Documentation: Hôtes et ports IB

Background: 

TWS se connecte à nos serveurs via les ports 4000 et 4001 si vous utilisez SSL. La plateforme de trading ne fonctionnera sur aucun autre port. Veuillez tenir compte du fait que si vous utilisez un serveur proxy, il devra être transparent. Les ports d'entrée et de sortie doivent être ouverts pour que TWS puisse fonctionner.

Vous trouverez ci-dessous une liste de toutes les passerelles ainsi que les adresses IP correspondantes qui peuvent être utilisées par TWS lorsque vous faites usage de nos services. Vous devez permettre l'accès à ces ports.

La façon la plus simple de tester si votre connexion requiert une configuration particulière ou si elle a bien été configurée, est d'utiliser la Page IB consacrée aux tests, qui fournira un test dynamique de votre connexion réseau par rapport à nos serveurs de trading et de données de marché principaux. Si vous avez confirmation que l'opération est réussie: "Success", aucune autre action ne sera requise. Si en revanche l'opération échoue: "Failure", nous recommandons l'ajout d'une exception à votre configuration réseau pour les nouveaux hôtes ou nous vous conseillons de revoir vos modifications.

Remarque: si votre réseau utilise un proxy serveur, la page de test peut produire des faux positifs. Dans ce cas, où dans le cas où vous n'êtes pas certain de la configuration du réseau, consultez votre administrateur de réseau qui peut effectuer des tests ping et telnet des hôtes mentionnés ci-dessous pour confirmer la conformité avec les conditions de connectivité.

Spécifications:

GESTION DE COMPTE ET SITE INTERNET

RÉGION/PRODUIT

SERVEUR (HÔTE)

PORTS1

SITE INTERNET IB – AMÉRIQUE

www.interactivebrokers.com

80 / 443

SITE INTERNET IB – CANADA

www.interactivebrokers.ca

80 / 443

SITE INTERNET IB – ROYAUME UNI

www.interactivebrokers.co.uk

80 / 443

SITE INTERNET IB – INDE

www.interactivebrokers.co.in

80 / 443

SITE INTERNET IB – JAPON

www.interactivebrokers.com.hk

80 / 443

GESTION COMPTE – EST

gdcdyn.interactivebrokers.com

443

GESTION COMPTE – CENTRAL

cdcdyn.interactivebrokers.com

443

1: Standard Communication: TCP Port 80 | SSL Communication: TCP Port 443

 

TWS SUR BUREAU

RÉGION/OUTIL

PRINCIPAL/SECONDAIRE

SERVEUR (HÔTE)

PORTS2


TWS AMERIQUE – EST

PRINCIPAL

gdc1.ibllc.com


4000 / 4001

SAUVEGARDE

gdc1_hb1.ibllc.com


TWS AMERIQUE – CENTRAL

PRINCIPAL

cdc1.ibllc.com


4000 / 4001

SAUVEGARDE

cdc1_hb1.ibllc.com


TWS EUROPE

PRINCIPAL

zdc1.ibllc.com


4000 / 4001

SAUVEGARDE

zdc1_hb1.ibllc.com

TWS ASIE

PRINCIPAL

hdc1.ibllc.com

4000 / 4001

SAUVEGARDE

hdc1_hb1.ibllc.com

TWS - Mise à jour auto.

PRINCIPAL

download.interactivebrokers.com

80 / 443

download2.interactivebrokers.com

RISK NAVIGATOR

PRINCIPAL

risk.interactivebrokers.com

80 / 443

PARAMÈTRES TWS CLOUD

PRINCIPAL

s3.amazonaws.com

443

IB CAM

PRINCIPAL

gdc1.ibllc.com

4000 / 4001

RAPPORTS DIAGNOSTIQUES

PRINCIPAL

https://wit1.interactivebrokers.com

443

 2: Standard Communication: TCP Port 4000 | SSL Communication: TCP Port 4001/443

 

 

 

Documentazione relativa agli host e alle porte IB

Background: 

TWS si connette ai nostri server tramite le porte 4000 e 4001, se è in uso il protocollo SSL. La piattaforma di trading non funziona con nessun'altra porta. Si prega di considerare che, se si usa un server proxy, questo deve essere trasparente. Per un funzionamento ottimale di TWS, sia la porta in ingresso sia quella in uscita devono essere aperte.

Di seguito sono elencati tutti i nostri gateway, insieme agli indirizzi IP corrispondenti, eventualmente utilizzati da TWS quando si fa uso dei nostri servizi. Si prega di consentire l'accesso a tali host.

Il metodo più semplice per verificare se la propria connessione necessita di una configurazione particolare, o è stata configurata correttamente, è quello di consultare la pagina di IB dedicata alla verifica, che fornisce un test dinamico della propria connessione di rete a fronte dei nostri server dei dati di mercato e trading. Se l'esito ricevuto è "Success" ("operazione riuscita"), non sarà necessario fare null'altro. Se l'esito è "Failure" ("operazione non riuscita"), suggeriamo di aggiungere un'eccezione alla propria configurazione di rete per i nuovi host oppure controllare le proprie modifiche.

