Sending Funds to IBKR Post Migration

If your account has recently migrated to IBKR Ireland (IBIE) or IBKR Central Europe (IBCE), it is likely that you have outdated bank instructions saved in your Client Portal or with your bank. When transferring funds to IBKR after migration, you will want to enter a new deposit notification/bank instruction within Client Portal and update any saved IBKR bank information that you have with your bank. 

Should you inadvertently use outdated bank instructions to send funds to IBKR and they arrive at the incorrect IBKR entity, as a courtesy we will attempt to forward the funds to the correct IBKR entity. Please note that this transfer will be done free of charge for the first instance. For subsequent transfers, IBKR will charge your account a processing fee of EUR 50 (or equivalent). You will also receive a message notifying you of the transfer and advising you to update your bank information. 

Summary of Third Party Transaction Fees

Stamp taxes and transaction taxes, where applicable, are passed through to Interactive Brokers clients on top of the standard IBKR commission charge. You can see details of any stamp taxes charged in the Transaction Fees section of your Activity Statements. Below is a list of the taxes charged by various countries.
 

United Kingdom

  • 0.5% of trade value Stamp Tax
  • Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companies registered in the United Kingdom, Isle of Man or Channel Islands

Ireland

  • 1% of trade value Stamp Tax

Switzerland

  • The Swiss transaction tax is not charged automatically by Interactive Brokers on individual accounts. Clients who are subject to the tax should consult a local tax advisor for support with their tax obligations.

France

  • French Financial Transaction Tax: 0.30% of trade value applied to shares of companies whose head office is located in France and whose market capitalisation exceeds EUR 1 billion

Italy

Spain

  • Spanish Financial Transaction Tax: 0.20% or trade value applied to shares of Spanish companies whose market capitalisation exceeds EUR 1,000 million as of December 1 of the year preceding the date of acquisition.

Belgium

  • The Belgian Tax on stock-exchange transactions (TST) is not charged automatically by Interactive Brokers on individual accounts. Clients who are subject to the tax should consult a local tax advisor for support with their tax obligations.

Hong Kong

  • For stocks, warrants and structured products traded on the SEHK:
    • Government stamp duty: 0.13%, rounded up to the nearest 1.00 for SEHK stocks, normally applies only to stocks
    • SFC transaction levy: 0.0027%, normally applies to stocks and warrants
  • For products traded on the Shanghai-Hong Kong Stock Connect Northbound Trading Link and Shenzhen-Hong Kong Stock Connect:
    • 0.1% Sale Proceeds Stamp Duty

 

Shares Subject To The Spanish Financial Transaction Tax

The following table lists the companies included in the scope of the Spanish Financial Transaction Tax as of December 2020. Based on the Spanish declaration, companies meeting the following qualifications would fall within the scope of the FTT:

  • The shares must have been admitted to trading on a regulated market which may be the Spanish market, a market of another European Union Member state or an equivalent market in a third country
  • The company's market capitalization must exceed EUR 1,000 million as of December 1 of the year preceding the year that the acquisition takes place (reviewed annually)

The list of companies provided below is being done on a best efforts basis and may be subject to ammendments at any time and without notification.

The list of ADRs which are subject to the Spanish Financial Transaction Tax are detailed at the bottom of this page.

