TWS Release Notes

MiFIR Transaction Reporting

TWS and the API now support MiFIR reporting. In TWS:

• Define a default decision-maker and execution trader for both TWS and the API in Global Configuration;
• Specify decision-maker on a per-order basis in Mosaic Order Entry, and Classic order line and order ticket.

Set Defaults in Global Configuration

You can define default TWS and API decision-maker and execution trader values in Global Configuration for MiFIR reporting. To access these settings, in TWS Global Configuration go to Orders and then select MiFIR. Define the following default values:

TWS Defaults

• Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via TWS.
• Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via TWS.
• Decision Maker: - Select a decision maker to use as the default. Choices are those that were defined in Account Management.
• I will provide Decision Maker - No default decision-maker will be named; you must define a decision maker on a per-order basis.

API Defaults

• Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via the API.
• Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via the API.
• Decision Maker: - Select a default decision maker to use as the default. Choices are those that were defined in Account Management.
• Decision Algo: - Select a default decision algo to use as the default. Choices are those that were defined in Account Management.
• I will provide Decision Maker or Algo - No default decision-maker or decision-algo will be used by default; you must define one on a per-order basis.

Execution Defaults

• Execution Algo - Select a default executing algo to use as the default. Choices are those that were defined in Account Management.
• Execution Trader: Select a default executing trader to use as the default. Choices are those that were defined in Account Management.
• Execution Trader is myself, or I will provide on each order - No execution trader or algo will be used by default; you must define one on a per-order basis.

TWS Per-Order Decision-Maker Selection

You can specify a decision-maker or change the default on a per-order basis from the Mosaic Order Entry panel, the Classic order line, or the Order Ticket.

From Mosaic Order Entry, use the advanced panel to display the decision-maker drop-down. If you defined a default selection in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

From the Classic TWS order line, use the Decision-Maker field drop-down to make a selection. If you defined a default decision-maker in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

From the TWS Order Ticket, select or change the decision-maker from the Investment Decision section of the window. If you defined a default decision-maker in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

For more information about MiFID, see the Overview of MiFIR Transaction Reporting page.

IBot Efficiently Handles Bond Queries

IBot can now understand and process most common government and municipal bond queries. Ask IBot to buy, chart, view and quote bond contracts, by ISIN, CUSIP for all bonds (US government, foreign government, municipal and corporate) or by contract name for all US government bonds. Enter requests in normal language, such as “buy 3-month t-bill,” “chart US-T Bill Jan25'18 for 1 week with hourly bars", “show ten year treasury bond”, “buy 043771ES9 bond” and “show 30y treasury bond.”

To use IBot, from the New Window drop down in Mosaic select “IBot – type to trade.” Enter commands in the text entry field and hit Enter to submit.

To find out more about IBot, see the IBot feature page.

IBot Takes Its Next Steps!

As we continue to enhance IBot's power for your benefit, you will start to notice that the "Next Step" actions you are offered after a command become more and more useful to you. IBot is keeping track of the most popular "next step" actions, and as it learns it will offer these to you at the top of the list to make your trading experience even more efficient.

For example, if you ask to see the price of AAPL, the current next steps might be Show Chart, Buy, Sell, Tell me more. After collecting data of most popular next steps following a price inquiry, the next steps might change to be Buy, Show Chart, Show Analyst Rating, Tell me more.

TipRanks Analyst Rankings in TWS Fundamentals

We now offer Tip Ranks fundamental analysis for U.S. stocks, available through new tabs in the Analyst Ratings (Summary) and Analyst Ratings (Details) windows. To access these features, right-click a U.S. stock and select Analytical Tools and then Company Fundamentals. In the Fundamentals blade next to the stock symbol, use the drop down list to select the Analyst Ratings (Summary) or Analyst Ratings (Details) window.

The Summary page now shows two tabs: Summary is the original view, and Coverage is the new Tip Ranks view. See the Analyst Consensus and its breakdown, the Analyst Price Target, and a list of analysts.

The Details page also shows two tabs: the original view in the Details tab, and Tip Ranks data in the Price Targets & News tab. See the Analyst Price Target along with New Sentiment Score, which shows the ratio of Bullish to Bearish news in the past week. Select a new headline to view the full article.

3D Volatility Surface Webtool

You can now view Implied Volatility in 3D using the 3D Volatility Surface webtool accessible from within the Implied Volatility Viewer. Simply click the "3D" button to study the model volatility surface of contracts in 3D! Display the model surface together with individual option IV points, or compare the current surface with any historical value by plotting them together. Click and drag the plot to rotate the view, and scroll within the plot to zoom. Expand the "Extra plot controls" to show contour and value lines and manipulate scaling using sliders.

More enhancements to the IB Risk Navigator include:

• The ability to open the Implied Volatility Viewer using the right-click "Charts" menu from any instrument line, and from with Risk Navigator using the right-click menu from any instrument.
• Two new columns, "Adjusted Vega" and "Custom Adjusted Vega" which can be added from the Metrics > Position Risk menu. The Adjusted Vega multiplies the Vega by an in-house term structure function. The custom adjusted vega (Vega x T^-1/2) multiplies the Vega by the inverse square root of the number of calendar days to expiry.
• For single account users, you can now enable "Group legs into complex positions" from the Settings menu to view named strategies in reports.
• What-ifs: You can now add borrowing power and Debit card spending limit estimations to the dashboard view from the View menu, and you can remove unresolved positions from the right-click context menu of the Not Included list.