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.

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