Nota: se la propria rete impiega le impostazioni proxy del browser, la pagina di verifica potrebbe produrre falsi positivi. In tal caso, oppure, se non si è certi della configurazione della propria rete, è necessario rivolgersi agli amministratori di rete, i quali hanno la possibilità di effettuare le verifiche ping e telnet degli host indicati di seguito per confermare la conformità ai requisiti di connettività.

Specifiche:

GESTIONE CONTO E SITO WEB

AREA/PRODOTTO

SERVER (HOST)

PORTE1

SITO WEB IB - AMERICA

www.interactivebrokers.com

80 / 443

SITO WEB IB - Canada

www.interactivebrokers.ca

80 / 443

SITO WEB IB - REGNO UNITO

www.interactivebrokers.co.uk

80 / 443

SITO WEB IB - INDIA

www.interactivebrokers.co.in

80 / 443

SITO WEB IB - GIAPPONE

www.interactivebrokers.com.hk

80 / 443

GESTIONE CONTO - EST

gdcdyn.interactivebrokers.com

443

GESTIONE CONTO - CENTRALE

cdcdyn.interactivebrokers.com

443

1: Comunicazione standard: Porta TCP 80 | Comunicazione SSL: Porta TCP 443

 

TWS PER DESKTOP

AREA/STRUMENTO

PRINCIPALE/BACKUP

SERVER (HOST)

PORTE2


TWS AMERICA - EST

PRINCIPALE

gdc1.ibllc.com


4000 / 4001

BACKUP

gdc1_hb1.ibllc.com


TWS AMERICA - CENTRALE

PRINCIPALE

cdc1.ibllc.com


4000 / 4001

BACKUP

cdc1_hb1.ibllc.com


TWS EUROPA

PRINCIPALE

zdc1.ibllc.com


4000 / 4001

BACKUP

zdc1_hb1.ibllc.com

TWS ASIA

PRINCIPALE

hdc1.ibllc.com

4000 / 4001

BACKUP

hdc1_hb1.ibllc.com

AUTOAGGIORNAMENTO DI TWS

PRINCIPALE

download.interactivebrokers.com

80 / 443

download2.interactivebrokers.com

RISK NAVIGATOR

PRINCIPALE

risk.interactivebrokers.com

80 / 443

IMPOSTAZIONI CLOUD DI TWS

PRINCIPALE

s3.amazonaws.com

443

IB CAM

PRINCIPALE

gdc1.ibllc.com

4000 / 4001

RAPPORTI DIAGNOSTICA

PRINCIPALE

https://wit1.interactivebrokers.com

443

 2: Comunicazione standard: Porta TCP 4000 | Comunicazione SSL: Porta TCP 4001/443

 

 

 

Dokumentation zu IB Hosts und Ports

Background: 

Die TWS verbindet sich, wenn SSL verwendet wird, über die Ports 4000 und 4001 mit unseren Servern. Über andere Ports funktioniert die Trading-Plattform nicht. Falls Sie einen Proxy-Server verwenden, bedenken Sie bitte, dass dieser transparent sein muss. Sowohl eingehende als auch ausgehende Ports müssen offen sein, damit die TWS reibungslos funktionieren kann.

Nachstehend sind alle Gateways sowie die zugehörigen IP-Adressen aufgeführt, die unter Umständen von der TWS verwendet werden, wenn Sie unsere Services nutzen. Bitte ermöglichen Sie den Zugang zu diesen Hosts.

Ob Ihre Verbindung eine besondere Einrichtung erfordert bzw. korrekt konfiguriert wurde, können Sie am einfachsten herausfinden, indem Sie die dedizierte Testseite von IB verwenden, die einen dynamischen Test Ihrer Netzwerkverbindung zu unseren wichtigsten Trading- und Marktdatenservern ermöglicht. Falls Sie „Erfolg“ (success) als Rückmeldung erhalten, müssen Sie nichts weiter unternehmen. Falls die Rückmeldung „Fehlgeschlagen“ (failure) lautet, empfehlen wir, eine Ausnahme für die neuen Hosts zur Konfiguration Ihres Netzwerks hinzuzufügen oder Ihre Änderungen zu prüfen.

Hinweis: Falls Ihr Netzwerk einen Browser-Proxy verwendet, ist es möglich, dass die Testseite ein fälschlich positives Ergebnis ausgibt. In diesem Fall, oder wenn Sie nicht genau wissen, wie Ihre Netzwerkeinrichtung aussieht, sollten Sie sich an Ihren Netzwerkadministrator wenden. Dieser kann Ping- und Telnet-Tests zu den nachstehend aufgeführten Hosts durchführen, um die Konformität mit den Verbindungsanforderungen zu überprüfen.

