Anybody have experience running SMAs at IB?

ZBZB said:
You have been missing out! What can we expect from IB this year? Any new products or features?
More...

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.
 
def said:
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.
More...


You guys should fix all the crap before you start adding new features that won't work.
 
def said:
This thread/comment was brought to my attention. IBKR does provide the ability to allocate a specific number of shares to multiple accounts via an allocation profile. We also provide the ability to submit orders for a specific number of shares for a single account directly in the Order Entry window. I've also been told we are looking into making the process simpler to do. I don't have an ETA though.
More...

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
 
RedDuke said:
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
More...

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.
 
def said:
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.
More...

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
 
RedDuke said:
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
More...

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.
 
You must log in or register to reply here.
Back
Top