We have recently added a new set of Portfolio Analysis fields that can be added to the P&L tab of the IB Risk Navigator. Fields include Mark-to-Market, Realized P&L and Unrealized P&L. To add fields, from the Risk Navigator Report menu select Designer. In the left pane, ensure that P&L>P&L Summary is selected. In the right pane from the Available Columns list, open the Portfolio Analysis category and double-click a field to add it to the P&L Summary.
Available new fields include:
Within TWS and Mosaic, we use the last trading day and not the actual expiration date for futures, options and futures options contracts. To be more accurate, all fields and selectors throughout TWS that were labeled Expiry or Expiration have been changed to Last Trading Day. Note that the last trading day and the expiration date may be the same or different dates.
In many places, such as the OptionTrader, Probability Lab and other options/futures tools, this is a simple case of changing the name of a field to Last Trading Day. In other cases the change is wider-reaching. For example, basket files that include derivatives were previously saved using the Expiry header. When you try to import these legacy .csv files, you will now receive a message requiring that you change this column title to LastTradingDayorContractMonth before the import will be accepted. New basket files that include derivatives will use this correct header. Additionally, this new field serves two functions. If you use the format YYYYMMDD, we understand you are identifying the last trading day for a contract. If you use the format YYYYMM, we understand you are identifying the contract month.
In places where these terms are used to indicate a concept, we have left them as Expiry or Expiration. For example in the Option Chain settings where we allow you to "Load the nearest N expiries" we have left the word expiries. Additionally, the Contract Description window will show both the Last Trading Date and the Expiration Date. Also in cases where it's appropriate, we have replaced Expiry or Expiration with Contract Month.
We continue to add indicators to our interactive charts. So far this release includes:
We have added four new Pegged to Volatility orders for options. Instead of pegging the order price to a price, it pegs to the implied volatility.
Pegged to Primary (PEGPRIMVOL) - The pegged-to primary volatility order pegs the starting price for the order to the same side price.
Offset: Positive or no offset allowed.
Offset Action: Positive offset makes the order more aggressive. For a buy order the offset will be added to the bid and for a sell the offset will be subtracted from the ask.
Pegged to Midpoint (PEGMIDVOL) - The pegged-to-midpoint volatility order pegs the starting price for the order to the midpoint of the bid/ask implied vol for both buy and sell orders.
Offset: Positive, negative and no offset allowed.
Pegged to Market (PEGMKTVOL) - The pegged-to-market volatility order pegs the starting price for the order to the opposite side price.
Offset: Positive offset is required.
Offset Action: The offset makes the order less aggressive. For a buy order the offset will be subtracted from the ask. For a sell order the offset will be added to the bid.
Pegged to Surface (PEGSURFVOL) - The pegged-to-surface volatility order pegs the starting price for the order to the model implied volatility as calculated by our Model Navigator.
Offset: Positive, negative and zero offset allowed.
We have added four new IB Algos for US stocks. IB Algos are accessible from an order line by selecting IBALGO from the Destination field.
The first three of these IB Algos, Time-, Price-, and Size Variant Percentage of Volume Strategy, allow you to participate via volume at a user-defined rate that varies with time, remaining order size or price.
View the real-time and historical term structure of futures prices with the new Futures Term Structure window. Replacing the web-based tool, this window displays a split chart that shows the real-time and historical settlement prices of the existing futures contracts for the given underlying (top chart) and the differences between the older settlement price curves and the most recent selected curve (bottom chart).
To open the tool, use the New Window drop down and select More Advanced Tools and then select Futures Term Structure. Enter the underlying in the top left entry field. Alternatively, select a futures contract and use the right-click menu to select Charts and then Term Structure.
By default yellow color gradient is used for different series. To modify the colors, click the configuration wrench icon in the top right corner of the window and select Rainbow to use different colors for each line or select a new color to use with a gradient.
The TWS Portfolio and Account Windows now display spread/combination complex positions in a single line as a unique entry, identified by the named strategy when applicable. Click the â€œ+â€ next to the spread to show individual legs.
Some notes on complex position display:
To turn off the complex order display (and show only individual legs), from Global Configuration select Display>Ticker Row and then select Hide complex positions. To re-enable this display, select Group legs into complex positions.
The Order Confirmation dialog box for municipal bond orders has been enhanced with the following features:
We have recently added several new fields available throughout TWS and categorized under Fundamentals - Independent Ratings that allow you to view individual ratings issued by various research providers. Only providers to which you subscribe will be available. Additionally, these new ranking will be available in the Portfolio Builder "Rank the stocks in the Universe by..." list.
To add these columns to a page, hold your mouse over an existing market data field and select Insert Column. From the column list open Fundamentals - Independent Ratings and select the column to add.
Five new columns have been added to the TWS in the High/Low/Volume/History category. Add columns by holding your mouse over an existing market data field until the "Insert Column" feature appears. Click "Insert Column" and expand the desired category. Click to add columns.
All values are adjusted for corporate actions. Once the field is included on a page, hold your mouse over a price to see the actual date of the data.
Clients who use two-factor authentication and who upgrade to the Smart phone Digital Security App (sDSA) have the option of receiving their challenge code via text when they log into TWS, and simply clicking the challenge code to have the App automatically issue the response. This feature significantly reduces time needed to log in with extra security.
To use this streamlined feature, first activate the sDSA through account management.* Once activated, when you enter your username and password into TWS (desktop version only at this point) you will receive a note indicating that an SMS message was sent to your phone. Open your phone and click the link provided in the SMS message. This opens your sDSA App on your phone. Enter the four-digit PIN you created when you activated the App, and the sDSA automatically responds to the challenge, and your login process is complete.
In cases where the SMS message cannot be received, you can use the sDSA manually the same way you previously used your security card. When you enter your username and password in TWS, open the sDSA and enter the challenge code. sDSA returns a response that you enter in the TWS response window.
*Please note that once you activate the sDSA your security card can no longer be used. Only one security device at a time can be active.
Two new columns have been added to the Time & Sales settings page. Check to display. New columns include Exchange and Condition. To view the Time & Sales, window, select it from the New Window drop down in the top left corner of the Mosaic. To access the Time & Sales settings page, from the Time & Sales title bar click the wrench icon and select Settings. Check Exchange and Condition.
In addition to grouping your Portfolio display by Security Type, Industry, Underlying, Expiry + Option Right, Expiry or None, you can now also group by Security Type + Side. To set display grouping, from the Mosaic Portfolio page in the Monitor panel right-click the Portfolio column and select the grouping.
Currently IB customers are notified of important new bulletins via a blinking red icon on the TWS interface. It's up to the customer to notice and open the bulletin. To ensure that critical trading information is not missed, we have modified this functionality to simply display the bulletin in a pop-up box on the interface.
Users with two-factor authentication now have the option to log into TWS using only their username/password credentials to view data and account information in read-only mode. To view TWS as read-only, instead of entering a challenge code, click the Read-Only Login button that displays on the challenge code window. To submit or manage orders, you will be required to complete the two-factor authentication login process.