Any symbols displayed within these pages are for illustrative purposes only, and are not intended to portray any recommendation.

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2 WebTrader Users' Guide March 2016 WebTrader Versin Interactive Brkers LLC. All Rights Reserved Any symbls displayed within these pages are fr illustrative purpses nly, and are nt intended t prtray any recmmendatin.

3 Cntents Cntents i Getting Started 5 Lgging In 5 Lgging In When There is Already an Active Sessin 7 WebTrader Tabbed Pages 7 Orders 8 Adding Mdules t Tabbed Pages 9 Buttns 9 Bulletins 11 Prtfli News 11 Market Pulse 12 Lgging Out 14 Viewing Market Data 15 The Market Page 15 Delayed and Streaming Market Data 16 Delayed Market Data 16 Streaming Market Data 16 Adding a Ticker 17 Add a Ticker in the Market View 17 Add a Ticker in the Preferences Windw 19 Remving Tickers 22 IB WebTrader Users' Guide i

4 Cntents Remve a Ticker in the Market View 22 Remve a Ticker in the Preferences Windw 23 Changing the Order f Tickers 24 Change the Order f Tickers in the Market View 24 Change the Order f Tickers in the Preferences Windw 25 Adding the BkTrader 26 BkTrader Expert Mde 29 Viewing Charts 29 Change the Chart Type 34 Change the Time Perid 37 Highlight a Specific Data Pint 38 Change the Zm Level 39 Manually Change the Time Scale 41 Scrll Left and Right 42 Managing Orders 45 Order Management Panel 45 Open the Order Management Panel 46 Supprted Order Types 48 Creating an Order 53 Creating an Order n the Market Page 57 Enabling Expert Mde 61 Creating Orders in Expert Mde 63 Advanced Time In Frce Attributes 63 Mdifying an Order 64 IB WebTrader Users' Guide ii

5 Cntents Cancelling an Order 65 Creating a New Order frm an Open, Executed r Canceled Order 66 Creating an Order frm the BkTrader 67 Enabling BkTrader Expert Mde 69 Creating a Spread Order 70 Manually Create a Spread Order n the Spread Tab in the Order Management Panel 70 Create a Spread Order Using a Strategy n the Spread Tab in the Order Management Panel 74 Create a Spread Order frm an Optin Chain 76 Supprted Strategies 81 Viewing Open Orders 83 Viewing Trades 84 Mnitring Yur Accunt 87 Viewing Yur Accunt Balances 87 Viewing Margin Requirements and Trading Limits 90 Viewing Market Value 92 Viewing Psitins 93 Viewing Yur Prtfli 94 Managing Optins 97 Viewing Optin Chains 97 Trading Optins 100 Market Scanners 105 Abut Market Scanners 105 Creating a Market Scanner 111 IB WebTrader Users' Guide iii

6 Cntents Srting Scan Results 114 Using the US Crprate Bnd Scanner 114 Creating an Order frm the Scanner Page 117 Searching fr Cntract Infrmatin 119 Using Simple Search 119 Using Advanced Search 120 Searching fr Indices/ETFs 126 Setting Search Preferences 127 Custmizing WebTrader 129 Adding Prduct Pages 129 Creating Custm Tabbed Pages 132 Setting Preferences 135 Site Preferences 136 Trading Preferences 137 Cntent Preferences 138 Market Data Preferences 140 Custmizing WebTrader Pages 141 Editing Clumns 142 Remving Clumns 143 Adding Clumns 144 Change the Order f Clumns 147 Index 151 IB WebTrader Users' Guide iv

7 1 Getting Started WebTrader is IB's HTML-based trading interface which allws IB custmers t access market data and transmit rders frm behind a firewall where access t TWS may be impssible. IB WebTrader ffers a limited functinality cmpared with TWS, and its simplified interface may be mre appealing t custmers with targeted trading needs. This chapter includes the fllwing tpics: Lgging In Lgging In When There is Already an Active Sessin WebTrader Tabbed Pages Orders Adding Mdules t Tabbed Pages Buttns Bulletins Prtfli News Market Pulse Lgging Out Lgging In T use WebTrader, yur Internet Security and Privacy ptins must be set t the default levels. T check, n the Tls menu select Internet Optins (IE) r Optins (Firefx). On the Security and Privacy tabs, click Default Level if that buttn is active. If the buttn is gray, yu are using the required default levels. T lg int WebTrader 1. Frm the lgin menu in the upper right crner f the IB hme page, select WebTrader frm the drp-dwn list. IB WebTrader Users' Guide 5

8 Chapter 1 Lgging In Yu will als see the WebTrader Beta selectin when available. The beta is a live test versin f the WebTrader applicatin. Yu can lg int beta t test new features, but remember that yu are still trading thrugh yur live IB accunt. 2. Enter yur IB user name and passwrd, then click Lgin. T view WebTrader in anther language, select the language befre yu click Lgin. If yu check the Stre settings n server check bx when yu lg in, any changes yu make t yur preferences, mdes, market view and mre will be saved t a remte server and will be used the next time yu lg int WebTrader regardless f where yu initiate the sessin. Yu can nly be lgged int ne IB trading sessin at a time, including TWS, MbileTrader r WebTrader. If yur sessin clses due t inactivity, this des nt affect any pen rders yu may have pending. T resume trading, click Return t WebTrader n the expiratin page, IB WebTrader Users' Guide 6

9 Chapter 1 Lgging In When There is Already an Active Sessin and lg back in. 3. The first time yu lg int WebTrader, it pens n the Market page, which displays market data fr selected cntracts. On every subsequent lgin, WebTrader pens n the screen that was displayed befre yur last lgut. Use the tabset at the tp f the page t create rders, view executins, mnitr yur accunt status, search fr market centers, view cntract-related fundamental analysis, and create ptin chains. Clicking the exclamatin pint buttn in the upper right crner f the screen displays links t WebTrader Release Ntes in a new brwser windw. Lgging In When There is Already an Active Sessin If yu try t lg int WebTrader and anther WebTrader r TraderWrkstatin sessin with the same username already active n any cmputer, yu can discnnect the ther sessin and begin a new sessin. If this situatin ccurs, a message appears when yu try t lgin. The message displays the IP Address f the ther sessin and OK and Cancel buttns. Click OK in the message bx t discnnect the ther sessin. Click Cancel in the message bx t cancel yur lgin and keep the ther sessin active. WebTrader Tabbed Pages WebTrader displays infrmatin n a series f tabbed pages: Market - displays market data fr selected cntracts. Yu view live market data by adding tickers t the Market View n the Market page. IB WebTrader Users' Guide 7

