Do you think IB's new statement format is an improvement over the existing one (after making a side-by-side comparison)?
For my printing needs, I much prefer the legacy statement. I will continue to use the legacy statement as long as it is available. The new statement format requires me to deselect all of the things I do not want to print on each days statement (what a pain and a waist of my time) before I print.
I definitely prefer the OLD format of statements. The only improvement I see is that the CASH REPORT for all the currencies is now more compressed. Everything else is worse: NEW statements have added several PERFORMANCE and P/L related sections, which I have no use for. (Those numbers are not accurate and I must calculate P/L myself regardless). I am missing some important information that was available with the old format. Problems with POSITION section: âSecurity IDâ and âDescriptionâ columns are now missing. Newly added and useless columns âOpen Priceâ and âUnrealized P/Lâ can not be turned off and are unnecessary taking space. They are not even populated with data (which is actually good, as it is less confusing). âClose Priceâ column is not populated. Fortunately Close Price values are now shown (by mistake) in âCost Basisâ column. Problems with TRANSACTION section: Cannot turn off useless âMark-To-Market Summaryâ sub-section. âSymbolâ column no longer shows option contract multipliers (the OLD statements had them in brackets). Newly added and useless columns âC. Priceâ, âFIFO P/Lâ and âMTM P/Lâ cannot be turned off. Very useful columns âAmnt In Baseâ and âBase Commâ are now missing. So now I have to convert all transactions to base currency manually. To make this fx conversion more difficult, the EXCHANGE RATE section now rounds fx values to 2 decimals. (e.g. the exchange rate for JPY is 0.01). To convert trading amounts into base currency , I now have to retrieve exchange rates from another source. Another problem is that the new reports cannot be saved as plain html files and viewed off-line. If you do that, you will not see the proper table format. Also the file size is bigger. Even when I download only a basic transaction report (without the new P/L sections). I hope IB will reconsider the date for termination of legacy reports. As a minimum, LEGACY reports should be provided till the end of 2007. Hopefully by that time they can hire somebody who can fix the NEW format.
I 2nd the request for a PDF statement from the perspective of something that prints out "nicely" with decent pagination (and not entire pages w/ nothing but a small legend box on them).