Any symbols displayed within these pages are for illustrative purposes only, and are not intended to portray any recommendation.

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2 Prprietary Trading Grup STL Accunt Getting Started Guide May Interactive Brkers LLC. All Rights Reserved Any symbls displayed within these pages are fr illustrative purpses nly, and are nt intended t prtray any recmmendatin.

3 Cntents Cntents i Prprietary Trading Grup STL Accunt Getting Started Guide 5 Getting Started as a Prprietary Trading Grup Separate Trading Limit Accunt 5 Must Cnsider: 5 May Want t Cnsider: 6 Lg In t Accunt Management 7 Failed Lgin Attempts 8 Autmatic Lgff 8 Secure Lgin System 8 Funding 11 Master Accunt Funding 11 Check Accunt Funds Status 12 Cnfiguratin 13 Set Trading Permissins 13 Add Users t the Master Accunt 14 Mdify User Access Rights 17 Delete Users frm an Accunt 19 Adding Sub Accunts 21 Overview 21 Add an Authrized Trading Sub Accunt 22 Prprietary Trading Grup STL Accunt Getting Started Guide i

4 Cntents Fund Sub Accunts 22 View Sub Accunts 23 Set Trading Limits 24 Trading 29 Subscribe t Market Data 29 Lg in t TWS 30 Add Market Data 31 Real-time Activity Mnitring 34 View Accunt Balances 36 Real-time Margin Mnitring 37 Mnitr Margin Requirements 38 Try PM 38 Margin Warnings 39 View Available fr Trading Values 39 View Market Value 39 View FX Prtfli Values 40 View Prtfli Values 40 The Right-Click Prtfli Menu 41 Reprting 43 Activity Statements 43 Custmized Activity Statements 47 Third-Party Dwnlads 47 Prprietary Trading Grup STL Accunt Getting Started Guide ii

5 Cntents Trade Cnfirmatins 48 Flex Queries 49 Margin Reprts 50 Stress Test Reprt 51 Value at Risk Reprt 51 PrtfliAnalyst 53 Other Features 55 Use Pst-Trade Allcatins 55 Opening a Paper Trading Accunt 57 Paper Trading Accunt Reset 58 Paper Trading Accunt Statements 59 Allcate Dividends and Interest 59 Net Methd 60 Grss Methd 60 Investrs' Marketplace 60 Adding Administratrs 61 Administratr Overview 61 Administratr Marketplace 62 Managing Administratrs 63 Index 65 Prprietary Trading Grup STL Accunt Getting Started Guide iii

6 Prprietary Trading Grup STL Accunt Getting Started Guide iv

7 1 Prprietary Trading Grup STL Accunt Getting Started Guide Getting Started as a Prprietary Trading Grup Separate Trading Limit Accunt This Getting Started guide prvides a cmprehensive cllectin f the tasks yu will want t cmplete as a new IB Prprietary Trading Grup Separate Trading Limit (STL) Accunt Master User. Prprietary Trading Grup accunts prvide institutins with the flexibility f trade executin, clearing and prime brker services all within the same accunt. As the Master user in an STL accunt, yu set up individual accunts fr traders r strategies with separate credit limits. Please nte that this guide is designed as a reference fr new users, and cmprises a very small subset f the infrmatin and trading features available t yu thrugh IB and the TWS. The guide assumes the fllwing: That the Master accunt has been apprved and funded. That yu are the Master user. Must Cnsider: Understand hw t Lg in t Accunt Management Activate yur Secure Lgin System device Understand the prcess and timing f accunt funding, including: Master Accunt Funding Check Accunt Funds Status Perfrm additinal cnfiguratin tasks, including: Set Trading Permissins Add Users t the Master Accunt Prprietary Trading Grup STL Accunt Getting Started Guide 5

8 Chapter 1 May Want t Cnsider: Mdify User Access Rights Add Sub Accunts Trade: Add Trading Sub Accunts Fund Sub Accunts View Sub Accunts Set Trading Limits Subscribe t Market Data Lg in t TWS Add Market Data Lines Use Real-time Activity Mnitring Familiarize yurself with ur reprting system. May Want t Cnsider: Use Pst Trade Allcatins Open a Paper Trading Accunt Allcate Dividends and Interest Investrs' Marketplace Adding Administratrs Prprietary Trading Grup STL Accunt Getting Started Guide 6