10 Chapter 1 Orders Accunt - displays many aspects f yur IB accunt, including a summary f imprtant accunt values, yur current margin requirements and trading limits, the current market value f yur prtfli and all yur psitins. Optins - displays ptin chains. Yu can add multilple tabs t the Optins page, ne fr each underlying. Prducts - shws market data and ther mdules fr a specific symbl. Yu can add multiple tabs t the Prducts page, ne fr each symbl. Scanner - lets yu create market scans fr stcks in US and glbal markets by defining scan criteria and viewing scan results. Market Pulse - lets yu view bar charts f current market cnditins arund the wrld. Search - lets yu search IB s database fr infrmatin abut instruments available thrugh ur trading platfrm. Click a tab t pen that page. Orders In additin t tabbed pages, WebTrader includes an expanding and cllapsing Order Management Panel. The Order Management Panel is where yu create and mdify rders, as well as view pen rders and trades. IB WebTrader Users' Guide 8

11 Chapter 1 Adding Mdules t Tabbed Pages Fr mre infrmatin Managing Orders Adding Mdules t Tabbed Pages WebTrader includes a number f functin-specific mdules that yu can add t any tabbed page in WebTrader EXCEPT the Search page: Each WebTrader page has a default setup. Fr example, the Market page displays the Market View mdule by default. Yu add and remve mdules frm any WebTrader tabbed page in the Preferences windw. Fr mre infrmatin Custmizing WebTrader Buttns WebTrader includes several buttns that are displayed in the upper right prtin f the screen. System Buttns IB WebTrader Users' Guide 9

12 Chapter 1 Buttns System buttns are always visible in the upper right crner f the screen. They include: Help link - Opens a windw that displays the Custmer Service address fr WebTrader and links t ur WebTrader web page. Tltips On/Off cntrl - Turns tltips n r ff. Tltips are turned n by default. Lgut buttn - Lgs yu ut f WebTrader. Preferences Buttn The Preferences buttn appears n the right side f the tab bar. Click this buttn t pen the Preferences windw, where yu can set a variety f WebTrader preferences and manage cntent n each WebTrader tabbed page. Edit Buttn Sme tabbed pages and mdules include an Edit buttn, which lets yu edit the data n the page. Fr example, yu click the Edit buttn n the Market page t edit market data tickers r add, remve and change the rder f clumns; in the Market Value and Prtfli mdules yu als use the Edit buttn t edit clumns. On the Optins page and in Scanner results, the Edit buttn lets yu remve clumns. Edit Clumns Buttn IB WebTrader Users' Guide 10

13 Chapter 1 Bulletins The Optins page and Scanner results include an Edit Clumns buttn, which lets yu add, remve and change rder f clumns. Bulletins Frm time t time, IB sends ut imprtant news bulletins. If there are any such bulletins, the [Bulletin] link in the upper right crner f WebTrader will flash red. T read the bulletin, simply click the red flashing [Bulletin] link. The cntents f the bulletin will appear in the Bulletin Messages bx. Prtfli News The Prtfli News mdule displays news stries abut the symbls yu currently hld in yur prtfli. The news feeds that appear in Prtfli News are frm varius surces such as Reuters, Blmberg, et5c. Like ther mdules, yu can add Prtfli news t any tabbed page in WebTrader in the Preferences windw. IB WebTrader Users' Guide 11

14 Chapter 1 Market Pulse Prtfli News cntains tw clumns: tp stries are displayed in the left clumn, and the article details appear in the right clumn, nce yu click a news item. Market Pulse The Market Pulse is a page that displays bar charts shwing current market cnditins n a 15- minute delay. The current market cnditins include the current percent change f representative indices and bnds frm different cuntries as well as freign exchange rates. The Market Pulse will appear when WebTrader first lads after yu lg in.once WebTrader has successfully laded, yu can view the Market Pulse data n its wn Market Pulse tab. IB WebTrader Users' Guide 12

15 Chapter 1 Market Pulse As yu mve yur muse cursr ver the label fr each bar, a ppup pens, displaying the index, bnd r freign exchange rate. IB WebTrader Users' Guide 13

16 Chapter 1 Lgging Out Lgging Out T lg ut f WebTrader 1. Click the X buttn in the upper right crner f the screen. The WebTrader lgin screen appears. IB WebTrader Users' Guide 14

17 2 Viewing Market Data The first time yu lg int WebTrader, it pens n the Market page, which displays market data fr selected cntracts. Yu view live market data by adding tickers t the Market View n the Market page. Depending n yur market data subscriptins, yu can add tickers fr stcks, ptins, futures, futures ptins, Frex, funds, warrants, bnds, CFDs and Structured Prducts. Yu can als view the market value f yur prtfli and yur psitins and place rders n the Market page. This chapter includes the fllwing tpics: The Market Page Delayed and Streaming Market Data Adding a Ticker Remving Tickers Changing the Order f Tickers Adding the BkTrader Viewing Charts The Market Page The Market page displays market data fr selected cntracts, including the Last price, Change in price (red indicates a dwnward change, green indicates an upward change), Size f the last transactin, trading Vlume, Bid Size, Bid Price, Ask price and Ask size. This data autmatically updates every 10 secnds. Fr an immediate update, click Refresh at the tp right side f the table. The Edit buttn lets yu add r remve ticker rws, and edit clumns. Yu can als use the Preferences windw t edit tickers, as well as add nn ticker-related functinality t this page. IB WebTrader Users' Guide 15