Spezifikationen:

KONTOVERWALTUNG UND WEBSITE

REGION / PRODUKT

SERVER (HOST)

PORTS1

IB WEBSITE – AMERIKA

www.interactivebrokers.com

80 / 443

IB WEBSITE – KANADA

www.interactivebrokers.ca

80 / 443

IB WEBSITE – UK

www.interactivebrokers.co.uk

80 / 443

IB WEBSITE – INDIEN

www.interactivebrokers.co.in

80 / 443

IB WEBSITE – JAPAN

www.interactivebrokers.com.hk

80 / 443

KONTOVERWALTUNG – OST

gdcdyn.interactivebrokers.com

443

KONTOVERWALTUNG – ZENTRAL

cdcdyn.interactivebrokers.com

443

1: Standardkommunikation: TCP Port 80 | SSL-Kommunikation: TCP Port 443

 

DESKTOP-TWS

REGION / TOOL

PRIMÄR / BACKUP

SERVER (HOST)

PORTS2


TWS AMERIKA – OST

PRIMÄR

gdc1.ibllc.com


4000 / 4001

BACKUP

gdc1_hb1.ibllc.com


TWS AMERIKA – ZENTRAL

PRIMÄR

cdc1.ibllc.com


4000 / 4001

BACKUP

cdc1_hb1.ibllc.com


TWS EUROPA

PRIMÄR

zdc1.ibllc.com


4000 / 4001

BACKUP

zdc1_hb1.ibllc.com

TWS ASIEN

PRIMÄR

hdc1.ibllc.com

4000 / 4001

BACKUP

hdc1_hb1.ibllc.com

TWS AUTO-UPDATE

PRIMÄR

download.interactivebrokers.com

80 / 443

download2.interactivebrokers.com

RISK NAVIGATOR

PRIMÄR

risk.interactivebrokers.com

80 / 443

TWS CLOUD-EINSTELLUNGEN

PRIMÄR

s3.amazonaws.com

443

IB KAM

PRIMÄR

gdc1.ibllc.com

4000 / 4001

PROBLEMDIAGNOSE-BERICHTE

PRIMÄR

https://wit1.interactivebrokers.com

443

 2: Standardkommunikation: TCP Port 4000 | SSL-Kommunikation: TCP Port 4001/443

 

 

 

IB Host and Ports Documentation

Background: 

TWS connects to our servers via port 4000 and 4001, if using SSL. The trading platform will not function on any other port. Consider that if you are using a proxy server, it needs to be a transparent one. Both inbound and outbound ports need to be open for TWS to function properly.

Below are listed all the gateways, along with the corresponding destination host that might be used by the TWS when you use our services, please allow access to those hosts.

The easiest way to test whether your connection needs any special setup or has been configured properly is to use IB's Dedicated Test page, which will provide a dynamic test of your network’s connection against our main trading and market data servers. If a “Success” response is returned, there is nothing more for you to do. If the response is “Failure”, we recommend adding an exception for the new hosts to your network’s configuration or review your changes.

Note: If your network uses a browser proxy, the test page can produce false positives. In this case, or if you are not sure what your network setup is, turn to your network administrators, who can perform ping and telnet tests to the hosts listed below to confirm compliance with the connectivity requirements.

Specs:

ACCOUNT MANAGEMENT AND WEBSITE

REGION/PRODUCT

SERVER (HOST)

PORTS1

IB WEBSITE – AMERICA

www.interactivebrokers.com

80 / 443

IB WEBSITE – Canada

www.interactivebrokers.ca

80 / 443

IB WEBSITE – UK

www.interactivebrokers.co.uk

80 / 443

IB WEBSITE – INDIA2

www.interactivebrokers.co.in

80 / 443

IB WEBSITE – JAPAN2

www.interactivebrokers.co.jp

80 / 443

IB WEBSITE – HONG KONG2

www.interactivebrokers.com.hk 80 / 443

IB WEBSITE – CHINA2

www.ibkr.com.cn 80 / 443

IB WEBSITE - AUSTRALIA

www.interactivebrokers.com.au 80 / 443

ACCOUNT MGMT – EAST

gdcdyn.interactivebrokers.com

443

ACCOUNT MGMT – CENTRAL

cdcdyn.interactivebrokers.com

443

DISASTER RECOVERY SITE

www.ibgdr.com 80

1: Standard Communication: TCP Port 80 | SSL Communication: TCP Port 443.

2: This IB Server Hosts does not support ping request.

Important Note: If you are accessing the Account Management from a corporate network where the Internet access is provided through a load balancing equipment, you may receive error messages about expired/invalid session and/or missing web content upon or after the login phase.  The load balancer cycles your outbound connections over two or more network interfaces to equalize the network workload. As a consequence of this mechanism, your HTTP requests reach our systems from different IP addresses, invalidating your Account Management session.
In this scenario, as a solution, please ask your network administrator or IT group to configure your machine/device for bypassing the load balancer. This will allow your session to remain valid and alive.
 

