Anybody have experience running SMAs at IB?

Discussion in 'Professional Trading' started by GlobalMacro90, Feb 8, 2019.

  1. def

    def Sponsor

    Still around but way too busy to spend much time on the site.
     
    #11     Feb 15, 2019
  2. ZBZB

    ZBZB

    You have been missing out! What can we expect from IB this year? Any new products or features?
     
    #12     Feb 15, 2019
  3. def

    def Sponsor

    Bigger and better. Some great FA and wealth management tools, hopefully some additional Asian markets, Israel and more. For US clients you'll also have better payment/deposit options coming. We have a newsletter coming out this weekend. Be sure to check it out.
     
    #13     Feb 15, 2019

  4. You guys should fix all the crap before you start adding new features that won't work.
     
    #14     Feb 15, 2019
  5. RedDuke

    RedDuke

    Hi Def,

    Let's say I have 3 SMAs, and place and order for 20 Oil contracts in master account, and get filled. Can I do the following allocation?
    Account 1 - 3 contracts
    Account 2 - 16 contracts
    Account 3 - 1 contracts

    Thanks,
    redduke
     
    #15     Feb 15, 2019
  6. def

    def Sponsor

    Sorry about the late reply as I forgot to get back to you.
    Create an allocation profile in TWS so you can control manually how positions are allocated across multiple accounts using one order.

    https://www.interactivebrokers.com.hk/en/index.php?f=786

    https://www.interactivebrokers.com.hk/en/software/tws/usersguidebook/financialadvisors/create_a_share_allocation_profile.htm#XREF_67178_Create_a_Share

    When you close the position, you can either use the same profile, or use an automatic allocation group using percentage change with percentage set to -100 (which will sell all as explained under this link).

    https://www.interactivebrokers.com.hk/en/software/tws/usersguidebook/financialadvisors/create_an_account_group_for_share_allocation.htm#XREF_38943_Create_an_Account

    hope this helps.
     
    #16     Feb 24, 2019
  7. RedDuke

    RedDuke

    Hi Def,

    Thanks a reply. All docs talk about shares for exact allocation, along with screen shots. Does it apply to futures as well?

    Thanks
     
    #17     Feb 25, 2019
  8. def

    def Sponsor

    It should. I don't have an advisor account so can't test to confirm but the easiest thing to do would be to use your paper account to test it out.
     
    #18     Feb 25, 2019
  9. RedDuke

    RedDuke

    Thank you
     
    #19     Feb 26, 2019