18 Chapter 2 Delayed and Streaming Market Data Delayed and Streaming Market Data Bth streaming and delayed market data are available in WebTrader when yu lg in frm the IB website (nt when yu lg in frm within Accunt Management). Delayed Market Data Delayed market data is available fr cntracts fr which yu d nt currently hld market data subscriptins. The next time yu lg int WebTrader, yu will be prmpted t turn n delayed market data fr cntracts fr which yu d nt hld subscriptins. Yur chice will be saved. Yu can turn delayed market data n and ff n the Market Data tab in the WebTrader Preferences windw. S fr example, if yu pted t turn delayed market data n the next time yu lg int WebTrader, yu will be able t turn it ff in the Preferences windw. Streaming Market Data Streaming market data is supprted in the latest web brwsers nly. If yur web brwser des nt supprt streaming market data in WebTrader, yur market data will be refreshed every ten secnds. The current status f yur streaming market data is displayed n the Market Data tab in the Preferences windw. IB WebTrader Users' Guide 16

19 Chapter 2 Adding a Ticker Yu can als set the number f decimal places t display fr streaming market data n n the Market Data tab in the Preferences windw. Neither streaming market data nr the Market Data tab in the Preferences windw is available if yu launch WebTrader frm within Accunt Management. Yu must lg in t WebTrader directly frm the IB website t access these features. Streaming market data is supprted in the latest versins f Firefx, Chrme and Safari web brwers. At this time, it is NOT supprted in any versin f Internet Explrer. Adding a Ticker Yu view market data by adding tickers t the Market View n the Market page. There are tw ways t add tickers t the Market View: Add a Ticker in the Market View Add a Ticker in the Preferences Windw Add a Ticker in the Market View T add a ticker in the Market View 1. In the Market View mdule, click Add Rw (next t the green plus sign at the bttm f the list f tickers). If the plus sign is nt visible, cllapse the Order Management Panel. The cntract lkup bx appears. IB WebTrader Users' Guide 17

20 Chapter 2 Add a Ticker in the Market View 2. In the cntract lkup bx: a. Select an instrument type by clicking the apprpriate tab. b. In the Symbl field, enter an underlying symbl, then click G. c. Fr instrument types ther than stck, define additinal cntract parameters such as right, strike and expiry (if needed). 3. Select the desired cntract frm the drp-dwn list. The ticker is added t the bttm f the ticker list. 4. Cntinue t add tickers as desired. If yu dn't see market data fr yur new symbl(s) when yu return t Market View, click the Refresh buttn. T remve tickers r change the rder f tickers directly in the Market View, use the Edit buttn. Fr mre infrmatin IB WebTrader Users' Guide 18

21 Chapter 2 Add a Ticker in the Preferences Windw Remving Tickers Changing the Order f Tickers Add a Ticker in the Preferences Windw T add a ticker in the Preferences Windw 1. Click the Preferences buttn. The Preferences windw pens t the Cntent tab. The current WebTrader page (the page n which yu clicked the Preferences buttn) is highlighted in the Current Tabs sectin, and the mdules currently displayed n that page are shwn in the Mdules Enabled sectin. 2. Select the Market View mdule in the Mdules Enabled sectin. A list f cntracts appears n the right. IB WebTrader Users' Guide 19

22 Chapter 2 Add a Ticker in the Preferences Windw 3. Click Add New Cntract. The cntract lkup bx appears. IB WebTrader Users' Guide 20

23 Chapter 2 Add a Ticker in the Preferences Windw 4. In the cntract lkup bx: 5. Select an instrument type by clicking the apprpriate tab. In the Symbl field, enter an underlying symbl, then click G. Fr instrument types ther than stck, define additinal cntract parameters such as right, strike and expiry (if needed). 6. Select the desired cntract frm the drp-dwn list. The cntract is added t the Manage Current Cntracts list. IB WebTrader Users' Guide 21

24 Chapter 2 Remving Tickers 7. Cntinue t add tickers as desired. 8. Yu can als remve tickers frm the Market View n this screen by clicking the red minus sign fr each cntract yu want t remve. The cntracts are remved immediately. 9. Yu can als change the rder f the tickers by clicking and dragging a cntract by the handle icn lcated n the right side f the cntract (the handle lks like three stacked hrizntal lines) t a new psitin in the list. Release the muse when the ticker is in the desired psitin. 10. Click Save and Dismiss t clse the Preferences windw. The ticker(s) yu added appear at the bttm f the ticker list. If yu dn't see market data fr yur new symbl(s) when yu return t Market View, click the Refresh buttn. Remving Tickers Yu can remve a ticker frm the Market View mdule when yu n lnger want t receive realtime market data fr that cntract. There are tw ways t remve tickers frm the Market View mdule: Remve a Ticker in the Market View Remve a Ticker in the Preferences Windw Remve a Ticker in the Market View T remve a ticker in the Market View IB WebTrader Users' Guide 22

25 Chapter 2 Remve a Ticker in the Preferences Windw 1. Click the Edit buttn n the right side f the Market View mdule. The Edit buttn changes t a Dne buttn. 2. Click the red minus sign next t each ticker yu want t remve. The minus sign changes t a Delete buttn. 3. Click the Delete buttn next t each ticker yu want t remve. The tickers are remved immediately. 4. Click the Dne buttn. Remve a Ticker in the Preferences Windw T remve a ticker in the Preferences windw 1. Click the Preferences buttn. IB WebTrader Users' Guide 23

26 Chapter 2 Changing the Order f Tickers The Preferences windw pens t the Cntent tab. The current WebTrader page (the page n which yu clicked the Preferences buttn) is highlighted in the Current Tabs sectin, and the mdules currently displayed n that page are shwn in the Mdules Enabled sectin. 2. Select the Market View mdule in the Mdules Enabled sectin. A list f cntracts appears n the right. 3. Click the red minus sign next t each ticker yu want t remve. The minus sign changes t a Delete buttn. 4. Click Save and Dismiss when yu are finished remving tickers. Changing the Order f Tickers Yu can change the rder f tickers in the Market View mdule. Fr example, yu might want t change the ticker rder if yu want t see different tickers displayed at the tp f the page. There are tw ways t change the rder f tickers: Change the Order f Tickers in the Market View Change the Order f Tickers in the Preferences Windw Change the Order f Tickers in the Market View T change the rder f tickers in the Market View 1. Click the Edit buttn n the right side f the Market View mdule. The Edit buttn changes t a Dne buttn. IB WebTrader Users' Guide 24

