Are you an Options Express Trader?
Options Express announced recently that they will not be offering trading or clearing access to the Australian Stock Exchange after Dec 31st 2008.
If you are an Options Express trader with open positions in shares or options you can transfer these over without having to close them to the Locke Global Platform.
If you would like to open an account to transfer / trade ASX Equities and Options as well as Forex, Futures, Bonds and ETFs plese go to our Global Account request page.
Highlights
Globality
- Direct access to stocks, options, futures, forex, bonds and funds on over 70 market destinations in 17 countries from a single screen.
- Trade assets denominated in multiple currencies from a single account.
- Convert currencies at market determined rates as low as 1/2 PIP wide, or create a position collateralized by a non-native currency.
- Stocks, options, futures, forex, bonds, and funds around the world are held and reported in a single GLOBAL Universal AccountSM.
Best Trade Execution & Trade Cost
- GLOBAL SmartRoutingSM is designed to search for the best price available at the time of your order, and unlike other routers, dynamically route and re-route all or parts of your order to achieve optimal execution.
- GLOBAL independently routes US stock, option and futures spread order legs to the best possible venue or natively routes your combination seeking price improvement, with GLOBAL undertaking the risk of partially executed orders.
- GLOBAL SmartRouting AutorecoverySM re-routes your options orders in the case of an exchange malfunction, with GLOBAL undertaking the risk of double executions.
- GLOBAL has automated every aspect of the trade process in-house, enabling us to offer ultra low commissions.
Risk Management & Control
- Our real-time margin system continuously enforces limits for each account, and automatically liquidating positions if any individual account violates its limits at any time.
- GLOBAL Risk NavigatorSM, a real-time market risk management platform that unifies exposure across multiple asset classes around the globe.
Trading Technology
- Market-maker designed Trader Platform optimizes your trading speed with a single multi-product spreadsheet interface offering real-time streaming quotes and quick click order entry.
- Simple, direct connection to our trading system, through the TWS APIs or using our CTCI FIX interface.
- Customized order entry modules designed to meet specific trading needs such as options, Forex, spread and basket trading.
Financing
- Portfolio Margin Accounts, which allow increased leverage with greater safety.
- Interest paid on Commodities Margin Collateral.
- Single Stock Futures EFPs available as a financing alternative with market determined interest rates.
- Competitive interest rates paid on credit and short sale proceed balances.
- Competitive interest rates charged on debit balances.
Reporting
- Flexible download files available in text or XML format.
- Customizable Activity Statements in PDF or HTML format.
- Daily Margin Reports detail requirements by underlying.
Featured TWS Technology
Accumulate/Distribute Algo
Minimize market impact for large orders by slicing the order into increments and buying or selling over time, at pre-defined, randomized time intervals. Available for stocks, options, futures and forex.
IB Risk NavigatorSM
The IB Risk Navigator is a real-time market risk management platform unifying exposure across multiple asset classes around the globe. Its easy-to-read spreadsheet interface lets you easily identify overexposure to risk by starting at the portfolio level and providing drill down access into successively deeper levels of detail within multiple report views.
Algos
IB’s growing family of stock and option algorithmic trading strategies help you balance market impact with risk to achieve optimal execution on your large volume orders.
Thomson Reuters Worldwide Fundamentals
Comprehensive fundamental market data on more than 46,000 companies on over 100 exchanges around the globe is seamlessly integrated into TWS. A monthly subscription gives you over 1,000 data fields viewable in TWS and through the socket APIs.
TWS ScaleTrader
TWS ScaleTrader, part of our suite of specialized order management tools, facilitates the execution of large volume orders while minimizing the effects of increasingly deteriorating prices.
BasketTrader
BasketTrader gives you the ability to trade a basket of individual underlying components as a package, and save it for trading at any time.
BookTrader
This deep book window allows you to transmit orders with a single click. Designed for speed.
FXTrader
The FXTrader provides an optimized trading interface with all the tools you need to trade FOREX markets.
OptionTrader
See how this integrated suite of option tools allows you to view data and manage options orders from a single customizable screen.
TWS Analytics Tools
Price/Risk Analytics
Presents a brief outline of our price/risk analytics which includes portfolio analytics with Value at Risk; Option analytics with the Greeks; and an editable option model to calculate option prices.
Technical Analytics
Our technical analysis tools include real-time charts with technical indicators, and market scanners that return the top 20 contracts that best satisfy your search criteria.
Fundamental Analytics
An overview of our fundamental analytics, powered by MarketWatch and syndicated RSS news feeds, including Reuters.
PaperTrader
Practice your trading skills in a simulated environment with IB’s PaperTrader. If you currently have an IB account, you can apply for our paper account.
RealTime Activity Monitoring
Real-time activity monitoring includes both current market information on your portfolio positions and real-time margin reporting.
Streaming News Feeds
Get the latest stories and headlines delivered to your trading window via Reuters, Google, Yahoo! and other RSS financial news feeds.
TWS Trading Tools
AllocationTrader
TWS provides advisors with the ability to automatically pre-trade allocate orders to multiple client accounts based on numerous pre-defined allocation methods.
ArbTrader
Take advantage of arbitrage opportunities (when companies are subject to takeovers or mergers) using IB’s ArbTrader window.
MarketDepthTrader
Market maker designed for large volume orders, this self-contained component facilitates large volume trades using cumulative quantities and average execution price available at a particular price or better.
PortfolioTrader
Simplify periodic portfolio rebalancing using the TWS PortfolioTrader.
SpreadTrader for Futures
See how to create and manage futures calendar spreads and EFPs from a single configurable screen.
ComboTrader
The TWS ComboTrader allows you to create inter-market spreads with legs of stock/stock, stock/option, option/option or future/future.
ChartTrader
Activate the ChartTrader panel from within a real-time Chart, and create, modify and transmit orders without leaving the chart window.
Open an Account
If you would like to open an account to transfer / trade ASX Equities and Options as well as Forex, Futures, Bonds and ETFs plese go to our Global Account request page.