Step 1: Open a new “What-if” portfolio

From the Classic TWS trading platform, select the Analytical Tools, Risk Navigator, and then Open New What-If menu options (Exhibit1).

Exhibit 1
 

From the Mosaic TWS trading platform, select New Window, Risk Navigator, and then Open New What-If menu options.

Step 2: Define starting portfolio

A pop-up window will appear (Exhibit 2) from which you will be prompted to define whether you would like to create a hypothetical portfolio starting from your current portfolio or a newly created portfolio. Clicking on the "yes" button will serve to download existing positions to the new “What-If” portfolio.

Exhibit 2
 

Clicking on the "No" button will open up the “What – If” Portfolio with no positions.

Risk Dashboard

The Risk Dashboard is pinned along the top of the product tab-sets, and is and is available for what-if as well as active portfolios. The values are calculated on demand for what-if portfolios. The dashboard provides at-a-glance account information including:

1) Net Liquidation Value: The total Net Liquidation Value for the account
2) P&L: The total daily P&L for the entire portfolio
3) Maintenance Margin: Total current maintenance margin
4) Initial Margin: Total initial margin requirements
5) VAR: Shows the Value at risk for the entire portfolio
6) Expected Shortfall (ES): Expected Shortfall (average value at risk) is expected return of the portfolio in the worst case
 

Alternative Margin Calculator

The Alternative Margin Calculator, accessed from the Margin menu and clicking on the Margin Mode (Exhibit 3), shows how the margin change will affect the overall margin requirement, once fully implemented.

Exhibit 3
 

Step 3: Selecting Margin Mode Settings

A pop-up window will appear (Exhibit 4) entitled Margin Mode Setting. You can use the drop-down menu in that window to change the margin calculations from Default (being the current policy) to the new title of the new Margin Setting (being the new margin policy). Once you have made a selection click on the OK button in that window.

Exhibit 4
 

Once the new margin mode setting is specified, the Risk Navigator Dashboard will automatically update to reflect your choice. You can toggle back and forth between the Margin Mode settings. Note that the current Margin Mode will be shown in the lower left hand corner of the Risk Navigator window (Exhibit 5).

Exhibit 5
 

Step 4: Add Positions

To add a position to the "What - If" portfolio, click on the green row titled "New" and then enter the underlying symbol (Exhibit 6), define the product type (Exhibit 7) and enter position quantity (Exhibit 8)

Exhibit 6
 

Exhibit 7

Exhibit 8

You can modify the positions to see how that changes the margin. After you altered your positions you will need to click on the recalculate icon () to the right of the margin numbers in order to have them update. Whenever that icon is present the margin numbers are not up-to-date with the content of the What-If Portfolio.

Once logged in to TWS for Mobile, all users have a 20-minute grace period during which they can take a call or use another app and still retain full access to their trading session without having to perform a full login (username/password + second factor authentication). After this grace period, users who have fingerprint security enabled on their device will enjoy secure trading for up to 30 hours without having to complete the full login.

Trader Workstation (TWS)

La fonctionnalité de vérification de marge dans TWS offre la possibilité d'isoler l'impact sur la marge de l'ordre proposé par rapport à une position et d'afficher la nouvelle exigence de marge dans l'hypothèse où l'ordre est exécuté. Les soldes clés de marge, notamment les exigences de marge initiales et de maintien, sont reportés de la même manière que les actifs avec valeur d'emprunt. Pour utiliser cette fonctionnalité, veuillez placer votre curseur sur la ligne d'ordre, cliquez avec le bouton droit de votre souris et sélectionnez Vérifier la marge dans le menu déroulant.

Exemple: Acheter 1 ES June 2012 Future @ 1387.25

La première section de l'Aperçu de l'ordre affiche le cours acheteur, le cours vendeur et le dernier cours pour ce titre.

La seconde section affiche les informations de base de l'ordre

La section Montant affiche la valeur de l'ordre ainsi qu'une estimation de la commission applicable.

La section Impact sur la marge affiche les informations suivantes de manière détaillée ;

Actuel = les valeurs de compte actuelles, à l'exclusion de l'ordre actuellement transmis.

Modification = l'impact de l'ordre actuellement transmis en ne tenant pas compte des positions dans le compte.

Post-Trade = les valeurs de compte anticipées une fois que l'ordre actuellement transmis aura été exécuté et incorporé dans le portefeuille du compte.

WebTrader

L'affichage WebTrader affiche l'équivalent des valeurs Post-Trade TWS uniquement.

Availability

• Quotes: “quote Interactive Brokers”, “show the price of Interactive Brokers”
  • IBot can also display fundamental information
  • Options: In cases where there is more than one option contract on the same exchange with the same expiry, strike and right, IBot will choose a contract as follows:
    • Choose smart over non-smart
    • Choose non-weekly contracts
    • Choose the contract with a standard multiplier
  • Partial Instrument Match: In cases where you leave out a parameter, IBot will try to identify the option contract with an educated guess based on the following logic:
    • If the underlying is missing, assume the last used underlying if one is available
    • If the type is missing, use a CALL.
    • If the expiration is missing, use the nearest month.
    • If the strike is missing, use the at-the-money strike.
• Charts: “10 day 1 hour bar chart for Interactive Brokers”, “chart Interactive Brokers”
  • If you omit bar sizes or time ranges, IBot will display the most reasonable chart based on what you entered
• Orders: “buy 100 shares of Interactive Brokers at market”, “sell 100 shares of IBKR at 40”, “close my Interactive Brokers position”, “close 10% of my long positions”
  • You MUST click the Submit button located within IBot to place the order
• Trades: “show trades in Interactive Brokers”
• Market Scanners: “top gaining US stocks", "biggest US market winners"
• Market Depth Level II Data: “market depth for Interactive Brokers”, “level 2 for IBKR”
• Option Chains: “option chains for Interactive Brokers”, “jan options for IBKR”
• Calendar: "show portfolio events", "upcoming events for portfolio companies"
• Your Account: “show my P&L”, “show my buying power”, “what is my net liquidation value”
• Modify a Command: after creating an order, “change this order to market”
• Help: get help with IBot by typing help before a type of command, “help with orders”, “help with chart”
• Company Fundamentals: “show summary for Interactive Brokers”, “Return on Equity for IBKR”
• Customer Service Information: “customer support”, “support”
  • Will include a link to the Contact Client Services page of our website
• IBKR web site information: Use the terms Search: or Search for to return reference information from the IBKR web site. IBot will return the top matches with links to the relevant web page.