27 Chapter 2 Change the Order f Tickers in the Preferences Windw 2. Mve a ticker by clicking and dragging it by the handle icn lcated n the right side f the cntract (the handle lks like three stacked hrizntal lines) t a new psitin in the list. Release the muse when the ticker is in the desired psitin. 3. Click the Dne buttn. Change the Order f Tickers in the Preferences Windw T change the rder f tickers in the Preferences windw 1. Click the Preferences buttn. The Preferences windw pens t the Cntent tab. The current WebTrader page (the page n which yu clicked the Preferences buttn) is highlighted in the Current Tabs sectin, and the mdules currently displayed n that page are shwn in the Mdules Enabled sectin. 2. Select the Market View mdule in the Mdules Enabled sectin. A list f cntracts appears n the right. IB WebTrader Users' Guide 25

28 Chapter 2 Adding the BkTrader 3. Mve a ticker by clicking and dragging it by the handle icn lcated n the right side f the cntract (the handle lks like three stacked hrizntal lines) t a new psitin in the list. Release the muse when the ticker is in the desired psitin. 4. Click Save and Dismiss when yu are finished mving tickers. Adding the BkTrader The BkTrader feature allws yu t view deep bk data fr a selected cntract, and create and transmit rders. Yu can add the BkTrader t any page in WebTrader using the Preferences windw except Search. Yu can create rders frm the BkTrader. See Creating an Order frm the BkTrader fr mre infrmatin. T add the BkTrader t any page 1. Frm any page in WebTrader, click the Preferences buttn. The Preferences windw pens t the Cntent tab. In the figure belw, the Market page is the currently selected tab and the Mdules Enabled list shws that nly the Market View mdule is enabled n that page. IB WebTrader Users' Guide 26

29 Chapter 2 Adding the BkTrader 2. In the Click the Add Mdules sectin, click BkTrader. The BkTrader mdule is added t the Mdules Enabled list. 3. Yu can add a symbl t BkTrader in the Preferences windw r frm the BkTrader mdule itself. Click BkTrader in the Mdules Enabled list t highlight it, then click Add New Cntract. IB WebTrader Users' Guide 27

30 Chapter 2 Adding the BkTrader T remve symbls frm the mdule, click the minus sign n the cntract in the Manage Current Cntracts list. 4. Click Save and Dismiss in the lwer right crner f the windw t save yur changes and clse the Preferences windw. 5. T change the symbl in the BkTrader mdule nce it is displayed n the page, click Edit. 6. T change the exchange, use the Select Exchange drp-dwn. 7. In the bx that appears, select a cntract. Fr instrument types ther than stck, define IB WebTrader Users' Guide 28

31 Chapter 2 BkTrader Expert Mde additinal cntract parameters such as right, strike and expiry (if needed). 8. Apply additinal settings in the BkTrader mdule: Click Re-center t keep the best bid/ask price r last traded price always visible in the center f the BkTrader screen. Change the default size by editing the number in the Default Size field. Nte that this is als defined fr each instrument type n the Trading Preferences tab in the Preferences windw. Select a different exchange frm the Select Exchange drp-dwn. BkTrader Expert Mde Yu can create rders frm the BkTrader. T activate single-click rder transmissin in the BkTrader, yu must turn n BkTrader Expert Mde. Turn BkTrader Expert Mde n and ff directly in the BkTrader mdule by clicking the apprpriate radi buttn, r n the Trading Preferences tab in the Preferences windw. Fr mre infrmatin Creating an Order frm the BkTrader Viewing Charts Interactive Flash-based charts let yu view market value and vlume fr a single stck, future r index fr ne f seven time perids (1 r 5 days, 1, 3 r 6 mnths, 1 r 5 years). Yu can select ne f three chart types (line, OHLC and candlestick) and zm int the data t view a prtin f the time perid using an interactive slider built int the chart. Yu can add an interactive chart t any page in WebTrader using the Preferences windw except Search. Interactive charts let yu d any the fllwing: Yu must have Adbe Flash Versin 9.0 r higher t view interactive charts. IB WebTrader Users' Guide 29

32 Chapter 2 Viewing Charts T add a chart t a page 1. Frm any page in WebTrader, click the Preferences buttn. The Preferences windw pens t the Cntent tab. In the figure belw, the Market page is the currently selected tab and the Mdules Enabled list shws that nly the Market View mdule is enabled n that page. 2. In the Click the Add Mdules sectin, click Chart. The Chart mdule is added t the Mdules Enabled list. IB WebTrader Users' Guide 30

33 Chapter 2 Viewing Charts 3. Yu add a symbl t the Chart mdule in the Preferences windw. ClickChart in the Mdules Enabled list t highlight it, then click Add New Cntract. T remve symbls frm the mdule, click the minus sign n the cntract in the Manage Current Cntracts list. IB WebTrader Users' Guide 31

34 Chapter 2 Viewing Charts 4. Click Save and Dismiss in the lwer right crner f the windw t save yur changes and clse the Preferences windw. The Chart mdule displays n the page. 5. T change the cntracts in Reuters News nce it is displayed n the page, click Edit, then use the cntract lkup bx. The Chart mdule appears n the page. 6. In the Chart mdule, select a time perid and chart type frm the drp-dwn lists. The default time perid is 1d and the default chart type is Line. The interactive chart displays. IB WebTrader Users' Guide 32

35 Chapter 2 Viewing Charts An interactive chart includes the fllwing infrmatin: Tw charts that use the same Time perid: Market Value ver Time Vlume ver Time Zm buttns let yu change the time perid. The date and time, price and vlume fr the data pint are displayed when yu mve yur muse cursr ver the chart. IB WebTrader Users' Guide 33

36 Chapter 2 Change the Chart Type The scrller at the bttm f the chart highlights the data displayed in the line charts and lets yu manually change the time scale. Yu can mdify the chart by entering a different symbl r by changing the instrument type, time perid and chart type. Change the Chart Type By default, any chart yu add in WebTrader is displayed as a line chart. Yu can change the chart type t OHLC (pen, lw, high, clse) r Candlestick. When yu change the chart type, the Zm level is reset t MAX. T change the chart type, select a type frm the Chart Type drp-dwn list as shwn in the figure belw. The fllwing three figures shw a ne-mnth chart with the same Zm level (ne week) but different chart types. Line chart: IB WebTrader Users' Guide 34