9 2 Lg In t Accunt Management There are tw ways t access Accunt Management: Lg in frm the IB website. Access the hme page frm the Trader Wrkstatin. T lg in t Accunt Management frm the IB website 1. Frm IB s website, select Accunt Management frm the Lgin drpdwn list in the upper right crner. 2. Enter yur IB Username and Passwrd, and click Lgin. The Accunt Management hme page pens. Prprietary Trading Grup STL Accunt Getting Started Guide 7

10 Chapter 2 Failed Lgin Attempts T access Accunt Management frm Trader Wrkstatin 1. Lg in t Trader Wrkstatin. 2. Frm the Accunt menu, select Accunt Management Hme. The Accunt Management hme page pens. Fr mre infrmatin Failed Lgin Attempts Autmatic Lgff Failed Lgin Attempts After ten failed lgin attempts in 24 hurs, yur Accunt Management lgin will be disabled. If this happens, cntact Custmer Service. Autmatic Lgff If yu are lgged int Accunt Management and the system detects n activity fr 30 minutes, yur Accunt Management sessin will autmatically expire and yu will have t lg back in. A message appears warning yu that yu will autmatically be lgged ut withut further activity. Once yur sessin expires, anther message appears infrming yu that yur sessin has expired and yu have been lgged ut. Yu must re-lgin t start a new Accunt Management sessin. Secure Lgin System Once yur accunt is apprved and funded, IB will mail yu a Secure Lgin Device at the address yu specified in yur applicatin. Yu will need t use this device anytime yu lg in t TWS r Accunt Management. This added level f security helps t ensure that yur IB accunt infrmatin remains secure. Please nte that yur device must be activated befre yu can use it. Yu have 14 days frm the day we mail yu yur IB Security Device t activate the device in Accunt Management. After 14 days, yu are required t use the device t lg int Accunt Management and Trader Wrkstatin. If yu receive the device befre 14 days, yu can access Accunt Management and Prprietary Trading Grup STL Accunt Getting Started Guide 8

11 Chapter 2 Secure Lgin System Trader Wrkstatin withut using the device until yu activate it r until 14 days have passed. Once yu activate the device, yu must use it t lg int Accunt Management and TWS. Yu can als chse t use IB Key, ur digital security device, n yur cell phne. Fr mre infrmatin, see ur Knwledge Base article. T activate yur Secure Lgin Device 1. Lgin t Accunt Management. 2. Click Manage Accunt > Security > Secure Lgin System. 3. Fllw the instructins n the screen t activate yur security device. Fr mre infrmatin T learn mre abut ur Secure Lgin System, including detailed instructins n hw t use each type f security device, see the Accunt Management Users Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 9

12 Prprietary Trading Grup STL Accunt Getting Started Guide 10

13 3 Funding Funding is an imprtant part f the applicatin prcess. This sectin describes hw t fund yur Prprietary Trading Grup Separate Trading Limit accunt. The fllwing tpics are included: Master Accunt Funding Check Accunt Funds Status Fr mre infrmatin Shrt Vide - Funding Master Accunt Funding T depsit funds int yur Master accunt, lg in t Accunt Management, then click Funding > Fund Transfers. T fund sub accunts in an STL accunt, yu must depsit funds int the Master accunt and then transfer funds t each sub accunt. Yu can use any f the fllwing methds t fund yur Master accunt: Check Wire US Autmated Clearing Huse (ACH) fund transfer Autmated Custmer Accunt Transfer Service (ACAT) transfer IB internal transfer Fr mre infrmatin Fr detailed instructins n depsiting funds, see the Depsiting Funds tpic in the Funding chapter f the Accunt Management Users Guide. Fr specific details n Depsit Ntificatins, Transfers, and ther funding issues, see the Funding Reference n ur website. Fr detailed rules abut required minimums, see the Required Minimums page n ur website. Prprietary Trading Grup STL Accunt Getting Started Guide 11

