Interactive Brokers’ TWS platform to choose native over simulated Stop and Stop Limit Orders

Maria Nikolova

For attached orders that offer both the Stop and Stop Limit order types, if traders choose an order type that is simulated, and the routing exchange offers the other natively, TWS will use the order type that is native.

Electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) continues to update its proprietary trading platform TWS, with the latest (beta) version of the platform showing clear preference of native stop and stop limit orders.

For attached orders that offer both the Stop and Stop Limit order types, if traders choose an order type that is simulated, and the routing exchange offers the other natively, TWS will use the order type that is native. For instance, if a trader creates a futures stop order, but the exchange offers native stop limit orders and Interactive Brokers simulate the stop, the system will choose to use the native stop limit order.

In cases where TWS will choose the native over the simulated order type, the platform will provide notice in both the label, e.g. Stop (prefer Native) and in the pop-up help.

Other improvements to the latest version of the TWS platform include the addition of TipRanks fundamental analysis for US stocks. TipRanks aims to bring the general public accurate and accountable financial advice, provided by analysts, hedge fund managers, financial bloggers, and corporate insiders. The technology uses Natural Language Processing (NLP) algorithms to aggregate and analyze financial data online. TipRanks data are available on TWS through new tabs in the Analyst Ratings (Summary) and Analyst Ratings (Details) windows.

The TWS platform has also seen improvement to the capabilities of natural language solution IBot. IBot is getting better in offering “Next Step” actions to traders. Traders are set to notice that the “Next Step” actions they are offered after a command become more and more useful to them. This is because IBot is now keeping track of the most popular “Next Step” actions, and as it learns it will offer these to traders at the top of the list to make their trading experience more efficient.

The bot is also learning the phrasing style of a particular trader. In cases where there is more than one interpretation of one’s command, IBot will ask the trader to choose among a number of options. The selection will be remembered, and will be used to improve IBot’s comprehension.

  • Read this next

    Fintech

    Nubank makes impressive turnaround, posting $1 billion profit in 2023

    Brazil’s Nubank has made a remarkable turnaround, swinging from a net loss in 2022 to a $1 billion net profit in 2023. The digital bank’s revenues have soared past $8 billion, marking a major milestone in its financial performance.

    Retail FX

    Spanish watchdog warns of UP MARKETS, BITBINX

    The Comision Nacional del Mercado de Valores (CNMV), the financial regulatory body of Spain, announced in a statement that it has added to its warning list new website that are illegally offering financial services to Spanish citizens.

    Digital Assets

    MicroStrategy buys 3,000 more bitcoins, suffers phishing attack

    MicroStrategy, the largest corporate investor in bitcoin, has expanded its cryptocurrency portfolio by buying an additional 3,000 bitcoins for $155 million.

    Crypto Insider

    Saudi Launches World’s First Cultural Metaverse

    The Saudi Ministry of Culture, droppGroup, and Oracle have joined forces to launch the Cultural Universe, the world’s first government-operated national Metaverse initiative.

    Retail FX

    eToro revives IPO plans after failed $10B SPAC merger

    Israeli social trading network eToro is actively exploring options for a public market listing, according to CEO Yoni Assia in an exclusive interview with CNBC.

    Digital Assets

    Meme Coin Communities Gear Up for the CoinMarketCap Crypto Awards

    CoinMarketCap’s Crypto Awards 2024, the first edition of a new annual event, is captivating the global crypto community. This is especially true for the Meme Coin Of The Year category, where voting has become a battleground for the most passionate and vibrant communities in the crypto space.

    Digital Assets

    Sui Recognized as 2024 Blockchain Solution of the Year at AIBC Eurasia Awards

    The Layer-1 Received the Top Honor at the Eurasia Awards While Experiencing a Period of Unprecedented Growth and Recognition

    Crypto Insider

    Vitalik Buterin, Sandeep Nailwal Lead Decentralized AGI Summit, Address Centralized AI Risks at ETHDenver

    Sentient and Symbolic Capital’s Decentralized AGI Summit will feature leading Decentralized AI authorities like Vitalik Buterin and Sandeep Nailwal.

    Digital Assets

    Aethir Unveils Its First Decentralized AI Node Sale

    Aethir, a leader in decentralized GPU cloud infrastructure, has announced its highly anticipated Node Sale.

    <