Interactive Brokers’ TWS platform now provides Manual Order Time for OATs reporting

Maria Nikolova

TWS now provides a Manual Order Time field for advisors and brokers to use when manually entering, modifying or canceling orders at the direction of a client.

Online trading major Interactive Brokers continues to beef up the capabilities of its TWS platform. The latest enhancements introduced in the newest beta version of the platform concern OATs Reporting.

For accounts requiring Order Audit Trail System (OATS) reporting to remain in compliance with FINRA Rule 7440, a record of the order time (in hours, minutes and seconds) must be made for “manual” orders. An order is considered manual if instructions to submit, revise, or cancel the order are received from a client in any way, for example over the phone, in writing or by another medium.

TWS now provides a Manual Order Time (MOT) field (or Manual Order Cancel Time for canceled orders) for advisors and brokers to use when manually entering, modifying or canceling orders at the direction of a client. Single orders display the default manual order time as now. Orders allocated to All accounts or a subset of accounts via an account group or profile display a blank MOT field.

To use the Manual Order Time field in Classic TWS, open the Misc tab of the Order Ticket. For orders entered using Mosaic Order Entry, click Advanced to display the Advanced order entry panel.

The latest TWS version offers a raft of other enhancements too. An Allocation Order Tool is made available for FAs, Money Managers, Allocating IBrokers. It makes managing Allocation Profiles more efficient. This interface combines TWS allocation elements into a single tool that makes it easy to create order allocations to:

  • Reduce or exit an existing position;
  • Increase or open a new position;
  • “Rotate” positions (close some and open others almost simultaneously).

To open the Allocation Order Tool, from a market data line or order line (for an un-transmitted order), use the right-click menu to select Allocation Order Tool. Alternatively, from the Allocation drop-down field in any tool, select Allocation Order Tool.

Read this next

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

<