Company Name Symbol Exchange
ACS ACTIVIDADES CONS Y SERV ACS BM
ACERINOX SA ACX BM
ACERINOX SA ACXN MEXI
AENA SME SA AENA BM
AENA SME SA AENAN MEXI
CORPORACION FINANCIERA ALBA ALB BM
ALMIRALL SA ALM BM
AMADEUS IT GROUP SA AMS2 BM
ACCIONA SA ANA BM
APPLUS SERVICES SA APPS BM
BANCO BILBAO VIZCAYA ARGENTA BBVA BM
BANCO BILBAO VIZCAYA ARGENTA BBVA MEXI
BANKIA SA BKIA BM
BANKIA SA BKIAN MEXI
BANKINTER SA BKT BM
BANKINTER SA BKTN MEXI
BANCO SANTANDER SA BNC LSE
CAIXABANK S.A CABK BM
CONSTRUCC Y AUX DE FERROCARR CAF BM
CONSTRUCC Y AUX DE FERROCARR CAFEN MEXI
PROSEGUR CASH SA CASH2 BM
PROSEGUR CASH SA CASHN MEXI
CIE AUTOMOTIVE SA CIE BM
CIE AUTOMOTIVE SA CIEAN MEXI
CELLNEX TELECOM SA CLNX BM
CELLNEX TELECOM SA CLNXN MEXI
INMOBILIARIA COLONIAL SOCIMI COL BM
AMREST HOLDINGS SE EAT WSE
AMREST HOLDINGS SE EAT BM
AMREST HOLDINGS SE EATN MEXI
EBRO FOODS SA EBRO BM
EDP RENOVAVEIS SA EDPR BVL
EUSKALTEL SA EKT1 BM
EUSKALTEL SA EKTN MEXI
ENDESA SA ELE BM
ENDESA SA ELE1N MEXI
ENAGAS SA ENG BM
FAES FARMA SA - FAE BM
FOMENTO DE CONSTRUC Y CONTRA FCC BM
FLUIDRA SA FDR BM
FLUIDRA SA FDRN MEXI
FERROVIAL SA FER BM
SIEMENS GAMESA RENEWABLE ENE GAM BM
NATURGY ENERGY GROUP SA GAS BM
GRUPO CATALANA OCCIDENTE SA GCO BM
GRUPO CATALANA OCCIDENTE SA GCON MEXI
GESTAMP AUTOMOCION SA GEST BM
GESTAMP AUTOMOCION SA GESTN MEXI
GRIFOLS SA GRF BM
GRIFOLS SA - B GRF.P BM
INTL CONSOLIDATED AIRLINE-DI IAG LSE
INTL CONSOLIDATED AIRLINE-DI IAG BM
INTL CONSOLIDATED AIRLINE-DI IAGN MEXI
IBERDROLA SA IBE BM
IBERDROLA SA IBEN MEXI
INDRA SISTEMAS S.A. IDR BM
INDUSTRIA DE DISENO TEXTIL ITX BM
INDUSTRIA DE DISENO TEXTIL ITXN MEXI
CIA DE DISTRIBUCION INTEGRAL LOG BM
MAPFRE SA MAP BM
MELIA HOTELS INTERNATIONAL MEL BM
MELIA HOTELS INTERNATIONAL MELN MEXI
MERLIN PROPERTIES SOCIMI SA MRL BM
NH HOTEL GROUP SA NHH BM
PHARMA MAR SA PHM BM
PHARMA MAR SA PHM1N MEXI
PROSEGUR COMP SEGURIDAD PSG BM
RED ELECTRICA CORPORACION SA REE BM
RED ELECTRICA CORPORACION SA REEN MEXI
REPSOL SA REP BM
REPSOL SA REPSN MEXI
LABORATORIOS FARMACEUTICOS R ROVI BM
BANCO DE SABADELL SA SAB2 BM
BANCO SANTANDER SA SAN MEXI
BANCO SANTANDER SA SAN WSE
BANCO SANTANDER SA SAN1 BM
SACYR SA SCYR BM
SIEMENS GAMESA RENEWABLE ENE SGREN MEXI
SOLARIA ENERGIA Y MEDIO AMBI SLR BM
TELEFONICA SA TEF BM
TELEFONICA SA TEF1N MEXI
TELEFONICA SA TEFOF PINK
MEDIASET ESPANA COMUNICACION TL5 BM
MEDIASET ESPANA COMUNICACION TL5N MEXI
UNICAJA BANCO SA UNI2 BM
VIDRALA SA VID BM
VISCOFAN SA VIS BM
VISCOFAN SA VISCN MEXI
ZARDOYA OTIS SA ZOT BM
ZARDOYA OTIS SA ZOTN MEXI

 

The following is a list of ADRs which are subject to the Spanish Financial Transaction Tax.