 

DESKTOP TWS

REGION/TOOL

PRIMARY/BACKUP

SERVER (HOST)

PORTS3


TWS AMERICA – EAST

PRIMARY

gdc1.ibllc.com


4000 / 4001

BACKUP

gdc1_hb1.ibllc.com


TWS AMERICA – CENTRAL

PRIMARY

cdc1.ibllc.com


4000 / 4001

BACKUP

cdc1_hb1.ibllc.com


TWS EUROPE

PRIMARY

zdc1.ibllc.com


4000 / 4001

BACKUP

zdc1_hb1.ibllc.com

TWS ASIA

PRIMARY

hdc1.ibllc.com

4000 / 4001

BACKUP

hdc1_hb1.ibllc.com

TWS ASIA - CHINA4

PRIMARY

mcgw1.ibllc.com.cn

4000 / 4001

BACKUP

mcgw1_hb1.ibllc.com.cn
TWS AUTO-UPDATE PRIMARY

download.interactivebrokers.com

80 / 443

download2.interactivebrokers.com

RISK NAVIGATOR

PRIMARY

risk.interactivebrokers.com

80 / 443

TWS CLOUD SETTINGS

PRIMARY

s3.amazonaws.com

443

IB CAM

PRIMARY

gdc1.ibllc.com

4000 / 4001

DIAGNOSTICS REPORTS

PRIMARY

https://wit1.interactivebrokers.com

443

3: Standard Communication: TCP Port 4000/80 | SSL Communication: TCP Port 4001/443.

4: Gateway dedicated to clients with accounts assigned to the Hong Kong server, but are physically connecting from Mainland China.

 

 

 

How to check and solve connectivity issues affecting the Trader Workstation (TWS)

Background: 

The Trader Workstation (TWS) software needs to connect to our gateways and market data servers in order to work properly. Connectivity issues affecting your local network or your Internet Service Provider network may negatively affect the TWS functionality. In this article we will indicate how to test your connectivity using an automated connectivity test web page.

 

How to test the connectivity using the automated "IB Connectivity Test" web page?

1) Click on this link: http://www.interactivebrokers.com/cgi-bin/conn_test.pl 

2) Please wait until all the tests have been completed and results have been displayed. If you see "Success" as outcome for all tests, your connectivity to IB Servers is reliable at the present moment. No additional connectivity troubleshooting or configuration should be needed.

3) If you see "Fail" as outcome for one or more test/s, please click on the link "Fail" itself in order to display the "IB Network Troubleshooting Guide". That section will help you conduct some manual tests to identify the cause of the failure.

Note for Corporative environments and Proxy server users: the automated "Connectivity Test" page may return misleading results in case your machine is accessing the Internet through a Proxy server. This usually happens if you are connected to a company network. If this is your case, we kindly ask you to contact your Network Administrator or your IT Team and ask them to perform a manual connectivity tests towards the destination servers indicated in the table on the top of the IB automated "Connectivity Test" web page itself. The manual connectivity test should be conducted using destination TCP ports 4000 and 4001. Should they prefer to have the server list in another format or should they need to set up the firewall / IP Management rules, you can forward them this page.

 

Allocation of Partial Fills

Title:

How are executions allocated when an order receives a partial fill because an insufficient quantity is available to complete the allocation of shares/contracts to sub-accounts?

 

Overview:

From time-to-time, one may experience an allocation order which is partially executed and is canceled prior to being completed (i.e. market closes, contract expires, halts due to news, prices move in an unfavorable direction, etc.). In such cases, IB determines which customers (who were originally included in the order group and/or profile) will receive the executed shares/contracts. The methodology used by IB to impartially determine who receives the shares/contacts in the event of a partial fill is described in this article.

 

Background:

Before placing an order CTAs and FAs are given the ability to predetermine the method by which an execution is to be allocated amongst client accounts. They can do so by first creating a group (i.e. ratio/percentage) or profile (i.e. specific amount) wherein a distinct number of shares/contracts are specified per client account (i.e. pre-trade allocation). These amounts can be prearranged based on certain account values including the clients’ Net Liquidation Total, Available Equity, etc., or indicated prior to the order execution using Ratios, Percentages, etc. Each group and/or profile is generally created with the assumption that the order will be executed in full. However, as we will see, this is not always the case. Therefore, we are providing examples that describe and demonstrate the process used to allocate partial executions with pre-defined groups and/or profiles and how the allocations are determined.

Here is the list of allocation methods with brief descriptions about how they work.

·         AvailableEquity
Use sub account’ available equality value as ratio. 

·         NetLiq
Use subaccount’ net liquidation value as ratio

·         EqualQuantity
Same ratio for each account

·         PctChange1:Portion of the allocation logic is in Trader Workstation (the initial calculation of the desired quantities per account).

·         Profile

The ratio is prescribed by the user

·         Inline Profile

The ratio is prescribed by the user.