37 Chapter 2 Change the Chart Type IB WebTrader Users' Guide 35

38 Chapter 2 Change the Chart Type OHLC chart: Candlestick chart: IB WebTrader Users' Guide 36

39 Chapter 2 Change the Time Perid Change the Time Perid Yu can change the time perid f a chart t any f the fllwing using the Time Perid drpdwn list (d=days, m=mnths, y-years): 1d 5d 3m 6m 1y 5y IB WebTrader Users' Guide 37

40 Chapter 2 Highlight a Specific Data Pint T change the time perid, select a perid frm the Time Perid drp-dwn list as shwn in the figure belw. Highlight a Specific Data Pint Highlight a specific data pint n bth Market Value and Vlume charts simultaneusly by mving the muse ver the chart. A ppup appears with infrmatin abut the data pint, including the time and date, price and vlume. IB WebTrader Users' Guide 38

41 Chapter 2 Change the Zm Level Change the Zm Level Use the Zm buttns abve the chart t autmatically change the time scale. View data fr the maximum time perid currently available, r zm in t view data fr smaller time perids as indicated by the Zm buttns. By default, a chart displays data fr the maximum time perid (the MAX buttn is selected). Click ne f the ther Zm buttns t change the time perid. The fllwing figures shw the same line chart with a six-mnth time perid, with the Zm set t ne week, ne mnth and three mnths, respectively. Nte that the scrller sectin at the bttm f the chart highlights the prtin f the data currently displayed in the main line charts. One Week IB WebTrader Users' Guide 39

42 Chapter 2 Change the Zm Level One Mnth Three Mnths IB WebTrader Users' Guide 40

43 Chapter 2 Manually Change the Time Scale Manually Change the Time Scale The scrller sectin at the bttm highlights the prtin f the data displayed in the main line chart. Mve yur muse ver the scrller sectin t display handles at the uter bundaries f the sectin highlighted in blue. Yu can nw drag ne f the handles t manually change the time scale. Fr example, the fllwing figure shws a line chart with the time scale being manually changed frm three mnths. Nte that the muse cursr changes t a duble-sided arrw when yu drag a handle. IB WebTrader Users' Guide 41

44 Chapter 2 Scrll Left and Right Scrll Left and Right Scrll the chart left and right by dragging yur muse anywhere in the chart, r by dragging the highlighted sectin in the scrller. IB WebTrader Users' Guide 42

45 Chapter 2 Scrll Left and Right IB WebTrader Users' Guide 43

46 IB WebTrader Users' Guide 44

47 3 Managing Orders Depending n the trading permissins assciated with yur accunt, yu can create rders in WebTrader fr stcks, ptins, futures, futures ptins, Frex, funds, warrants and bnds. Yu can create rders frm any page in WebTrader using the Order Management Panel. WebTrader supprts a variety f rder types, including Limit, Market, Stp, Stp Limit, Trailing Stp, Discretinary and Bracket rders. This chapter includes the fllwing tpics: Order Management Panel Supprted Order Types Creating an Order Creating an Order n the Market Page Enabling Expert Mde Advanced Time In Frce Attributes Mdifying an Order Canceling an Order Creating a New Order frm an Open, Executed r Canceled Order Creating an Order frm the BkTrader Creating a Spread Order Viewing Open Orders Viewing Trades Order Management Panel Yu create and submit rders n the Order Management Panel, which is available n any page in WebTrader. Yu can shw r hide the Order Management Panel by clicking the title [Order Management] r the blue arrw n the left side f the title bar f the panel. Any panel r item in WebTrader that displays a small blue arrw can be expanded r cllapsed. IB WebTrader Users' Guide 45

48 Chapter 3 Open the Order Management Panel The Order Management Panel cntains three main tabs: New Order - Create rders n this tab. The New Order tab cntains tabs fr IB s asset types (Stcks, Optins, Futures, etc). Yu can create rders by clicking the apprpriate asset type tab, filling in the rder fields, then submitting the rder. Orders - Check the status f any rder n this tab. Yu can view nly pen rders r all rders, yu can cancel rders and yu can create rders frm executed r canceled rders n the Orders tab. Trades - View executin reprts in list r summary frmat n this tab. Open the Order Management Panel T pen the Order Management Panel 1. On any tabbed page in WebTrader, click the title [Order Management] r the blue arrw n the left side f the Order Management Panel title bar. IB WebTrader Users' Guide 46

49 Chapter 3 Open the Order Management Panel The Order Management Panel expands t fill the bttm half f the screen. 2. Expand the Order Management Panel t fill the entire WebTrader page by clicking the duble-arrw n the right side f the panel s title bar. Click the duble arrws t expand the panel t full page height. Click the duble arrws t cllapse the panel back t half-page height. IB WebTrader Users' Guide 47

50 Chapter 3 Supprted Order Types 3. T clse the Order Management Panel, click the title [Order Management] r the blue arrw n the left side f the panel s title bar. The panel cllapses. Supprted Order Types WebTrader supprts the fllwing basic rder types: Order Type Limit Market Stp Stp Limit Limit- n- Clse Steps Select LMT frm the Order Type drp-dwn in the Order Management Panelin the Order Management Panel, then enter a limit price. Select MKT frm the Order Type drp-dwn in the Order Management Panel. Select STP frm the Order Type drp-dwn in the Order Management Panel, then enter a stp price. Select STP LMT frm the Order Type drp-dwn in the Order Management Panel, then enter a limit price and a stp trigger price (in the Stp Price field). Select LOC frm the Order Type drp-dwn in the Order Management Panel, then enter a limit price. IB WebTrader Users' Guide 48

51 Chapter 3 Supprted Order Types Market- n- Clse Trailing Stp Trailing Stp Limit Select MOC frm the Order Type drp-dwn in the Order Management Panel. Select TRAIL frm the Order Type drp-dwn in the Order Management Panel, then enter the stp price and trailing amunt in the apprpriate fields. Select TRAIL LIMIT frm the Order Type drp-dwn in the Order Management Panel. Enter the limit price, stp price, trailing amunt and limit ffset amunt in the apprpriate fields. In additin, yu can set the Time in Frce fr any rder t ne f the fllwing: TIF Descriptin Steps Day Gd-til- Canceled A Day rder is canceled if it des nt execute by the clse f the trading day. Unless therwise specified, every rder is a Day rder. A Gd-Til-Canceled rder will cntinue t wrk within the system and in the marketplace until it executes r is canceled. GTC rders will be autmatically be cancelled if a crprate actin n a security results in an exchange r distributin f shares, r if yu d nt lg in t yur IB accunt fr 90 days. Select DAY frm the TIF (Time-in- Frce) drpdwn in the Order Management Panel. Select GTC frm the TIF (Time-in- Frce) drpdwn in the Order Management Panel. Immediate Any prtin f an Immediate-r-Cancel Select IB WebTrader Users' Guide 49

