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

Industry News

Freedom Holding Corp. contributes to UN global goals in Central Asia

Climate change, hunger, poverty, lack of education and clean water are the most pressing issues facing humankind today. These challenges cannot be addressed by any single nation or state, and require a global response.


BlockDAG Transforms Crypto Mining with X1 Beta App Launch, Raises $49.2M in Presale; SEI & BONK Developments

Uncover BlockDAG’s X1 app beta launch, reshaping mobile mining and propelling its presale to $49.2M, eclipsing BONK and SEI.

Digital Assets

Joe Biden’s campaign explores crypto donations via Coinbase

U.S. President Joe Biden’s campaign is in discussions with cryptocurrency industry players about accepting crypto donations through Coinbase Commerce, sources familiar with the matter told The Block.


VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players

The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players.

Digital Assets

Terraform and Do Kwon fined $4.5 billion to settle with SEC

Terraform Labs and its co-founder Do Kwon have reached a final settlement with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Wednesday.

Retail FX

Dukascopy broadens CFD offering with Italian stocks

Switzerland’s forex bank and broker, Dukascopy has just expanded its offering to include Italian stocks and the Italy 40 Index. The new additions allow clients to access a broader range of investment opportunities in the Italian market.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Monetary Policy, US Inflation,Eurozone June 12 ,2024

The Fed meets today to decide on interest rates. A dovish shift (keeping rates steady or hinting at cuts) is expected, weakening the US dollar and potentially boosting gold prices.


BlockDAG Leads CoinSniper Ranking as Presale Surges to $49.2M While Cardano Shows Resilience & ApeCoin Surges

Explore BlockDAG’s #1 ranking on CoinSniper listing as presale booms to $49.2M. More on ADA’s resilience & ApeCoin’s surge.