Desktop trading

Our market maker-designed Trader Workstation (TWS) lets traders, investors and institutions
trade stocks, options, futures, forex, bonds, and funds on over 100 markets worldwide
from a single account.

Trader Workstation TWS

Trader Workstation (TWS)

Optimize your trading speed and efficiency with Trader Workstation (TWS). TWS offers the following benefits:

  • A simplified but sophisticated workspace that puts order management, analytics, account monitoring and more at your fingertips.
  • Comprehensive News and Fundamentals subscriptions from leading providers that integrate seamlessly into the TWS workspaces.
  • Real-time account balance and activity monitoring, with a real-time margining system that notifies you of margin deficiencies before liquidation becomes necessary.
  • Task-specific trading tools to enhance efficiency for all trading styles, including the Accumulate/Distribute algo, FXTrader, ScaleTrader, SpreadTrader, OptionTrader and more.
  • Sophisticated, built-in risk management and option pricing applications.
  • An optional Paper Trading account, linked to your production account, which lets you experiment with the full range of TWS features in a simulated environment.

Simplified Workspace

Trader Workstation provides a comprehensive and efficient trading workspace that lets you put all of the essentials at your fingertips.

Mosaic
Advanced Order

Mosaic

Mosaic provides intuitive out-of-the-box usability with quick and easy access to comprehensive trading, order management, chart, watchlist and portfolio tools all in a single, customizable workspace. More...

Advanced Order Management

The Advanced Order Management workspace is always available to traders who need more advanced tools and algos.

News and Research

Subscribe to the Interactive Brokers Information System (IBIS) for a robust arsenal of tools powered by tier-one content providers.

IBIS
  • Subscribe to a variety of news, fundamentals, event calendars and analyst reports, then read the latest headlines in the Daily Lineup summary view before you start your trading day.
  • Stay on top of the markets with IBIS analyst ratings, which provide highlighted activity for companies in your Watchlist, highlighted activity for competitors of your watchlist companies, and upgrade and downgrade details.
  • View option, future, commodity, and index data for over 100 markets.
  • Enjoy powerful technical analytics with IBIS charts, which include three chart types, 22 configurable technical indicators and single-click alert creation.

Real-Time Monitoring

Our real-time monitoring system lets you see the current state of your account at any time to give you the edge you need in changing market conditions. Real-time monitoring features include:

TWS Account Window

View account balances, margin, funds available for trading, market value and portfolio data for all of your products in the customizable, easy-to-read Account window.

Trades

See daily executions as well as net trading activity by symbol in our expandable trade reports.

Profit & Loss

View P&L on your trading screen and in the Account window.

Alerts

Create real-time alerts based on price, time, margin and volume that notify you of important changes in the market.

Margin Requirements

Stay on top of your margin requirements with quick-glance summaries of potential deficiencies that help you avoid liquidation, and try "what if" Portfolio Margining to see your margin requirements using the Portfolio Margining system.

Watchlist

Monitor many contracts at once in a small window that you can move anywhere on your desktop. Create, resize and move multiple named Watchlist windows to fit your own trading style.

Algos and Trading Tools

Different traders have different needs. Our advanced trading tools are custom-designed to enhance your trading environment.

Click the Trading Tools tab above for more details about these and all of Trader Workstation’s trading tools.

Price/Risk Analytics

Our comprehensive suite of sophisticated mathematical risk-assessment and price-measuring tools comes standard with TWS and includes:

Risk Analytics

The IB Risk NavigatorSM

View your portfolio risk across multiple asset classes, and view and assess specific risk slices of your portfolio.

Model Navigator

Modify pricing assumptions and include them in the model price calculation using this sophisticated option model pricing tool.

Option Analytics

Use the Option Analytics window to see values that reflect the rate of change of an option's price with respect to a unit change in each of a number of risk dimensions.

Paper Trading

Practice your trading skills in a simulated trading environment with an Interactive Brokers Paper Trading account. If you currently have an IB account, you can experience the full range of Trader Workstation's trading capabilities in a real-time market environment without risking any of your own money.

PaperTrader

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Interactive Brokers LLC is a member of NYSE, FINRA, SIPC


http://www.interactivebrokers.com/en/p.php?f=tws&p=overview

Trading Tools

Different traders have different needs. Our advanced trading tools are custom-designed to enhance your trading environment.

Risk Management

Our sophisticated risk-assessment technology helps you manage your risk in a dynamic market.

 

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Interactive Brokers LLC is a member of NYSE, FINRA, SIPC


http://www.interactivebrokers.com/en/p.php?f=tws&p=tradingtools

Quotes • Charts • News • Fundamentals
The Interactive Brokers Information System (IBIS) is a comprehensive
news and fundamentals research platform add-on to the TWS.

IBIS

Free Trial

Receive the Research Data Bundle free for the remainder of the calendar month in which you subscribe. At the end of the free trial you will be charged the full monthly fee.

