Interactive Brokers’ TWS platform improves work with orders


Interactive Brokers Group, Inc. (NASDAQ:IBKR), a major US online trading services provider, keeps beefing up the capabilities of its multi-asset trading platform Trader Workstation (TWS).

The set of enhancements coming along with the newest build of the platform includes ones that aim to markedly improve working with various order types.

  • Preopen Only Time in Force

A new time in force for US stocks has been added that will allow the stock order to be tagged as “Preopen Only.” When chosen, the order will fill during the pre-open session, or be cancelled.

This enhancement will substantially simplify shares trading, especially during the earnings season.

  • Keep Triggered Orders Active

For orders that use a trigger and are enabled to work over multiple days, a new checkbox, Trigger Once, allows traders to tag the order to remain triggered until filled or cancelled. One should leave the box unchecked to deactivate unfilled orders at the end of the day and allow them to trigger the following day if/when trigger conditions are met.

This field is found in the Order Presets, and on the Basic tab of the order ticket.

Earlier this month, LeapRate has informed you of another major improvement that concerned Forex trading in TWS, as Interactive Brokers is empowering traders to trade Forex with 1/10 pip precision. This comes on top of other enhancements introduced in the latest TWS build, including a feature for investing with Portfolio Builder, as well as the ability to configure FYI notifications directly from within IB TWS.

To view the latest release notes about Interactive Brokers’ TWS, click here.

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Interactive Brokers' TWS platform improves work with orders

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