Company Name Symbol Exchange
ACERINOX SA-UNSPON ADR ANIOY PINK
ACS ACTIVIDADES CONS-UNS ADR ACSAY PINK
AENA SME SA-ADR ANYYY PINK
AMADEUS IT GROUP-UNSP ADR AMADY PINK
BANCO BILBAO VIZCAYA-SP ADR BBVA NYSE
BANCO DE SABADELL-UNSPON ADR BNDSY PINK
BANCO SANTANDER SA-SPON ADR SAN NYSE
BANKIA SA-UNSP ADR BNKXY PINK
BANKINTER SA-SPONS ADR BKNIY PINK
CAIXABANK- UNSPON ADR CAIXY PINK
CELLNEX TELECOM SAU-UNSP ADR CLLNY PINK
EBRO FOODS SA -UNSP ADR EBRPY PINK
ENAGAS-UNSPONSORED ADR ENGGY PINK
ENDESA SA-UNSP ADR ELEZY PINK
FERROVIAL SA-UNSPONSORED ADR FRRVY PINK
FOMENTO DE CONST-UNSPON ADR FMOCY PINK
GRIFOLS SA-ADR GRFS NASDAQ
GRIFOLS SA-SPON ADR GIKLY PINK
IBERDROLA SA-SPONSORED ADR IBDRY PINK
INDITEX-UNSPON ADR IDEXY PINK
INDRA SISTEMAS SA-UNSP ADR ISMAY PINK
MAPFRE SA-UNSP ADR MPFRY PINK
NATURGY ENERGY GROUP SA-ADR GASNY PINK
PROSEGUR CASH SA - UNSP ADR PGUCY PINK
RED ELECTRICA COR-UNSPON ADR RDEIY PINK
REPSOL SA-SPONSORED ADR REPYY PINK
TELEFONICA SA-SPON ADR TEF NYSE
TELEFONICA SA-SPON ADR TNE2 IBIS
TELEFONICA SA-SPON ADR TEFN MEXI
ABENGOA SA-UNSPON ADR ABGOY PINK
ABERTIS INFRAESTR-UNSPON ADR ABRTY VALUE
ATRESMEDIA CORP DE -UNSP ADR ATVDY PINK
BOLSAS Y MERCADOS ESP-UN ADR BOLYY VALUE
DISTRIBUIDORA INT-UNSP ADR DIDAY PINK
GAMESA CORP TECN-UNSPON ADR GCTAY PINK
PROMOTORA DE INFORMA-ADR PRISY PINK

 

Information Regarding the Spanish Financial Transaction Tax

Overview

This document provides an overview of how the Spanish Financial Transaction Tax (FTT) will be handled by Interactive Brokers.

Effective January 16, 2021, a new tax will be implemented on the purchase of certain Spanish securities.

Tax Rate

The announced tax is 0.20%.

Scope

The FTT will be applied to shares of Spanish companies whose market capitalisation exceeds EUR 1,000 million as of December 1 of the year preceding the year that the acquisition takes place. The shares must have been admitted to trading on a regulated market which may be the Spanish market, a market of another European Union Member state or an equivalent market in a third country. The Spanish Ministry of Finance will publish a list of Spanish companies with a market cap exceeding this threshold by December 31 each year. The Ministry of Finance will review and republish the list the first month the FTT is in place.

The following cases are subject to the Spanish FTT:

  • Shares acquired on an exchange transaction
  • Shares acquired on the execution or settlement of fixed-income securities which may be converted or exchanged for shares
  • Shares acquired as a result of execution or settlement of financial derivatives (i.e. stock option exercise/assignment)
  • Shares acquired from the execution of finance contracts defined in article 2.1 of Order EHA3537/2005 (contracts not traded on official secondary markets for which a credit institution receives money or securities from customers assuming a repayment obligation)

Accrual

Tax becomes payable on the settlement date of the transaction

Tax Base

There will be a special calculation for intra-day transactions. Therefore, only the net settlement will be taxed.

Exposure Fee Calculations Overview

Introduction

IBKR's global risk management routine includes a daily execution of computations through which each client’s portfolio is stress tested to determine its exposure to a series of prices changes beyond that protected by margin. These stress tests serve to identify accounts that, while margin compliant, project losses which exceed the account’s equity were these scenarios to be realized and which IBKR regards as excessive. In an effort to increase client awareness as to their potential exposure, IBKR has implemented a daily Exposure Fee, that is assessed to any account reporting end of day uncovered risk in excess of specified levels.

 

Current Exposure Fee Overview

The current Exposure Fee calculation is intended to reflect a more comprehensive set of market scenarios in addition to price dependencies among all products types. The calculation is based upon a Monte Carlo simulation which incorporates thousands of market scenarios and projects the exposure of your portfolio assuming sector-based price changes (e.g., individual stock and sectors such as oil, gas, meat, sugar, cocoa, metals, foreign exchange & crypto-currencies), and then applying this evaluation to all other products based upon their respective sector correlation.