·         Model1:
Roughly speaking, we use each account NLV in the model as the desired ratio. It is possible to dynamically add (invest) or remove (divest) accounts to/from a model, which can change allocation of the existing orders.

 

 

 

Basic Examples:

Details:

CTA/FA has 3-clients with a predefined profile titled “XYZ commodities” for orders of 50 contracts which (upon execution) are allocated as follows:

Account (A) = 25 contracts

Account (B) = 15 contracts

Account (C) = 10 contracts

 

Example #1:

CTA/FA creates a DAY order to buy 50 Sept 2016 XYZ future contracts and specifies “XYZ commodities” as the predefined allocation profile. Upon transmission at 10 am (ET) the order begins to execute2but in very small portions and over a very long period of time. At 2 pm (ET) the order is canceled prior to being executed in full. As a result, only a portion of the order is filled (i.e., 7 of the 50 contracts are filled or 14%). For each account the system initially allocates by rounding fractional amounts down to whole numbers:

 

Account (A) = 14% of 25 = 3.5 rounded down to 3

Account (B) = 14% of 15 = 2.1 rounded down to 2

Account (C) = 14% of 10 = 1.4 rounded down to 1

 

To Summarize:

A: initially receives 3 contracts, which is 3/25 of desired (fill ratio = 0.12)

B: initially receives 2 contracts, which is 2/15 of desired (fill ratio = 0.134)

C: initially receives 1 contract, which is 1/10 of desired (fill ratio = 0.10)

 

The system then allocates the next (and final) contract to an account with the smallest ratio (i.e. Account C which currently has a ratio of 0.10).

A: final allocation of 3 contracts, which is 3/25 of desired (fill ratio = 0.12)

B: final allocation of 2 contracts, which is 2/15 of desired (fill ratio = 0.134)

C: final allocation of 2 contract, which is 2/10 of desired (fill ratio = 0.20)

The execution(s) received have now been allocated in full.

 

Example #2:

CTA/FA creates a DAY order to buy 50 Sept 2016 XYZ future contracts and specifies “XYZ commodities” as the predefined allocation profile. Upon transmission at 11 am (ET) the order begins to be filled3 but in very small portions and over a very long period of time. At 1 pm (ET) the order is canceled prior being executed in full. As a result, only a portion of the order is executed (i.e., 5 of the 50 contracts are filled or 10%).For each account, the system initially allocates by rounding fractional amounts down to whole numbers:

 

Account (A) = 10% of 25 = 2.5 rounded down to 2

Account (B) = 10% of 15 = 1.5 rounded down to 1

Account (C) = 10% of 10 = 1 (no rounding necessary)

 

To Summarize:

A: initially receives 2 contracts, which is 2/25 of desired (fill ratio = 0.08)

B: initially receives 1 contract, which is 1/15 of desired (fill ratio = 0.067)

C: initially receives 1 contract, which is 1/10 of desired (fill ratio = 0.10)

The system then allocates the next (and final) contract to an account with the smallest ratio (i.e. to Account B which currently has a ratio of 0.067).

A: final allocation of 2 contracts, which is 2/25 of desired (fill ratio = 0.08)

B: final allocation of 2 contracts, which is 2/15 of desired (fill ratio = 0.134)

C: final allocation of 1 contract, which is 1/10 of desired (fill ratio = 0.10)

 

The execution(s) received have now been allocated in full.

Example #3:

CTA/FA creates a DAY order to buy 50 Sept 2016 XYZ future contracts and specifies “XYZ commodities” as the predefined allocation profile. Upon transmission at 11 am (ET) the order begins to be executed2  but in very small portions and over a very long period of time. At 12 pm (ET) the order is canceled prior to being executed in full. As a result, only a portion of the order is filled (i.e., 3 of the 50 contracts are filled or 6%). Normally the system initially allocates by rounding fractional amounts down to whole numbers, however for a fill size of less than 4 shares/contracts, IB first allocates based on the following random allocation methodology.

 

In this case, since the fill size is 3, we skip the rounding fractional amounts down.

 

For the first share/contract, all A, B and C have the same initial fill ratio and fill quantity, so we randomly pick an account and allocate this share/contract. The system randomly chose account A for allocation of the first share/contract.

 

To Summarize3:

A: initially receives 1 contract, which is 1/25 of desired (fill ratio = 0.04)

B: initially receives 0 contracts, which is 0/15 of desired (fill ratio = 0.00)

C: initially receives 0 contracts, which is 0/10 of desired (fill ratio = 0.00)

 

Next, the system will perform a random allocation amongst the remaining accounts (in this case accounts B & C, each with an equal probability) to determine who will receive the next share/contract.

 

The system randomly chose account B for allocation of the second share/contract.

A: 1 contract, which is 1/25 of desired (fill ratio = 0.04)

B: 1 contract, which is 1/15 of desired (fill ratio = 0.067)

C: 0 contracts, which is 0/10 of desired (fill ratio = 0.00)

 

The system then allocates the final [3] share/contract to an account(s) with the smallest ratio (i.e. Account C which currently has a ratio of 0.00).