14 Chapter 3 Check Accunt Funds Status Check Accunt Funds Status Yu can check the status f any fund transactin fr the Master accunt r any sub accunt within the last 90 days at any time n the Transactin Histry page in the Funding menu f Accunt Management. Sub accunts can view the transactin histry fr their wn accunts if they were granted access rights t Transactin Histry when their accunts were added. The Transactin Histry page shws all cash transactins, psitin transfers, bank instructins and internal transfers initiated in the last days. Use the slider t select the time perid, and then use the Smart Search t search by Accunt ID, Title, (transactin) Type r (transactin) Methd; r resrt the list f transactins by clicking any clumn heading. Yu can als check the cash balance f fr yur accunt at any time n the Fund Transfers page in the Funding menu f Accunt Management. The page displays the Cash Balance, Cash Available fr Withdrawal, Withdrawable cash that is subject t any riginatin restrictins (including ACH depsits initiated by the custmer via the IB website) and the amunt f any pending depsit that has nt yet psted t the accunt. Prprietary Trading Grup STL Accunt Getting Started Guide 12

15 4 Cnfiguratin This sectin describes the mst imprtant cnfiguratin tasks yu may have t cmplete, including the fllwing: Set Trading Permissins Add Users t the Master Accunt Mdify User Access Rights Delete Users frm an Accunt Fr mre infrmatin Shrt Vide - Accunt Cnfiguratin Set Trading Permissins Trading permissins identify prducts t trade and the cuntries in which t trade them. As the Master user f an STL accunt, yu are respnsible fr cnfiguring the trading permissins fr yur sub accunts. Cnfigure trading permissins in Accunt Management n the Manage Accunt > Trade Cnfiguratin > Permissins page. Prprietary Trading Grup STL Accunt Getting Started Guide 13

16 Chapter 4 Add Users t the Master Accunt Fr mre infrmatin Fr additinal infrmatin abut the prducts and cuntries which are available, see the Trading Permissins and Market Data page n ur website. Add Users t the Master Accunt Yu can add users t yur accunt and grant them access t a set f Accunt Management functins such as trading access fr additinal traders, reprting access fr auditrs, and s n. Adding users t the Master accunt is nt the same as adding sub accunts. Sub accunts typically represent the traders in yur Separate Trading Limit accunt wh have their wn separate market data subscriptins, while users added t the Master accunt can be traders r can represent administrative functins in yur rganizatin. If yu designated an additinal persn r persns as a Security Officer in yur accunt applicatin, then the Security Officer will be the persn wh adds users t yur accunt. Fr mre infrmatin n Security Officers, see ur User Access Rights Guide. T add a user t the master accunt Prprietary Trading Grup STL Accunt Getting Started Guide 14

17 Chapter 4 Add Users t the Master Accunt 1. Lg in t Accunt Management. 2. Click Manage Accunt > Access Rights > Users. 3. Click Add User. 4. On the Add User page, enter all required infrmatin, including name, six-character username prefix, passwrd, and address. 5. On the same page, assign Accunt Management functins t the user by clicking the apprpriate check bxes in the Access Rights sectin. Access grups crrespnd t Accunt Management menus. T designate the user as a Security Officer, click the I'd like t have this persn designated as a Security Officer. check bx. Click an access grup t expand the sectin, then click check bxes t grant access t individual functins. Nte that all accunt users autmatically get rights t Security functins (Change Passwrd, Security Device, Security Device Sharing and Vting Subscriptins), which are lcated in the Manage Accunt > Security grup, and the functins in the Manage Accunt > Settings access grup (Change Address). T grant access t all functins within an access grup, click the check bx next t the access grup name. If a functin is nt checked, the user will nt be able t access the functin in Accunt Management. Prprietary Trading Grup STL Accunt Getting Started Guide 15

18 Chapter 4 Add Users t the Master Accunt Sme functins, such as Funding withdrawals and internal fund transfers, allw yu r yur accunt s Security Officer t designate users as Primary r Secndary Authrizers. This feature lets yu add a layer f security that requires additinal authrizatin t perfrm sme Accunt Management functins, such as funding. See ur User Access Rights Guide fr mre infrmatin. 6. On the same page, yu can assign access rights t sme r all sub accunts that yu want the user t access, and specify which functins yu want the user t be able t access fr the sub accunts. Highlight ne r mre individual sub accunts in the list (Ctrl+ click t select multiple nn-adjacent accunts in the list; Shift+click t select multiple adjacent accunts in the list). Click the All Sub/Client Accunts check bx t select ALL accunts. Prprietary Trading Grup STL Accunt Getting Started Guide 16