 

Managing the Exposure Fee

At the initial point an account is detected as being subject to the Exposure Fee, a communication will be sent out explaining the fee and affording the account holder one week to adjust positions and equity before the Fee, if still applicable, will take effect. To assist with avoidance or mitigation of the Fee, IBKR provides a daily Exposure Fee Calculation report via Account Management which details the Fee and provides examples of hypothetical adjustments to existing positions which, if implemented, are projected to reduce the Fee given information then available.

 

Primary Risk Factors

Each portfolio will be re-valued based upon stressing each primary risk factor, which is represented by a future contract, index or ETF, and all other product(s) in the portfolio will adjusted based upon their correlation associated with that primary risk factor.

Below is a summary of each risk factor, the representing Future Contract, Index or ETF, and the upper and lower range in which we stress each risk factor.

Risk Factors Product Lower Bound Upper Bound
Equity S&P 500 Index (SPX) -30.00% 20.00%
Australia Equity S&P 500 / ASX 200 Index Australia Index (AP) -30.00% 20.00%
United Kingdom Equity FTSE 100 Index (Z) -30.00% 20.00%
European Equity   Dow Jones Euro STOXX50 Index (ESTX50) -30.00% 20.00%
Hong Kong Equity   Hang Seng Index (HSI) -30.00% 20.00%
Japanese Equity Nikkei 225 Index -30.00% 20.00%
Individual Stocks -50.00% 50.00%
Oil (Crude Oil) Light Sweet Crude Oil Futures -32.00% 62.00%
Oil (Brent Oil) Brent Crude Oil Futures -30.00% 60.00%
CO2 ICE ECX EUA Futures -74.30% 59.50%
Treasury iShares 20+ Year Treasury Bond ETF (TLT) -19.80% 15.60%
Treasury1 iShares 1-3 Year Treasury Bond ETF (SHY) -1.80% 1.20%
Italian Govt Bond Euro-BTP Italian Government Bond -13.00% 13.00%
BAX 3 Month Canadian Bankers' Acceptance Futures -0.40% 0.40%
EuroBund Euro Fund (10 Year Bond - GBL) -7.60% 8.60%
JGB Japanese Government Bonds (JGB) -2.20% 2.20%
Live Cattle Live Cattle (LE) -30.00% 30.00%
Feeder Cattle Feeder Cattle (GF) -30.00% 30.00%
Hogs Lean Hogs Index (HE) -30.00% 30.00%
Ind. Metals. NYMEX Cooper Index (HG) -25.30% 22.10%
Prec. Metals SPDR Gold Shars (GLD) -20.70% 34.50%
Silver NYMEX Silver Index (SI) -26.20% 28.80%
Wheat ETFS Wheat (OD7S) -40.90% 64.70%
Corn Teucrium Corn Fund (CORN) -23.50% 41.50%
Soybean Teucrium Soybean Fund (SOYB) -22.60% 27.40%
Rice Rough Rice Futures (ZR) -22.60% 27.40%
Cocoa iPath Bloomberg Cocoa Subindex Total Return (NIB) -28.60% 37.40%
Gas Henry Hub Natural Gas Futures (NG) -18.80% 62.00%
Crypto The NYSE bitcoin Index (NYXBT) -100.00% 93.90%
Sugar iPath Bloomberg Sugar Subindex Total Return (SGGFF) -34.50% 52.30%
Cotton ETFS Cotton (COTN) -50.00% 50.00%
Coffee iPath Bloomberg Coffee Subindex Total Return (JJOFF) -30.00% 50.00%
Lumber Random Length Lumber (LB) -30.00% 30.00%
Milk Milk Class III Index (DA) -15.00% 15.00%
Orange Juice FC Orange Juice "A" (OJ) -35.00% 35.00%

 

