integrates Interactive Brokers’ website search with IBot to allow educational and task-based returns. With the integration, IBot can respond to questions like “How do I fund my account?” and “How do I transfer funds?” by returning the top five best information links from Interactive Brokers’ website.

Read this next

Retail FX

Weekly Roundup: John Oliver rips into MetaTrader, Binance to pay $10 billion

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

Retail FX

Lark Funding reopens to US traders, MyFundedFX picks cTrader

Canada-based prop trading firm Lark Funding announced it will once again welcome clients from the United States.

Institutional FX

Cboe FX volume falls to lowest level since summer

Cboe’s institutional spot FX platform, known as Cboe Spot, today announced its trading volume for the month ending February 2024, which took a step back after a strong rebound in December.

Retail FX

ThinkMarkets secures lucrative DFSA license in Dubai

Melbourne-based broker ThinkMarkets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Digital Assets

New Horizen Lays Out Its Vision Of A Modular, Proof Verification Layer For Web3 Networks

Horizen is forging a new path for the future of blockchain with its New Horizen initiative, which is building a modular Proof Verification layer that’s dedicated to verifying cryptographic proofs for any settlement layer, beginning with Ethereum. 

Digital Assets

Karma3 Labs Raises a $4.5M Seed Round Led By Galaxy and IDEO CoLab to Build OpenRank, a Decentralized Reputation Protocol

Using OpenRank, developers and web3 companies can build consumer apps where people can discover, use, fund, read, or buy something on-chain without worrying about getting spammed or scammed.

Digital Assets

Worldcoin down as Elon Musk sues OpenAI CEO Sam Altman

Worldcoin’s (WLD) token dropped following news of a lawsuit against related company OpenAI. The lawsuit was filed by Elon Musk and accused OpenAI and CEO Sam Altman of breach of contract.

Institutional FX

Exegy’s Liquidity Lamp adds intraday data to outperform S&P 500 by 31.8%

Exegy has incorporated intraday signals into its AI-powered iceberg order detection tool, Liquidity Lamp. By adding intraday data to a baseline mean reversion strategy, Exegy’s model outperformed the baseline by 10.5% and the S&P 500 (SPY) by 31.8%, respectively in the out-of-sample testing.

Industry News

Think Elon Musk backed your crypto exchange? ASIC’s latest reveal may shock you

In an absolutely shocking turn of events that nobody could have possibly seen coming, the Australian Securities and Investments Commission (ASIC) has bravely stepped forward to reveal that, yes, those videos of Elon Musk passionately endorsing a cryptocurrency exchange are as fake as a three-dollar bill.