52 Chapter 3 Supprted Order Types r Cancel Market-n- Open Limit-n- Open rder that is nt filled as sn as it becmes available in the market will be canceled. This is a market rder that is autmatically submitted at the market's pen and fills at the market price. This is a limit rder submitted at the market's pen. The rder must execute at the limit price r better. IOC frm the TIF (Time-in- Frce) drpdwn in the Order Management Panel. Select OPG frm the TIF (Time-in- Frce) drpdwn in the Order Management Panel and MKT as the Order Type. Select OPG frm the TIF (Time-in- Frce) drpdwn in the Order Management Panel and LMT as the Order Type. IB WebTrader Users' Guide 50

53 Chapter 3 Supprted Order Types Yu can als add the fllwing rder attributes t any rder by clicking the green plus sign (+) n the left side f the Orders tab in the Order Management Panel, then selecting the apprpriate check bx in the ppup windw and clsing the ppup windw. Order Attribute Discretinary Attach Aut Trailing Stp Attach Bracket Order Descriptin A Discretinary rder is a limit rder with a defined amunt ff the limit price (fr example $.05) which may be used t increase the price range ver which the limit rder is eligible t execute. Attaches attach a trailing stp rder t a limit rder. The attached trailing stp rder is autmatically activated when the limit rder is filled. Turns an rder int a Bracket rder. Bracket rders are designed t limit yur lss and lck in a prfit by "bracketing" an rder with tw ppsite-side Steps Click the green plus sign n the Orders tab, select the Discretinary check bx in the ppup windw, clse the ppup windw, then enter the discretinary amunt in the Discr Amt field. Click the green plus sign n the Orders tab, select the Attach Aut Trailing Stp check bx in the ppup windw, clse the ppup windw, then enter the trailing amunt and ther infrmatin abut the attached rder in the apprpriate fields. Click the green plus sign n the Orders tab, select the Attach Bracket Order check bx in the ppup IB WebTrader Users' Guide 51

54 Chapter 3 Supprted Order Types Fill Outside Regular Trading Hurs rders. A buy rder is bracketed by a high-side sell limit rder and a lw-side sell stp (r stp-limit) rder. A sell rder is bracketed by a high-side buy stp (r stplimit) rder and a lw side buy limit rder. Instructs the system t fill the rder utside f regular trading hurs. windw, clse the ppup windw, then enter infrmatin abut the rders in the apprpriate fields. Select the FORTH (Fill Outside Regular Trading Hurs) check bx. Display this check bx by selecting Shw Order Time Attributes frm the drp-dwn in the right crner f the Orders tab in the Order Management Panel. IB WebTrader Users' Guide 52

55 Chapter 3 Creating an Order Click the Shw Order Time Attributes ptin frm the drp-dwn in the right crner f the Orders tab in the Order Management Panel t display Advanced Time In Frce Attributes. Advanced Time in Frce Attributes let yu set the Time in Frce t ne f the fllwing: Attribute Descriptin Steps Gd- after- Time/Date Gd-til- Date An rder that uses the gd after time/date field is held in the IB system and submitted t the market n the date and time yu specify. Lets yu select an expiratin date and time up until which an rder will cntinue t wrk. Nte that if yu nly enter a gd-till date, the unfilled rder will cancel at the clse f the market n the specified day. Enable Advanced Time in Frce attributes by clicking Shw Order Time Attributes in the drp-dwn in the right crner f the Orders tab in the Order Management Panel, then create an rder. Select GAT in the TIF field, then enter start and end times and dates in the Start Time and End Time fields. Use the Calendar icn t quickly select a time and date. Enable Advanced Time in Frce attributes by clicking Shw Order Time Attributes in the drp-dwn in the right crner f the Orders tab in the Order Management Panel, then create an rder. Select GTD in the TIF field, then enter start and end times and dates in the Start Time and End Time fields. Use the Calendar icn t quickly select a time and date. Creating an Order Yu can create an rder n any WebTrader page using the Order Management panel. In additin, yu can add rder attributes f Trailing Stp, Discretinary and Bracket t expand the rder types. IB WebTrader Users' Guide 53

56 Chapter 3 Creating an Order Yu can als create an rder n the Market, Optin, Scanner r any Prduct page yu create by clicking the Bid r Ask price f a cntract. T create an rder n any WebTrader page 1. Click the blue arrw r the title [Order Management] in the Order Management Panel title bar. The Order Management Panel expands t fill the bttm half f the screen. 2. In the Order Management panel, click the New Order tab. 3. On the New Order tab, select an asset type by clicking the apprpriate tab (Stck, Optin, Futures, etc). IB WebTrader Users' Guide 54

57 Chapter 3 Creating an Order 4. In the Symbl field, enter a symbl, then click the G buttn, press the Tab r press the Enter key. A list f available cntracts appears in a drp-dwn list. 5. Click the cntract fr which yu want t place an rder. 6. Enter the rest f the rder parameters in the fields prvided, including: Actin - Buy r Sell. Quantity - number f units in the rder. Limit Price - fr Limit and Stp Limit rders. Stp Price - fr Stp and Stp Limit rders, the price that must be penetrated t initiate the rder. Order Type - Limit, Market, Stp, Stp Limit, Limit-n-Clse, Market-n-Clse, Trailing Stp, r Trailing Stp Limit. TIF - Day, GTC, IOC r OPG. A Day rder cntinues t wrk until it executes r the market clses. GTC (gd 'til cancelled) rder cntinues t wrk until it executes r is cancelled. An IOC (Immediate-r-Cancel) rder instructs the system t cancel any prtin f the rder that is nt filled immediately. An OPG time in frce is used with a Limit rder t indicate a Limit-n-Open rder, r with a Market rder t indicate a Market-n- IB WebTrader Users' Guide 55