Forex Risk Factor Lower Bound Upper Bound
AUD -18.10% 18.10%
BGN -6.80% 6.80%
BRL -17.00% 17.00%
CAD -13.70% 13.70%
CHF -13.90% 13.90%
CNH -8.20% 8.20%
CNY -6.70% 6.70%
CYP -7.20% 7.20%
CZK -9.50% 9.50%
DKK -7.90% 7.90%
EEK -5.50% 5.50%
EUR -9.90% 9.90%
GBP -13.00% 13.00%
HKD -8.00% 8.00%
HRK -7.00% 7.00%
HUF -20.50% 20.50%
ILS -8.80% 8.80%
INR -12.40% 12.40%
ISK -9.90% 9.90%
JPY -16.80% 16.80%
KRW -18.00% 18.00%
LTL -7.20% 7.20%
LVL -7.00% 7.00%
MTL -7.20% 7.20%
MXN -16.70% 16.70%
NOK -12.90% 12.90%
NZD -14.60% 14.60%
PLN -31.40% 31.40%
RON -6.90% 6.90%
RUB -27.80% 27.80%
SEK -13.20% 13.20%
SGD -6.30% 6.30%
SIT -7.20% 7.20%
SKK -7.20% 7.20%
TRY -40.10% 40.10%
TWD -14.20% 14.20%
USD -9.30% 9.30%
ZAR -19.00% 19.00%


For additional information concerning this Exposure Fee Calculation report, please see KB3113.

French Withholding Tax Reclaim

European withholding taxes on dividends are taxed at source. This means that the tax is withheld by the depository prior to remittance of the distribution to IB and the subsequent credit of the net distribution to the accounts of any IB's customer.

As outlined in the customer agreement, IB holds all shares in street name. For this reason the rate between the dividend paying country (France) and the receiving country (IB LLC US) is 28% for 2020 (reduced from 30% for 2019). While you may hold an account with Interactive Brokers UK, IBUK in turn acts as an introducing broker for Interactive Brokers LLC. As such, Interactive Brokers LLC is the street facing holder of shares. See the below link to the IB Customer Agreement for further clarification. In case the link does not work, find the Forms and Disclosures link at the bottom of the Interactive Brokers website and select Agreements followed by Customer Agreements and IB UK Limited Customer Agreement:

https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration.formSampleView?file=registration_1/uk_customer_agreement.html

On French stock dividends, IB can facilitate the process of dividend tax reclaim. To reclaim taxes you are required to complete Forms 5000 and 5001. Please return the completed forms to IB initially as an attachment to an Inquiry Ticket. Upon receipt, IB will review the forms and confirm if they can be accepted. Once reviewed, the original forms should be sent to:

Interactive Brokers UK Ltd
Att. Esther and Heinz
Gotthardstrasse 3
CH-6301 Zug
Switzerland
 
In Form 5000 you have to fill out only the first page.
 
At point I please select "Normal procedure".
At point II please complete with your personal details.
At point III please write your signature
At point IV is required your Tax ID Number and the Signature/Stamp of your local Tax Office.
 
 
In Form 5001 complete the second page with the corresponding shares and dividend details (incl. ISIN). Please ensure the completed form is signed.
 
 
Please note the forms 5000 and 5001 provided to IB should be those for the French tax authorities. In the box on the top left of the forms you can see the version of the forms. They need to be the ones 'for the use of the French tax authorities', and not the versions 'to be kept by the beneficiary' or 'for the use of the foreign tax authorities'.
 
Upon receipt of the original forms, IB will forward the documents to our custodian for the French market. Upon receipt of the refunded withholding tax, IB will credit the account.
 
Please note that an external fee of 125 EUR per each dividend is charged by Euroclear for processing the reclaim. This fee is charged regardless of whether the refund is successful or not.
 
The process of tax reclaims is handled on a best effort basis and could take several months (6 to 12).
 
The deadline to request a French Tax Reclaim is two years from the end of the year of the dividend payment event with an exception for residents of the Netherlands (three years) and Germany (four years).
 
Please send IB the original forms before the end of October of the deadline year to ensure that Euroclear will have the documents. Documents received by Euroclear after 15 November of the reclaim deadline year will be processed on a best efforts and will incur a higher fee of 200 euros per dividend payment.
 
French ADR Withholding Tax Reclaim
 
IB does not support ADR Tax Reclaims. GlobeTax can be a solution to reclaim the ADR Withholding Tax. Please see the contact details below:
 
GlobeTax
Sarah Roberts
+1-212-364-9045

 

Snapshot Market Data

BACKGROUND

IBKR offers eligible clients the option of receiving a real-time price quote for a single instrument on a request basis. This service, referred to as “Snapshot Quotes” differs from the traditional quote services which offer continuous streaming and updates of real-time prices. Snapshot Quotes are offered as a low-cost alternative to clients who do not trade regularly and do not want to rely upon delayed quotes1 when submitting an order. Additional details regarding this quote service is provided below. 