Features include:

  • Premium Newswires: Real-time tradable headlines from Dow Jones, Reuters, theflyonthewall.com, Briefing.com and US Press Releases.
  • Fundamentals: Comprehensive financials, estimates and sell-side analyst stats.
  • Calendars: Earnings and economic indicator schedules with real-time updating actuals.
  • Analyst Research: Morningstar and Zachs Research.
  • Free Newswire*: Reuters Global Real-time tradable news.
  • Thumbnail Charts: Small form-factor tool for display of key indicators.
  • Workspaces: Easy-to-navigate windows snap together to create a custom trading console.

Two Ways to Enjoy
the Benefits of IBIS

IBIS Integrated with TWS

IB customers can subscribe to the IBIS research platform and access it from within TWS.

IBIS Research Platform

Even if you are not an IB customer, you can still take advantage of the low-cost, comprehensive research data offered by IBIS

Daily Lineup

The morning's headlines and upcoming events in a birds-eye summary view.


Daily Lineup

Quotes

Watchlists to monitor multiple tickers, Market Scanners to automatically scan for the top performing contracts, Level II market depth to see the depth of book, plus Time & Sales, Option chains and the Greeks.


Quotes

Charts & Alerts

Display multiple charts including thumbnails with comprehensive technical indicators, customizable time period parameters and on-chart annotations. Set Price, Time, Trade and Volume alerts using the Alerts Wizard.


Charts
Alerts

News

Get real time streaming news for multiple companies, a single company, or by subject.


News
  • Dow Jones Global Equities News – Comprehensive, on-the-spot international stock market news, with exclusive commentary and analysis.
  • Dow Jones Global Market News – Comprehensive news on bond and currency markets, key energy and commodities markets, and real-time coverage of major world events.
  • Dow Jones News Service – More than just reporting events and announcements, Dow Jones News Service provides market statistics, data and calendars, and includes extensive coverage of worldwide markets along with political and economic news.
  • Reuters Global Newswire – Real-time news that you can filter by industry, topic, portfolio, Watchlist and more.
  • Briefing.com – Live coverage of market-moving events. Briefing in Play provides live market coverage, earning coverage and broker research. Briefing in Play Plus includes everything from Briefing in Play and adds enhanced content and customization features. Briefing Trader includes everything from Briefing in Play and adds a host of features for active traders, including trading calls with entry and exit points and technical scans and setups.
  • theflyonthewall.com – Live news feed including Live News, which offers an average of 800 stories, headlines and analyses a day.

Fundamentals

Subscribe to Reuters Worldwide Fundamentals to receive comprehensive, high-quality financial information on thousands of companies worldwide. Get quick access to eight pages of mission-critical data including:

  • Business Summary
  • Financial Statements
  • Analyst Ratings/Forecasts
  • Comparable Companies
  • Dividend Calendar
  • Financial Ratios
  • SEC Filings
  • Insider Trading Report
Fundamentals

Analyst Research

Morningstar Research Reports

  • Morningstar Equity Research Reports - Provide a 1-star to 5-star rating based on their analysts' 'fair value estimate' of how much a company's business is worth per share.
  • Morningstar ETF Research Reports - Evaluate the opportunity of ETFs to build more efficient portfolios ('Portfolio Builders') and the potential to beat the market ('Market Beaters').
  • Morningstar Equity Corporate Credit Rating Reports - Measure the ability of a firm to satisfy its debt and debt-like obligations.
Analyst Research

Zacks Equity Research

  • Zacks Equity Research Reports provides expert quantitative and qualitative analysis for investors on approximately 1,000 U.S. and Canadian traded companies and NYSE traded ADRs, as well as one-page snapshot reports on another 2,900 US companies.
Analyst Research

Events Calendars

For major events, consensus estimates are provided and then actual values are updated within milliseconds of announcement. Reuters StreetEvents Calendars include four calendars of critical events, including:

  • Corporate Earnings
  • Economic Indicators/Events
  • Dividends/Splits
  • IPOs/Secondaries
Events Calendars

Snap-Together Workspaces

It's easy to add windows and redesign your workspace with snap and click elements. Simply click or drag any window element to snap it into your workspace. Grab the anchor window to move the entire workspace.


Snap

Grouping

Link windows and symbol action by color using the grouping blocks, and watch the symbol automatically change in every linked window when you change the symbol in one window.


Quotes

*Free for active accounts. A monthly 7.00 USD fee will be waived whenever the montly commmissions generated in the account reach 30.00 USD

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Interactive Brokers LLC is a member of NYSE, FINRA, SIPC


http://www.interactivebrokers.com/en/p.php?f=tws&p=researchsubscriptions

Popular Products

Use the Popular Products page to help you find the ticker symbol that best reflects a specific product.