58 Chapter 3 Creating an Order Open rder. If yu have enabled Advanced Time In Frce Attributes n the Preferences page r by selecting Advanced Time in Frce frm the drp-dwn in the upper right crner f the New Order tab, the Start Time and End Time fields are added t the rder fieldsand yu can select GAT fr a Gd-after-Time/Date rder, r GTD fr a Gd-til-Date rder. Be sure t select yur time zne in the Advanced Time in Frce sectin f the Preferences page r the default time zne fr the Start Time and End Time field will be GMT. Fill Outside RTH - Selecting this check bx allws the rder t fill r trigger utside f regular huse (as well as during regular trading hurse) if the rder is eligible t d s. Exchange - select SMART t get the best executin, r chse t direct-rute t a single exchange by chsing frm the list. Yu can delete the rder befre yu submit r preview it by clicking the Clear buttn. 7. Yu can add attributes t yur rder nce yu enter a symbl by clicking the green plus sign (+) lcated n the left side f the rder fields, then selecting the apprpriate check bx in the ppup windw. Be sure t click the X buttn t clse the ppup windw. Discretinary - Selecting this check bx adds the Discr Amt field t the rder parameters. Enter the discretinary amunt in this field. IB WebTrader Users' Guide 56

59 Chapter 3 Creating an Order n the Market Page Attach Aut Trailing Stp - Selecting this check bx adds a trailing stp rder t displayed rder. Yu can mdify the Actin, Limit Price, TIF r Exchange fr the trailing stp rder. Attach Bracket Order - Adds tw rders t yur riginal rders t frm a bracket rder, and adds the Electin Price field t the third rder in the bracket. Yu can mdify the Actin, Limit Price, TIF r Exchange fr the secnd and third rder in the bracket, and the Electin Price fr the third rder. 8. Click Preview Order. The rder preview shws the amunt f the trade, the cmmissin, and what yur ttal initial and maintenance margin and ttal Equity with Lan Value will be if the trade is executed. 9. Click Mdify Order t further mdify the rder, r Submit Order t transmit the rder. If yu have Expert Mde turned n (enabled n the Preferences page), yu can submit the rder withut previewing it. Creating an Order n the Market Page Yu can create an rder n the Market page (and the Optin, Scanner and any Prduct page yu create) by clicking the Bid r Ask price in the Market View. Yu can als create rders fr cntracts that d nt appear n the Market page by expanding the Order Management panel. T create an rder n the Market page 1. Click a price t create an rder. IB WebTrader Users' Guide 57

60 Chapter 3 Creating an Order n the Market Page Click a price in the Bid clumn t create a SELL limit rder at the selected price. Click a price in the Ask clumn t create a BUY limit rder at the selected price. The Order Management Panel expands autmatically and pens the asset type tab assciated with yur rder (Stck, Optin, etc). Yu can als create an rder frm any page in WebTrader by pening the Order Management Panel, then selecting the desired asset type tab n the Orders tab. 2. In the Order Management Panel, mdify any necessary parameters including: Actin - Buy r Sell. Quantity - number f units in the rder. Symbl - the symbl yu want t rder. This is autmatically filled in if yu created the rder by clicking the Bid r Ask price f a cntract in the Market View. Yu can enter r change the symbl by typing in the Symbl field; clicking the G buttn, pressing the Tab key r pressing the Enter key; then selecting the symbl frm the drp-dwn search results. Limit Price - fr Limit and Stp Limit rders. Stp Price - fr Stp and Stp Limit rders, the price that must be penetrated t initiate the rder. Order Type - Limit, Market, Stp, Stp Limit, Limit-n-Clse, Market-n-Clse, Trailing Stp, r Trailing Stp Limit. IB WebTrader Users' Guide 58

61 Chapter 3 Creating an Order n the Market Page TIF - Day, GTC, IOC r OPG. A Day rder cntinues t wrk until it executes r the market clses. GTC (gd 'til cancelled) rder cntinues t wrk until it executes r is cancelled. An IOC (Immediate-r-Cancel) rder instructs the system t cancel any prtin f the rder that is nt filled immediately. An OPG time in frce is used with a Limit rder t indicate a Limit-n-Open rder, r with a Market rder t indicate a Market-n- Open rder. If yu have enabled Advanced Time In Frce Attributes n the Preferences page r by selecting Advanced Time in Frce frm the drp-dwn in the upper right crner f the New Order tab, the Start Time and End Time fields are added t the rder fieldsand yu can select GAT fr a Gd-after-Time/Date rder, r GTD fr a Gd-til-Date rder. Be sure t select yur time zne in the Advanced Time in Frce sectin f the Preferences page r the default time zne fr the Start Time and End Time field will be GMT. Fill Outside RTH - Selecting this check bx allws the rder t fill r trigger utside f regular huse (as well as during regular trading hurse) if the rder is eligible t d s. Exchange - select SMART t get the best executin, r chse t direct-rute t a single exchange by chsing frm the list. Yu can delete the rder befre yu submit r preview it by clicking the Clear buttn. 3. Yu can add attributes t yur rder by clicking the green plus sign (+) lcated n the left side f the rder fields, then selecting the apprpriate check bx in the ppup windw. Be IB WebTrader Users' Guide 59

62 Chapter 3 Creating an Order n the Market Page sure t click the X buttn t clse the ppup windw. Discretinary - Selecting this check bx adds the Discr Amt field t the rder parameters. Enter the discretinary amunt in this field. Attach Aut Trailing Stp - Selecting this check bx adds a trailing stp rder t displayed rder. Yu can mdify the Actin, Limit Price, TIF r Exchange fr the trailing stp rder. Attach Bracket Order - Adds tw rders t yur riginal rders t frm a bracket rder, and adds the Electin Price field t the third rder in the bracket. Yu can mdify the Actin, Limit Price, TIF r Exchange fr the secnd and third rder in the bracket, and the Electin Price fr the third rder. 4. Click Preview Order. The rder preview shws the amunt f the trade, the cmmissin, and what yur ttal initial and maintenance margin and ttal Equity with Lan Value will be if the trade is executed. IB WebTrader Users' Guide 60