QUOTE COMPONENTS

The Snapshot quote includes the following data:        

  • Last price
  • Last size
  • Last exchange
  • Current bid-ask
  • Size for each of current bid-ask
  • Exchange for each of current bid-ask 

AVAILABLE SERVICES

Service Restrictions Price per Quote Request (USD)2
AMEX (Network B/CTA)   $0.01
ASX Total No access to ASX24.
Limited to Non-Professional subscribers
$0.03
Bolsa de Madrid   $0.03
Canadian Exchange Group (TSX/TSXV) Limited to Non-Professional subscribers who are not clients of IB Canada $0.03
CBOT Real-Time   $0.03
CME Real-Time   $0.03
COMEX Real-Time   $0.03
Eurex Core Limited to Non-Professional subscribers $0.03
Euronext Basic Limited to Non-Professional subscribers

Includes Euronext equities, indices, equity derivatives and index derivatives.
$0.03
German ETF's and Indices Limited to Non-Professional subscribers $0.03
Hong Kong (HKFE) Derivatives   $0.03
Hong Kong Securities Exchange (Stocks, Warrants, Bonds)   $0.03
Johannesburg Stock Exchange   $0.03
Montreal Derivatives Limited to Non-Professional subscribers $0.03
NASDAQ (Network C/UTP)   $0.01
Nordic Derivatives   $0.03
Nordic Equity   $0.03
NYMEX Real-Time   $0.03
NYSE (Network A/CTA)   $0.01
OPRA (US Options Exchanges)   $0.03
Shanghai Stock Exchange 5 Second Snapshot (via HKEx)   $0.03
Shenzhen Stock Exchange 3 Second Snapshot (via HKEx)   $0.03
SIX Swiss Exchange Limited to Non-Professional subscribers $0.03
Spot Market Germany (Frankfurt/Xetra) Limited to Non-Professional subscribers $0.03
STOXX Index Real-Time Data Limited to Non-Professional subscribers $0.03
Toronto Stk Exchange Limited to Non-Professional subscribers who are clients of IB Canada $0.03
TSX Venture Exchange Limited to Non-Professional subscribers who are clients of IB Canada $0.03
UK LSE (IOB) Equities   $0.03
UK LSE Equities   $0.03

1Delayed quotes are not provided for U.S. stocks in IBLLC accounts or any IBKR account where the client resides in the U.S. due to FINRA regulations.

2Cost is per snapshot quote request and will be assessed in the Base Currency equivalent, if not USD.

 

ELIGIBILITY

  • Accounts must maintain the Market Data Subscription Minimum and Maintenance Equity Balance Requirements in order to qualify for Snapshot quotes.
  • The Users must operate TWS Build 976.0 or higher to access Snapshot quote functionality.

 

PRICING DETAILS

  • Clients will receive $1.00 of snapshot quotes free of charge each month. Free snaphots may be applied to either U.S. or non-U.S. quote requests and charges will be applied, without additional notice, once the free allocation has been exhausted. Clients may review their snapshot usage as of the close of each business day via the Client Portal.
  • Quote fees are assessed on a lag basis, generally in the first week after the month in which Snapshot services were provided. Accounts which do not have sufficient cash or Equity With Loan Value to cover the monthly fee will be subject to position liquidations.
  • The monthly fee for snapshots will be capped at the related streaming real-time monthly service price. At which time the streaming quotes will be provided at no additional cost for the remainder of the month.  The switch to streaming quotes will take place at approximately 18:30 EST the following business day after reaching the snapshot threshold. At the close of the month, the streaming service will automatically terminate and the snapshot counter will reset. Each service is capped independently of the others and quote requests for one service cannot be counted towards the cap of another. See table below for sample details.
Service Price per Quote Request (USD) Non-Pro Subscriber Cap (Requests/Total Cost)2 Pro Subscriber Cap (Requests/Total Cost)3
AMEX (Network B/CTA) $0.01 150/$1.50 2,300/$23.00
NASDAQ (Network C/UTP) $0.01 150/$1.50 2,500/$25.00
NYSE (Network A/CTA) $0.01 150/$1.50 4,500/$45.00

 

REQUESTING SNAPSHOT QUOTES

Desktop Trading - TWS (Classic):

If you have delayed data displayed and subscribed to the snapshot permissions, under the column Ticker Action you would see a button for Snapshot:

 

When clicking the Snapshot button, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:


 

In the Quote Details Window clicking the Refresh link will update the the NBBO quote. 