19 Chapter 4 Mdify User Access Rights Click the check bx fr each functin yu want the user t be able t access fr the selected accunt(s). 7. Click Cntinue. 8. Verify that all the infrmatin is crrect, then click Cntinue. If yu need t make further changes, click Back, then make crrectins befre submitting. 9. Enter the cnfirmatin number sent t yu via , then click Cntinue. If yu have nt received a cnfirmatin number, click Request Cnfirm # t have a cnfirmatin number sent t yur address n recrd. 10. Click Cancel t cancel yur changes. Once the user has been successfully created, in rder t cmplete the prcess, the new user will be required t cmplete additinal verificatin steps, by lgging int Accunt Management with the username and passwrd which were created. Fr mre infrmatin Fr details abut Security Officers, see the Security Officers tpic in the User Access Rights Guide. Fr mre infrmatin abut user access rights, see the User Access Rights Guide. Mdify User Access Rights Yu mdify Accunt Management access rights fr an existing user n the User Access Rights page. Fr example, if yu add a user t yur accunt, yu may want t mdify the user's access rights at a later date. T mdify access rights fr an existing user 1. Lg In t Accunt Management. 2. Click Manage Accunt > Access Rights > Users. Prprietary Trading Grup STL Accunt Getting Started Guide 17

20 Chapter 4 Mdify User Access Rights 3. Click the Mdify icn fr the user whse access rights yu want t mdify. 4. On the next page, mdify the access rights fr the user by selecting r deselecting check bxes next t the available Accunt Management functins, including changing any authrizatin privileges yu may have assigned r need t assign. Click Cntinue. T designate the user as a Security Officer, click the I'd like t have this persn designated as a Security Officer. check bx. Click an access grup t expand the sectin, then click check bxes t grant access t individual functins. T grant access t all functins within an access grup, click the check bx next t the access grup name. If a functin is nt checked, the user will nt be able t access the functin in Accunt Management: Prprietary Trading Grup STL Accunt Getting Started Guide 18

21 Chapter 4 Delete Users frm an Accunt 5. Verify that all the infrmatin is crrect, then click Cntinue. 6. If yu need t make further changes, click Back, then make crrectins befre submitting. 7. Enter the cnfirmatin number sent t yu via , then click Cntinue. If yu have nt received a cnfirmatin number, click Request Cnfirmatin Number t have a cnfirmatin number sent t yur address n recrd. 8. Click Cancel t cancel yur changes. Delete Users frm an Accunt T delete a user frm the accunt Prprietary Trading Grup STL Accunt Getting Started Guide 19

22 Chapter 4 Delete Users frm an Accunt 1. Click Manage Accunt > Access Rights > Users. 2. Click the Delete icn fr t the user yu want t delete. Accunt Management access fr that user is disabled instantly and Trading Access is disabled by the next calendar day. Prprietary Trading Grup STL Accunt Getting Started Guide 20

23 5 Adding Sub Accunts As a user f the Master accunt, yu can add Authrized Trading sub accunts with each sub accunt representing a different trader r trading strategy in yur rganizatin. This chapter describes hw t add sub accunts t yur accunt, fund them, check their accunt funding status, cnfigure their trading permissins, and set trading limits fr each sub accunt. Each sub accunt is respnsible fr its wn market data subscriptin. Overview Adding a sub accunt requires that yu: 1. Add an Authrized Trading sub accunt. 2. Fund the sub accunt. 3. View all sub accunts and sub accunt details. 4. Optinally, set trading limits n sub accunts. Fr mre infrmatin Fr mre details, see the Add an Accunt sectin f the Accunt Management Users Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 21

24 Chapter 5 Add an Authrized Trading Sub Accunt Add an Authrized Trading Sub Accunt T add an Authrized Trading sub accunt 1. Lg in t the Master accunt in Accunt Management. 2. Click Manage Traders > Traders > Authrized Trader. The Authrized Trader Infrmatin page pens. 3. Cmplete the Authrized Trader Infrmatin frm, then click Cntinue. The Trader added page pens, which cnfirms yur request and cntains a link t the Trader Authrizatin Frm. Click the Trader Authrizatin Frm link. 4. Read the frm carefully, then sign the frm by typing yur name in the field prvided and click Cntinue. Fund Sub Accunts Once yu add a sub accunt, yu must fund it thrugh the Master accunt by depsiting funds int the Master accunt and then transferring the funds frm the Master accunt t the sub accunt. Sub accunts cannt be funded directly. Funds can be transferred between the Master accunt and a sub accunt in either directin. T transfer funds frm the Master accunt t a sub accunt 1. Lg in t the Master accunt in Accunt Management. 2. Click Funding > Fund Transfers. 3. In the Transactin list, select Internal Transfers. The Internal Funds Transfers sectin appears. 4. Select the Master accunt number frm the Surce Accunt Number drp-dwn list. If there are any sub accunts eligible t receive an internal funds transfer, the Destinatin Accunt Number drp-dwn list appears. Prprietary Trading Grup STL Accunt Getting Started Guide 22

