3rd Party Software that Executes IB's Advisor Client Pre-Trade Allocations?

Discussion in 'Trading Software' started by Fund_Manager, Nov 27, 2010.

  1. I'm a customer of Interactive Brokers (IB) and have an advisor account (FA) where I manage spot FX trades for various sub-accounts.

    I'm looking for a third-party software that allows orders as per IB’s 'Advisor Client Pre-Trade Allocations' such as 'Account Groups' (i.e. net liquidation, avail equity) and 'Allocation Profiles' (i.e. %, ratio).

    Example
    I have several sub-accounts under a master account where I wish to execute one trade and divide it amongst each account based upon their available net liquidation value (e.g. I have 2 sub-accounts: one with $25,000 net liquidation value, the other with $50,000 net liquidation value. I buy 99,999 EURUSD (volume) and the trade split should be one-third (33,333 EURUSD) to the first account and two-thirds (66,666 EURUSD) to the second account based upon net liquidation value available.

    Anyone trading institutional accounts or Family and Friends recommend a third-party vendor's software that allows order execution for 'Advisor Client Pre-Trade Allocations' as per the above example?

    NB: I contacted NinjaTrader and they said there software only replicates the same trade volume in various sub-accounts. It can’t execute 'Advisor Client Pre-Trade Allocations' by net liquidation, available equity, etc.

    Feedback and experienced appreciated.

    Thanks guys!

    Regards,
    Steve
     
  2. rani

    rani

    Hi Steve,

    Buttontrader does all you are looking for. Using it everyday, extremely satisfied.