Example:

In the above case, GOOG is a NASDAQ (Network C/UTP) listed stock. There will be a charge of 0.01 USD per query (a snapshot).

  • Non-Professionals can request another 149 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.
  • Professionals can request another 2,499 snapshots for GOOG or any other NASDAQ (Network C/UTP) listed shares, before it turns into streaming quotes.

You will only be charged for the snapshots until the cap amount. Once the snapshot limit is reached, no further charges will be applied for the rest of the month and will begin receiving streaming quotes for that service.

 

Desktop Trading - TWS (Mosaic):

If you have delayed data displayed and subscribed to the snapshot permissions, when selecting a row in the Monitor tab, the Order Entry window will display an option to request a Snapshot.

 


 

Clicking the +SNAPSHOT link will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol and will populate the NBBO information:

 


 

In the Quote Details Window clicking the Refresh link will update the the NBBO quote.

Client Portal:

If you have delayed data displayed and subscribed to the snapshot permissions, in the Order Ticket window, under the Bid/Ask price you would see a link for Snapshot:

 

 

When clicking the Snapshot link, will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol:

 

 

In the snapshot window clicking the Refresh link will update the the NBBO quote.

 

Web Trading - WebTrader:

If you have delayed data displayed and subscribed to the snapshot permissions, on the Market Tab under the column Additional Data you would see a button for Snapshot:

 


 

When clicking the Snapshot button, will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol:

 

Mobile Trading - IBKR Mobile app:

On the Quote Screen tapping on a Symbol will expand the quote box. If you have delayed data displayed and are subscribed to the snapshot permissions you will see a link for Snapshot:


When tapping the Snapshot link, it will populate a quote details window. The quote details window will generate a timestamp the moment the NBBO quote is received for that symbol along with the NBBO information:

 

 

Market Data Non-Professional Questionnaire

Overview: 

Insight into completing the new Non-Professional Questionnaire.

Background: 

The NYSE and most US exchanges require vendors to positively confirm the market data status of each customer before allowing them to receive market data. Going forward, the Non-Professional Questionnaire will be used to identify and positively confirm the market data status of all customer subscribers. As per exchange requirements, without positively identifying customers as non-professional, the default market data status will be professional. The process will protect and maintain the correct market data status for all new subscribers. For a short guide on non-professional definitions, please see ibkb.interactivebrokers.com/article/2369.

Each question on the questionnaire must be answered in order to have a non-professional designation. As exchanges require positive confirmations of proof for non-professional designations, an incomplete or unclear Non-Professional Questionnaire will result in a Professional designation until the status can be confirmed. 

If the status should change, please contact the helpdesk.

Explanation of questions:

1)    Commercial & Business purposes

a)    Do you receive financial information (including news or price data concerning securities, commodities and other financial instruments) for your business or any other commercial entity?

Explanation: Are you receiving and using the market data for use on behalf of a company or other organization aside from using the data on this account for personal use?

b)    Are you conducting trading of any securities, commodities or forex for the benefit of a corporation, partnership, professional trust, professional investment club or other entity?

Explanation: Are you trading for yourself only or are you trading on behalf of an organization (Ltd, LLC, GmbH, Co., LLP, Corp.)?

c)    Have you entered into any agreement to (a) share the profit of your trading activities or (b) receive compensation for your trading activities?

Explanation: Are you being compensated to trade or are you sharing profits from your trading activities with a third party entity or individual?

d)    Are you receiving office space, and equipment or other benefits in exchange for your trading or work as a financial consultant to any person, firm or business entity?

Explanation: Are you being compensated in any way for your trading activity by a third party, not necessarily by being paid in currency.

2)    Act in a capacity

a)    Are you currently acting in any capacity as an investment adviser or broker dealer?

Explanation: Are you being compensated to manage third party assets or compensated to advise others on how to manage their assets?

b)    Are you engaged as an asset manager for securities, commodities or forex?         
 

Explanation: Are you being compensated to manage securities, commodities, or forex?

c)     Are you currently using this financial information in a business capacity or for managing your employer’s or company’s assets?