A: final allocation of 1 contract, which is 1/25 of desired (fill ratio = 0.04)

B: final allocation of 1 contract, which is 1/15 of desired (fill ratio = 0.067)

C: final allocation of 1 contract, which is 1/10 of desired (fill ratio = 0.10)

 

The execution(s) received have now been allocated in full.

 

Available allocation Flags

Besides the allocation methods above, user can choose the following flags, which also influence the allocation:

·         Strict per-account allocation.
For the initially submitted order if one or more subaccounts are rejected by the credit checking, we reject the whole order.

·         “Close positions first”1.This is the default handling mode for all orders which close a position (whether or not they are also opening position on the other side or not). The calculation are slightly different and ensure that we do not start opening position for one account if another account still has a position to close, except in few more complex cases.


Other factor affects allocations:

1)      Mutual Fund: the allocation has two steps. The first execution report is received before market open. We allocate based onMonetaryValue for buy order and MonetaryValueShares for sell order. Later, when second execution report which has the NetAssetValue comes, we do the final allocation based on first allocation report.

2)      Allocate in Lot Size: if a user chooses (thru account config) to prefer whole-lot allocations for stocks, the calculations are more complex and will be described in the next version of this document.

3)      Combo allocation1: we allocate combo trades as a unit, resulting in slightly different calculations.

4)      Long/short split1: applied to orders for stocks, warrants or structured products. When allocating long sell orders, we only allocate to accounts which have long position: resulting in calculations being more complex.

5)      For non-guaranteed smart combo: we do allocation by each leg instead of combo.

6)      In case of trade bust or correction1: the allocations are adjusted using more complex logic.

7)      Account exclusion1: Some subaccounts could be excluded from allocation for the following reasons, no trading permission, employee restriction, broker restriction, RejectIfOpening, prop account restrictions, dynamic size violation, MoneyMarketRules restriction for mutual fund. We do not allocate to excluded accountsand we cancel the order after other accounts are filled. In case of partial restriction (e.g. account is permitted to close but not to open, or account has enough excess liquidity only for a portion of the desired position).

 

 

Footnotes:

1.        Details of these calculations will be included in the next revision of this document.

2.        To continue observing margin in each account on a real-time basis, IB allocates each trade immediately (behind the scenes) however from the CTA and/or FA (or client’s) point of view, the final distribution of the execution at an average price typically occurs when the trade is executed in full, is canceled or at the end of day (whichever happens first).

3.       If no account has a ratio greater than 1.0 or multiple accounts are tied in the final step (i.e. ratio = 0.00), the first step is skipped and allocation of the first share/contract is decided via step two (i.e. random allocation).

 

SEC Tick Size Pilot Program FAQs

Tick Size Pilot ("TSP" or "Pilot") Program:

Under the TSP Program,  if IB receives any order in a Pilot Security that does not conform to the designated pricing increment (e.g., a limit price in a $0.01 increment for a security designated as trading $0.05 increments), IB will REJECT that order, subject to limited exceptions. IB strongly encourages a thorough review of your software or your vendor’s software to understand the criteria for what causes an order in a Pilot Security to be rejected to permit you or your vendor to make changes to correctly handle orders in Test Group Pilot Securities.
 

FREQUENTLY ASKED QUESTIONS:

Q: What is the Tick Size Pilot?
A: On May 6, 2015 the SEC approved an amended TSP NMS Plan. The Pilot will be two years in length. Data collection for the Pilot began on April 4, 2016, 6 months prior to the implementation of the trading and quoting rules for the Pilot. Implementation of the trading and quoting rules for the Pilot will begin on October 3, 2016.

The Pilot will be conducted using a Control Group and three Test Groups where variations in quoting and trading rules exist between each group. Please see the TSP NMS Plan for additional information.

 

Q: Will the Pilot quoting and trading rules apply during regular market hours, pre-market hours and post market hours?
A: The Pilot rules apply during all operational hours (pre-market, regular hours, and post market hours trading).

 

Q: Will the Pilot quoting and trading rules apply to odd-lot and mixed-lot sizes?
A: Yes, the Pilot rules to all order sizes.

 

Q: Will orders in Control Group Securities be accepted in price increments of less than $0.05?
A: Yes, orders submitted in price increments of less than $0.05 will continue to be accepted in Control Group securities.

 

Q: Will orders in a Test Group 1, 2 or 3 Pilot Securities be accepted in price increments of less than $0.05?
A: No, unless covered by an exception, orders submitted in price increments of less than $0.05 will be rejected.

 

Q: Which Pilot Security Orders in Test Groups will Interactive Brokers accept at other than $0.05 increments?
        Midpoint orders with no explicitly stated limit price or impermissible offsets will be accepted
        VWAP orders which do not have an explicitly stated limit price or impermissible offsets will be accepted.
        Interactive Brokers will accept Exchange operated Retail Price Improvement orders as follows:
                  Test Group 1 in $0.001 price increments
                  Test Groups 2 and 3 in $0.005 price increments.