Product Try this:
10-year US Treasury Bond yield TNX index on CBOE
5-year bond index FVX index on CBOE
30-year bond index TYX index on CBOE



http://www.interactivebrokers.com/en/p.php?f=tws&p=products

Paper Trading - Simulated trading in real market conditions


PaperTrader

IB PaperTrader

Practice your trading skills in a simulated trading environment with an Interactive Brokers Paper Trading account. If you currently have an IB account, you can experience the full range of Trader Workstation's trading capabilities in a real-time market environment without risking any of your own money.

IB's Paper Trading accounts let you watch how your strategies play out as you develop, practice and perfect the skills you'll need to trade:

  • Learn market dynamics for new exchanges and products.
  • Test new strategies, products, exchanges, order types with prices and account values determined by real-time market conditions – all without risk.
  • Access essential trading tools – real time charts, executions, market depth, option pricing, price risk analytics and more.
  • Practice trading with all the same symbols and features you plan to use for live trading.
  • Access a Paper Account statement every day you trade.
  • Test your IB API (Application Program Interface) trading solutions.

Note:

Paper Trading accounts are only available after your production trading account has been approved and funded.

How It Works

  • The TWS PaperTrader works just like your production account. You can use most IB order types, trade all contracts available through the TWS, and experiment with almost every aspect of the TWS platform.
  • The PaperTrader interface clearly indicates that you are working in a simulated account. If you do not see this, you are trading in your production account and will be liable for all trades that fill.
  • Trades entered into this paper trading account will not actually execute on any exchange or settle at a clearing house. However, the price of your executions will be determined by real market prices and sizes.
  • Trading permissions, market data subscriptions, base currency, and other account configurations are the same as specified for your regular account.
  • A paper trading account statement will be provided each day and is available by logging into Account Management with your PaperTrader login and accessing the Reports menu.
  • All customers will start with USD 1,000,000 of paper trading Equity with Loan Value, and this equity will fluctuate as if the trades had executed in the real market.

  • You may reset your cash equity at any time by accessing Account Management for your paper trading account and selecting Paper Trading Account Reset (in the Trading Access menu in Legacy Account Management, and in the Trade menu in Account Management V2.0). Your account will be reset to the greater of either USD 100,000 or two times the total equity of the user's production account. Note that reset requests should be entered before 16:00 ET in order to take effect for the next business day.

Limitations of the PaperTrader

  • Although the paper trading account simulates most aspects of a production TWS account, you may encounter some differences due to its construction as a simulator with no execution or clearing abilities. These differences include but are not limited to:

  • No support for some order types including: VWAP, Auction, RFQ, and Pegged to Market.
  • Fills are simulated from the top of the book; no deep book access.
  • Limited combo and EFP trading.
  • Stops and other complex order types are always simulated in paper trading; this may result in slightly different behavior from a TWS production account.
  • Penny trading for US Options is not supported. You will be able to submit the order but it will not receive a penny fill.
  • The trade simulator will reject the remainder of any exchange-directed market order that partially executes. This may or may not match behavior of a real-world exchange. Market orders received while there is no quote on the opposite side will be held until the market data arrives (i.e. until the first partial fill).
  • Mutual Fund trading is not supported via IB PaperTrader.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Interactive Brokers LLC is a member of NYSE, FINRA, SIPC


http://www.interactivebrokers.com/en/p.php?f=tws&p=papertrader

Software

Current IB customers who do not want to use the Browser-Based version of Trader Workstation can use the buttons below to download the Standalone version.

To ensure that you are always running the latest version of the Trader Workstation (TWS) and for quickest access, we encourage you to use the Browser-Based version of the TWS available from the top right corner of our website or from this page. Customers with slow internet connections may want to consider downloading the Standalone versions below.

Browser Based Logins

Standalone Downloads

TWS 9443 • N/A • Release Notes
TWS Latest is the most current version that contains all of the newest features. The Latest build is generally updated monthly.
TWS 9369 • Apr 8 2014 • Release Notes
This time-tested version of TWS changes less frequently and offers maximum stability, but does not include all of the newest features.
TWS 9450 • Apr 22 2014 • Release Notes
TWS Beta is released prior to the TWS Latest and includes all of the latest features, but is likely to change before it goes to production as TWS Latest. While its features may change, the TWS Beta is a live, real-time trading environment. The TWS Beta is generally updated monthly.
TWS 9369 • Apr 8 2014 • Release Notes
The Browser-based TWS Full Download runs the latest version and should only be used if you are having problems running the Browser-based TWS with the link at the top.

In order to run any version of TWS you must have the free Java Plugin on your computer which can be downloaded by clicking the button above.
Standalone TWS requires you to download the latest version from the IB website. TWS runs from your PC.
Standalone for the Mac requires you to download the latest version from the IB website. TWS runs from your computer.
Standalone TWS for UNIX requires you to download the latest version from the IB website. TWS runs from your PC.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.

Interactive Brokers LLC is a member of NYSE, FINRA, SIPC


http://www.interactivebrokers.com/en/p.php?f=tws&p=software