IB Communique: Our new enhancements are as follows,
Options Volatility Trading
We recently added the ability to trade options based on volatility using the new volatility order type.
New & Enhanced Order Types
Our VWAP order has been enhanced to allow the entering of VWAP orders at any time during a trading day and to have the VWAP price computed from the time of cut-off (one minute after entry) to the end of the trading day. As an alternative, we will also allow the input of a starting cut-off time for the VWAP.* VWAP orders are computed by Bloomberg, displayed after market close, and are guaranteed to be executed.
We enabled Iceberg and Hidden orders for options, which provide the ability to hide some or all of your order size from the option exchanges.
In addition, we have added a trailing stop limit order which submits a limit order when the stop is hit, along with the ability to make a one-time adjustment to stop, stop limit, trailing stop, and trailing stop limit orders.
Combination Order Price Improvement
Interactive Brokers is the leader in best price execution for combination orders. We independently route your stock, option, and futures combination order legs or combination of legs (native spread orders) to the best priced venue. Now our smart routing software will provide for price improvement on combinations in pennies. In addition, we continue to guarantee against the risk of partially executed legs.
SpreadTrader for Futures
In addition to our ComboTrader which allows customers to assemble multiple instrument type legs, we have added SpreadTrader, which allows you to easily enter futures calendar spread trades. All prices are assembled in a matrix configuration and displayed in terms of spreads.
Inquiry/Trouble Ticket for Faster Resolution of Issues
We are pleased to announce the launch of our new Inquiry/Trouble Ticket system to assist you in receiving more timely responses to your issues. For example, Display of the status of the inquiry (not yet assigned, assigned to Customer Service Representative (CSR) XXX, escalated, closed); Follow up questions go back to the original CSR, which avoids the problem of email going to multiple CSRs who might not be thoroughly up-to-date with the problem and etc.
New Products
During the last two months, CME floor traded products, CBOT floor traded products and Swedish stocks were added. During the next two weeks we will be adding Japanese stocks. In addition, ECBOT added options on gold futures, and a new large Dow Jones futures contract with a multiplier of $25.
Canadian Stock Price CAD $.01 Per Share
In our continuing effort to lead the industry in deep discount commissions, Canadian stock commissions have been lowered to CAD $.01 per share flat.
Daily Options Commentary
As most professional traders know, options market prices have built-in information which is not only useful to traders in the options marketplace, but also to traders in the stock and futures markets. Each hour starting at 12:00 until 16:00 ET, we post the top twenty symbols for implied volatilities, volatility gainers, volumes leaders, volumes gainers, volatility losers, implied/historical volatility, put/call ratios, and call/put ratios, along with written commentary from our trading desks. As an IB customer, you also have the benefit of seeing these indicators and others in real-time, using our TWS Market Scanner window.
Account Management
A reminder that Account Management is the place to view statements, fund your account, get Customer Service help, and change your account information.
Canadian EFT for USD
In addition to Canadian dollar transfers, Electronic Funds Transfers (EFT) in Canada are now available for US dollar transfers.
Combination Orders Now Available in the IB PaperTrader
The IB PaperTrader, our simulated trading environment, now includes the ability to enter and execute combination orders