 

Q: Will there be any changes to the Opening / Closing processes on Exchanges?
A: Please refer to each of the exchange rules for details but in general there will be no changes to the Opening / Closing process. All orders entered and eligible to participate in Exchange Opening / Closing Cross will be accepted in increments of $0.05. The Exchanges will begin publishing all quotes in increments of $0.05; however, Net Order Imbalance Indicator prices may be published in increments of $0.025.

 

Q: What will happen to my GTC order that was placed prior to October 3rd in a Pilot Stock that was priced in impermissible tick increments?
A: Interactive Brokers will adjust outstanding limit and stop GTC orders in Pilot stocks in Test Groups that are not in permissible tick increments (e.g., a buy limit order at $5.01 will be adjusted to $5.00 and a sell limit at $5.01 adjusted to $5.05).

 

Q: What will happen to my GTC order placed after October 3rd that was placed and accepted in a nickel tick increment but the Pilot Stock moves from a Test Group to the Control Group which permits non-nickel increments?
A: The GTC order will automatically be able to be revised by the user in non-nickel increments on the date the Pilot stock moves from the Test Group to the Control Group. Similarly, if a stock gets added to Test Group due to a corporate action, IB will cancel the GTC order if it is priced in impermissible increments.

 

Q: Where can I find out more information?

A: See KB2752 or the FINRA website for additional details regarding the Pilot Program: http://www.finra.org/industry/tick-size-pilot-program

Locating Portfolio Page

The portfolio page allows you to view and montor your current portfolio at the individual position level, including psoition quantity, market value, current bid-ask and profit/loss. Instructions for locating the page vary by trading platform and are outlined below:

TWS Classic - First check to see if you have detached the page from the main window (an option provided by right clicking on the tab). If this is the case, the page will be open but hidden behind the main window. Minimize the main window by clicking on the minimize icon located in the upper-right hand corner of the screen. If you are able to then view the portfolio page and wish to reattach it, simply right click on the tab to open the menu and select the "Attach Page" option.

If the page is not detached, select the "Account Window" option from the top menu bar and then "Portfolio Window" menu option.

 

Mosiac - from the Montor window, click on the small + sign located to the right of any existing monitor tabs. Then select "Portfolio" and this page will reappear.

 

 

Additional Information Regarding the Use of Stop Orders

U.S. equity markets occasionally experience periods of extraordinary volatility and price dislocation. Sometimes these occurrences are prolonged and at other times they are of very short duration. Stop orders may play a role in contributing to downward price pressure and market volatility and may result in executions at prices very far from the trigger price. 

Investors may use stop sell orders to help protect a profit position in the event the price of a stock declines or to limit a loss. In addition, investors with a short position may use stop buy orders to help limit losses in the event of price increases. However, because stop orders, once triggered, become market orders, investors immediately face the same risks inherent with market orders – particularly during volatile market conditions when orders may be executed at prices materially above or below expected prices.
 
While stop orders may be a useful tool for investors to help monitor the price of their positions, stop orders are not without potential risks.  If you choose to trade using stop orders, please keep the following information in mind:
 
·         Stop prices are not guaranteed execution prices. A “stop order” becomes a “market order” when the “stop price” is reached and the resulting order is required to be executed fully and promptly at the current market price. Therefore, the price at which a stop order ultimately is executed may be very different from the investor’s “stop price.” Accordingly, while a customer may receive a prompt execution of a stop order that becomes a market order, during volatile market conditions, the execution price may be significantly different from the stop price, if the market is moving rapidly.
 
·         Stop orders may be triggered by a short-lived, dramatic price change. During periods of volatile market conditions, the price of a stock can move significantly in a short period of time and trigger an execution of a stop order (and the stock may later resume trading at its prior price level). Investors should understand that if their stop order is triggered under these circumstances, their order may be filled at an undesirable price, and the price may subsequently stabilize during the same trading day.
 
·         Sell stop orders may exacerbate price declines during times of extreme volatility. The activation of sell stop orders may add downward price pressure on a security. If triggered during a precipitous price decline, a sell stop order also is more likely to result in an execution well below the stop price.
 
·         Placing a “limit price” on a stop order may help manage some of these risks. A stop order with a “limit price” (a “stop limit” order) becomes a “limit order” when the stock reaches or exceeds the “stop price.” A “limit order” is an order to buy or sell a security for an amount no worse than a specific price (i.e., the “limit price”). By using a stop limit order instead of a regular stop order, a customer will receive additional certainty with respect to the price the customer receives for the stock. However, investors also should be aware that, because a sell order cannot be filled at a price that is lower (or a buy order for a price that is higher) than the limit price selected, there is the possibility that the order will not be filled at all. Customers should consider using limit orders in cases where they prioritize achieving a desired target price more than receiving an immediate execution irrespective of price.
 
