Interactive Brokers simplifies access to various trading tools in TWS platform

Maria Nikolova

A number of trading tool shortcuts have been added in TWS’ Mosaic Order Entry panel.

Electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just unveiled a set of enhancements introduced in the latest (Beta) version of its proprietary platform TWS.

The additions include new trading tool shortcuts in the Mosaic Order Entry panel. Traders can now make use of a helpful set of drop down shortcuts added to the Option Chain button. These shortcuts open the selected tool with the current Instrument Type as the focus. Shortcuts include Option Chain, BookTrader, Market Depth, Strategy Builder, Fundamentals, Time & Sales and Alerts.

In order to quickly access any of the above tools from the Mosaic Order Entry Panel, one should simply click the “down” arrow on the Option Chain button and select the desired tool. When a pick is made, the button label changes to reflect the selection.

In TWS 966, the team of Interactive Brokers TWS simplified the use of the Adaptive IB Algo in Mosaic’s Order Entry, so that traders could swiftly make use of the fastest fill at the best all-in price. As the name of the algo suggests, it adapts to match market conditions.

Other recent enhancements to the TWS platform concern artificial intelligence (AI), and IBot, in particular. Just a couple of days ago, Interactive Brokers announced plans for a series of improvements to the bot, with the first step being to revamp IBot’s user interface. This change is set to make it easier to apply machine learning, based on how traders interact with the platform.

The first version of IBot was rolled out in late 2016 with the aim to provide users of the TWS platform with what the company describes as “a natural way to trade”. The use of natural language helps traders avoid the usual disadvantages associated with a standard interface, as they are able to speak (or type) commands without worrying about the precise wording. Of course, the AI solution does not support all types of commands and does not know the answers to all questions but in such cases it will provide the best-efforts result, accompanied by a warning that the command is potentially misunderstood.

Read this next

Digital Assets

Digital Dollar but without blockchain?

A digital dollar is on the horizon and is being actively considered by the Fed and the SEC in a push towards digitalization of the financial ecosystem and also to stop the advance of crypto tokens and stablecoins but in a new twist last week, reports have emerged that it may not be based on the blockchain after all.

Institutional FX

Deutsche Bank goes live with its FX pricing and trade engine in Singapore

Deutsche Bank has gone live with its electronic foreign exchange pricing and trading engine in Singapore, where demand for currency trading among institutional players is on the rise.

Retail FX

CySEC extends the suspension of Depaho license until November 19

The Cyprus Securities and Exchange Commission (CySEC) has decided to extend further the suspension of the license of the Cyprus investment company Depaho Ltd, which operates the retail FX brands GTCM, FXGM and TRADEAPP.

Retail FX introduces QuantX, a tool to build automated portfolio

Multi-licensed broker has rolled out a new portfolio platform, QuantX, which uses a client’s risk tolerance assessment and other criteria to create fully customized investment portfolios.

Digital Assets

Ripple scores major win: Judge orders SEC to explain…a lot

The SEC is ordered to explain, among other things, how the Howie test applies to XRP, what is the status of Ether and Bitcoin, and the sale of XRP as investment contracts.

Retail FX

Trade CFDs on 900+ of the Biggest Companies this Earnings Season with HotForex

Traders with the internationally acclaimed multi-asset broker HotForex can trade CFDs on the stocks of over 900 companies during Earnings Season with tight spreads, flexible leverage, negative balance protection and the many other advantages that have made it an honest, open and transparent broker of choice to over 2.5 million traders around the world.  

Digital Assets

Polygon (MATIC) double spend bug yields $2 million bounty for developer

Polygon, the Layer 2 solution on top of Ethereum, has recently paid out the highest ever bug bounty in history to a whitehat developer Gerhard Wagner for pointing out a double-spend bug in the network which could have resulted in huge losses if it had been exploited.

Digital Assets

KuCoin aims to become largest social trading platform in crypto

KuCoin was founded in September 2017 and it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries.

Digital Assets

Apifiny’s crypto trading network adds Instant Transfers for best bid and offer

Instant transfers significantly enhance Apifiny Connect, allowing traders to more efficiently buy and sell on 25 connected markets across six continents.