Interactive Brokers Updates TWS Platform

Interactive Brokers, a leading player in electronic trading, has recently rolled out Beta Build 10.29 of its Trader Workstation (TWS) platform. This update brings significant enhancements to two key features: Portfolio Performance Profile and Mutual Funds Swap.

About the New Features

Interactive Brokers has launched Beta Build 10.29 of its TWS platform, introducing enhancements to the Portfolio Performance Profile and Mutual Funds Swap features. Mutual Funds Swap allows exchanging eligible mutual fund positions within the same fund family, potentially reducing commissions and tax consequences. Meanwhile, updates to the Portfolio Performance Profile address recurring issues, ensuring accurate performance analysis. 

Join the global network of professionals and find the ideal trading and liquidity partners now!

What Does It Mean for Users?

The integration of Interactive Brokers with TradingView holds significant implications for users:

Availability of Mutual Fund Swaps

This feature allows clients to seamlessly swap part or all of their eligible long mutual fund positions into another fund within the same fund family. However, these funds must be traded in the same currency for the swap to occur. The Mutual Funds Swap feature offers several advantages for clients. 

  • Cost Efficiency: Mutual Funds Swap feature can reduce trading costs by reducing commissions compared to traditional trading methods.
  • Tax Optimisation: Swapping funds within the same family reduces tax consequences for tax-conscious investors.
  • Streamlined Process: Swapping in a single transaction saves time by eliminating the need for multiple steps.

Access to Portfolio Performance Profile

The Portfolio Performance Profile feature addresses recurring issues that users have encountered, ensuring a more reliable and accurate performance analysis. It offers:

  • Accurate Performance Analysis: The Portfolio Performance Profile feature has been updated to address issues with incorrect performance data and inaccurate cash breakdown values, providing more reliable performance analysis.
  • Informed Decision Making:Reliable performance analysis informs investment decisions and helps identify portfolio strengths and weaknesses.
  • Enhanced Usability: The Portfolio Performance Profile feature has improved reliability and usability, resulting in a better user experience in TWS platform for tracking and managing investment portfolios.

About Interactive Brokers

Interactive Brokers is a leading electronic brokerage firm offering a comprehensive range of trading platforms, including the flagship Trader Workstation (TWS) and IBKR Mobile app. Interactive Brokers offers low-cost trading, advanced research tools, and access to 135+ global markets for individual and institutional investors.

Way Forward

The release of Beta Build 10.29 of Interactive Brokers’ TWS platform signifies a significant step forward in enhancing clients’ trading experience. We’ve improved Portfolio Performance Profile and Mutual Funds Swap features for better investment portfolio management. Interactive Brokers invests in refining its platform, providing clients with better performance analysis tools and trading functionalities.

Want to know more financial news? Contact us.