·         The risks inherent in stop orders may be higher during illiquid market hours or around the open and close when markets may be more volatile. This may be of heightened importance for illiquid stocks, which may become even harder to sell at the then current price level and may experience added price dislocation during times of extraordinary market volatility. Customers should consider restricting the time of day during which a stop order may be triggered to prevent stop orders from activating during illiquid market hours or around the open and close when markets may be more volatile, and consider using other order types during these periods.
 
·         In light of the risks inherent in using stop orders, customers should carefully consider using other order types that may also be consistent with their trading needs.

Рыночные данные: Анкета для непрофессионалов

Overview: 

Подробности о заполнении нового опросника для непрофессионалов.

Background: 

NYSE и большинство бирж США требуют, чтобы компании проверяли статус своих клиентов перед предоставлением им прав на получение рыночных данных. С этой целью впредь будет использоваться  "Анкета для непрофессионалов". Согласно биржевым правилам, клиенты, не прошедшие такую идентификацию, по умолчанию будут считаться профессионалами. Данный процесс поможет в выяснении и поддержании корректности статуса всех новых подписчиков на рыночные данные. Определение обоих терминов содержится в статье: ibkb.interactivebrokers.com/article/2369.

Для получения статуса "Непрофессионал" необходимо ответить на все вопросы в анкете. Поскольку биржи требуют точного подтверждения, неполные или неоднозначные результаты опросника приведут к присвоению Вам звания "Профессионал", пока не будет доказано обратное. 

При необходимости смены статуса свяжитесь со службой поддержки.

Пояснение вопросов:

1)    Коммерческие и деловые цели

а)    Получаете ли Вы финансовую информацию (включая новости и данные о стоимости ценных бумаг, товарных активов и других финансовых инструментов) для своего бизнеса или любой другой коммерческой структуры?

Пояснение: Получаете и используете ли Вы рыночные данные от имени компании или любой другой организации, а не чисто в личных целях?

б)    Ведете ли Вы торговлю ценными бумагами, товарными активами или Forex в пользу корпорации, товарищества, профессионального траста, профессиональной группы инвесторов или любого другого юридического лица?

Пояснение: Торгуете ли Вы исключительно за себя или от имени организации (Ltd, LLC, GmbH, Co., LLP, Corp.)?

в)    Состоите ли Вы в договоре о (а) разделении прибыли, полученной в результате Вашей торговой деятельности, или (б) получении компенсации за Вашу торговую деятельность?

Пояснение: Платят ли Вам за торговлю и делите ли Вы доход от трейдинга с третьей стороной (юридическом или частным лицом)?

г)    Предоставляют ли Вам офисное пространство, оборудование и прочие привилегии в обмен на ведение торговли или финансовые консультации?

Пояснение: Получаете ли Вы неденежное вознаграждение от третьей стороны за торговую деятельность?

2)    Представление чужих интересов

а)    Выступаете ли Вы в настоящее время в роли консультанта или брокера/дилера?

Пояснение: Платят ли Вам за управление чужими активами или консультирование третьих лиц по поводу распоряжения их капиталом?

б)    Работаете ли Вы управляющим активами (ценными бумагами, товарами или Forex)?         

Пояснение:  Платят ли Вам за управление ценными бумагами, товарными активами или Forex?

в)     Используете ли Вы финансовую информацию в служебных целях или для управления активами Вашего работодателя или Вашей фирмы?

Пояснение: Используете ли Вы какие-либо данные в коммерческих целях, связанных именно с распоряжением активами Вашего работодателя и/или Вашей компании?

г)    Используете ли Вы капитал любого другого частного или юридического лица для ведения торговли?

Пояснение: Находятся ли на Вашем счете чьи-либо активы кроме Ваших собственных?

3)    Поставка, повторный выпуск или сообщение данных другим лицам

а)    Предоставляете ли Вы третьим лицам любой вид доступа (сообщение, публикация и т.д.) к полученной финансовой информации?

Пояснение: Отправляете ли Вы полученные от нас данные третьим лицам?

4)    Квалифицированный профессиональный трейдер ценными бумагами/фьючерсами

а)    Были ли Вы зарегистрированы или сертифицированы как профессиональный участник рынка ценных бумаг любым агентством или рынком товарных активов и фьючерсных контрактов или же как инвестиционный советник любой национальной или областной биржей, надзорным органом, профессиональной ассоциацией или признанной профессиональной организацией? i, ii
ДА☐             НЕТ☐

i) В примеры надзорных органов входят (помимо прочих):

  • Комиссия США по ценным бумагам и биржам (SEC)
  • Комиссия США по срочным товарным сделкам (CFTC)
  • Управление финансового надзора Великобритании (FSA)
  • Агентство финансовых услуг Японии (JFSA)

ii) В примеры самоуправляемых организаций (SRO) входят (помимо прочих):

  • NYSE (США)
  • FINRA (США)
  • VQF (Швейцария)

 

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