63 Chapter 3 Enabling Expert Mde 5. Click Mdify Order t further mdify the rder, r Submit Order t transmit the rder. If yu have Expert Mde turned n (enabled n the Preferences page), yu can submit the rder withut previewing it. Enabling Expert Mde Expert Mde allws yu t quickly create and place rders withut having t preview them. Yu enable Expert Mde n the Trading Preferences tab in the Preferences windw. T enable Expert Mde 1. Click the Preferences buttn. 2. Click the Trading Preferences tab. 3. Click General. 4. Click On r Off t enable r disable Expert Mde. IB WebTrader Users' Guide 61

64 Chapter 3 Enabling Expert Mde 5. Click Save and Dismiss. A Submit Order buttn is added t the Order Management Panel, allwing yu t quickly transmit rders. IB WebTrader Users' Guide 62

65 Chapter 3 Creating Orders in Expert Mde Creating Orders in Expert Mde The steps t create an rder with Expert Mde turned n are the same as when Expert mde is turned ff. The nly difference is that yu d nt have t preview the rder befre transmitting it. Yu can click the Submit Order buttn frm the Order Management Panel as sn as yu create the rder and enter all the required parameters. Advanced Time In Frce Attributes Advanced Time in Frce attributes, when enabled, add the Start Time and End Time fields and GAT (Gd-after-Time/Date) and GTD (Gd-til-Date) t the TIF field in the Order Management Panel. Advanced Time in Frce attributes als add Start Time and End Time attributes t pen rders. Yu enable and disable Advanced Time in Frce Attributes either n the Preferences tab r n the Orders tab f the Order Management Panel. T enable/disable Advanced Time in Frce Attributes 1. D ne f the fllwing: On the Preferences tab, select the On radi buttn, then select yur lcal time zne frm the Time Zne drp-dwn list in the Advanced Time in Frce Attributes sectin f the page. Scrll dwn t the bttm f the page and click Save. If yu d nt set yur Time Zne n the Preferences page, the Start Time and End Time fr yur rders will be GMT. On a per-rder basis, select Advanced Time In Frce frm the drp-dwn in the upper IB WebTrader Users' Guide 63

66 Chapter 3 Mdifying an Order right crner f the New Orders tab in the Order Management Panel. The Start Time and End Time fields are added t the New Order tab. 2. T disable Advanced Time in Frce attributes, select Simple Order Rules frm the drpdwn in the upper right-crner f the New Orders tab in the Order Management Panel; r n the Preferences page, select the On radi buttn in the Advanced Time in Frce Attributes sectin. Mdifying an Order Yu can mdify parameters fr any rder that hasn't executed. IB WebTrader Users' Guide 64

67 Chapter 3 Cancelling an Order T mdify an rder 1. Frm the Orders tab in the Order Management Panel, click the Preview Order buttn. 2. Change the rder parameters as required, then preview the rder again befre submitting it. Nte that if yu have Ex pert Mde turned n, yu can submit the rder withut previewing it. Cancelling an Order Yu can cancel any rders that have nt yet executed frm the Orders tab in the Order Management Panel. T cancel an rder that has nt yet executed 1. In the Order Management Panel, click the Orders tab. The Orders tab displays nly Open Orders r All Orders, depending n which ptin is selected in the drp-dwn list lcated in the upper right crner f the panel. IB WebTrader Users' Guide 65

68 Chapter 3 Creating a New Order frm an Open, Executed r Canceled Order 2. Cancel an pen rder by clicking the cancel buttn n the rder rw. 3. Cancel all pen rders by clicking the [Cancel All Open] link. 4. Yu can als d any f the fllwing: Mdify an pen rder by clicking the mdify buttn n the rder rw. Create a new rder frm an pen rder by clicking the new buttn n the rder rw. 5. T display all rders, including executed and canceled rders, select All Orders frm the drp-dwn list in the upper right crner f the panel. Creating a New Order frm an Open, Executed r Canceled Order Yu can create a new rder frm any pen, executed r canceled rder n the Orders tab in the Order Management Panel. IB WebTrader Users' Guide 66

69 Chapter 3 Creating an Order frm the BkTrader T create a new rder frm an pen, executed r canceled rder 1. In the Order Management Panel, click the Orders tab. The Orders tab displays nly Open Orders r All Orders, depending n which ptin is selected in the drp-dwn list lcated in the upper right crner f the panel. 2. Display all rders, including executed and canceled rders, select All Orders frm the drp-dwn list in the upper right crner f the panel. 3. Create a new rder frm an pen rder by clicking the new buttn n the rder rw. Creating an Order frm the BkTrader The BkTrader allws yu t view deep bk data fr a selected cntract, and create and transmit rders with a single click. T activate single-click rder transmissin yu must turn n IB WebTrader Users' Guide 67

70 Chapter 3 Creating an Order frm the BkTrader BkTrader Expert Mde. Use BkTrader t trade stcks, ptins, futures, futures ptins and bnds. Yu can place rders frm the BkTrader in any f the fllwing ways: T create an rder frm the BkTrader 1. Add the BkTrader t the Market page. Yu can als add the BkTrader t the Orders, Executins, Accunt, Optins and Prducts pages. 2. Enter the underlying symbl, select an instrument type and click G! Chse a cntract frm the list. Fr instrument types ther than stck, define additinal cntract parameters such as right, strike and expiry (if needed). 3. If desired, mdify the default rder size. If yu use instantaneus transmissin, the default rder size is used. Yu can't change the rder quantity n a per-rder basis fr singleclick rders. 4. Optinally, activate single-click rder transmissin by clicking the On radi buttn next t BkTrader Expert Mde. T activate expert mde, yu need t accept the terms and risks f using single-click rder transmissin by checking OK in the message bx. 5. Click a price in the BkTrader t create an rder. 6. Click a price in the Bid clumn t create a BUY limit rder at the selected price. 7. Click a price in the Ask clumn t create a SELL limit rder at the selected price. 6. D ne f the fllwing: With Expert Mde turned ff, mdify the rder parameters (Actin, Quantity, etc.) as required, then click Preview Order. Click Mdify Order t further mdify the rder, r Submit Order t transmit the rder. With Expert Mde turned n, mdify the rder parameters (Actin, Quantity, etc.) as required, then click Submit Order. With BkTrader Expert Mde turned n, the rder is transmitted as sn as yu click the Bid r Ask price. Yu dn t need t d anything else t place the rder. IB WebTrader Users' Guide 68