Explanation: Are you using data at all for a commercial purposes specifically to manage your employer and/or company assets?

d)    Are you using the capital of any other individual or entity in the conduct of your trading?

Explanation: Are there assets of any other entity in your account other than your own?

3)    Distribute, republish or provide data to any other party

a)    Are you distributing, redistributing, publishing, making available or otherwise providing any financial information from the service to any third party in any manner?

Explanation: Are you sending any data you receive from us to another party in any way, shape, or form?

4)    Qualified professional securities / futures trader

a)    Are you currently registered or qualified as a professional securities trader with any security agency, or with any commodities or futures contract market or investment adviser with any national or state exchange, regulatory authority, professional association or recognized professional body? i, ii
YES☐             NO☐

i) Examples of Regulatory bodies include, but are not limited to,

  • US Securities and Exchange Commission (SEC)
  • US Commodities Futures Trading Commission (CFTC)
  • UK Financial Service Authority (FSA)
  • Japanese Financial Service Agency (JFSA)

ii) Examples of Self-Regulatory Organization (SROs) include, but are not limited to:

  • US NYSE
  • US FINRA
  • Swiss VQF 

Exposure Fee Monitoring via Account Window

The Account Window provides the high-level information suitable for monitoring one's account on a real-time basis. This includes key balances such as total equity and cash, the portfolio composition and margin balances for determining compliance with requirements and available buying power.  This window also includes information relating to the most recently assessed exposure fee and a projection of the next fee taking into consideration current positions.

To open the Account Window: 
• From TWS classic workspace, click on the Account icon, or from the Account menu select Account Window (Exhibit 1)
 

Exhibit 1

 

• From TWS Mosaic workspace, click on Account from the menu, and then select Account Window (Exhibit 2)

Exhibit 2

 

After opening the window, scroll down to the Margin Requirements section and click on the + sign in the upper-right hand corner to expand the section.  There, the "Last" and "Estimated Next" exposure fees will be detailed for each of the product classifications to which the fee applies (e.g., Equity, Oil).  Note that the "Last" balance represents the fee as of the date last assessed (note that fees are computed based upon open positions held as of the close of business and assessed shortly thereafter).  The "Estimated Next" balance represents the projected fee as of the current day's close taking into account position activity since the prior calculation (Exhibit 3).

Exhibit 3

 

To set the default view when the section is collapsed, click on the checkbox alongside any line item and those line items will remain displayed at all times.

 

Please see KB2275 for information regarding the use of IB's Risk Navigator for managing and projecting the Exposure Fee and KB2276 for verifying exposure fee through the Order Preview screen.

 

Important Notes

1. The Estimated Next Exposure Fee is a projection based upon readily available information.  As the fee calculation is based upon information (e.g., prices and implied volatility factors) available only after the close, the actual fee may differ from that of the projection.

2. Exposure Fee Monitoring via the Account window is only available for accounts that have been charged an exposure fee in the last 30 days

Order Preview - Check Exposure Fee Impact

IB provides a feature which allows account holders to check what impact, if any, an order will have upon the projected Exposure Fee. The feature is intended to be used prior to submitting the order to provide advance notice as to the fee and allow for changes to be made to the order prior to submission in order to minimize or eliminate the fee.

The feature is enabled by right-clicking on the order line at which point the Order Preview window will open. This window will contain a link titled "Check Exposure Fee Impact" (see red highlighted box in Exhibit I below).

Exhibit I

 

Clicking the link will expand the window and display the Exposure fee, if any, associated with the current positions, the change in the fee were the order to be executed, and the total resultant fee upon order execution (see red highlighted box in Exhibit II below).  These balances are further broken down by the product classification to which the fee applies (e.g. Equity, Oil). Account holders may simply close the window without transmitting the order if the fee impact is determined to be excessive.

Exhibit II

 

Please see KB2275 for information regarding the use of IB's Risk Navigator for managing and projecting the Exposure Fee and KB2344 for monitoring fees through the Account Window

 

Important Notes

1. The Estimated Next Exposure Fee is a projection based upon readily available information.  As the fee calculation is based upon information (e.g., prices and implied volatility factors) available only after the close, the actual fee may differ from that of the projection.

2. The Check Exposure Fee Impact is only available for accounts that have been charged an exposure fee in the last 30 days

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