25 Chapter 5 View Sub Accunts 5. Enter details abut the transfer in the fields prvided, including the amunt, currency and the Destinatin Accunt Number, then click Cntinue. 6. Verify the transfer infrmatin, then click Cnfirm t initiate the transfer. 7. Yu will immediately receive an ntificatin cntaining a cnfirmatin number. Cnfirm yur identity by entering the cnfirmatin number n the Internal Funds Transfer page in Accunt Management, then click Cnfirm. Fr mre infrmatin Fr mre infrmatin, see the Transferring Funds Internally tpic in the Accunt Management Users Guide. Fr infrmatin abut Internal Fund Transfers, see the Funding Reference page n the IB web site. View Sub Accunts Yu can view a list f all sub accunts and their current accunt status n the Trading Sub Accunts page. T view Authrized Trading sub accunts 1. Click Manage Traders > Traders > View in Accunt Management t view this page. The Trading Sub Accunts page pens, displaying all sub accunts fr authrized traders, including the accunt name, accunt number, username and current status f the accunt. Prprietary Trading Grup STL Accunt Getting Started Guide 23

26 Chapter 5 Set Trading Limits 2. If the current status f a sub accunt is Applicatin in prgress, a link may appear in the Status clumn that lets yu cmplete the next step in the applicatin prcess. 3. T create a new sub accunt, click the Add Trading Sub Accunt buttn, then fllw the instructins n the screen t fill ut the Authrized Trader Infrmatin frm. Set Trading Limits Yu can set trading limits n sub accunts t cntrl the size and amunts that authrized traders can trade. Yu enter trading limits in Accunt Management and yur entries are effective as f the next business day. T view and set trading limits 1. Click Manage Traders > Trading > Limits. 2. Use the Accunt Selectr t search fr a client accunt by Accunt ID, Accunt Title r Accunt Alias, then click the desired accunt. The Accunt Selectr is clsed nce yu select an accunt. T change the selected accunt, click the tab t pen the Accunt Selectr, and then click a different accunt. The page updates t display three expandable trading limit sectins: Prprietary Trading Grup STL Accunt Getting Started Guide 24

27 Chapter 5 Set Trading Limits 3. T set rder value limits, click t expand that sectin, enter values and click Cntinue: Dllar Value Per Order - The ttal value f any ne rder, in millins f dllars. Fr example, a value f.5 = a limit f 500,000 USD. Net Dllar Value Per Order - The net value f buys and sells fr an entire trading day, in millins f dllars. Fr example, if yu bught 50 millin and sld 15 millin in a day, the net dllar value fr that day wuld be 35 millin. Grss Dllar Value Per Order - The aggregate value f buys and sells fr an entire trading day. Fr example, if yu bught 50 millin and sld 15 millin in a day, the grss dllar value fr that day wuld be 65 millin. 4. T set rder quantity limits, click t expand that sectin, then enter rder quantity limits fr: cash, stck (STK), futures (FUT), ptins (OPT), futures ptins (FOP), warrants (WAR), bnds, cntracts fr differences (CFD), r Dutch warrants (IOPT). Click Cntinue when yu are dne entering values. Prprietary Trading Grup STL Accunt Getting Started Guide 25

28 Chapter 5 Set Trading Limits 5. T set Exchange fr Physical Limits, click t expand that sectin, then enter values fr any f the fllwing, then click Cntinue: Maximum Nminal Exchange fr Physical Per Order - The ttal value f any ne Exchange fr Physical (EFP) rder, in millins f dllars. Maximum Net Exchange fr Physical Per Trades - The net value f EFP buys and sells fr an entire trading day, in millins f dllars. Maximum Grss Exchange fr Physical Trades - The aggregate value f EFP buys and sells fr an entire trading day. Fr example, if yu bught 50 millin and sld 15 millin in a day, the grss dllar value fr that day wuld be 65 millin. 6. Verify yur changes n the Verify Trading Limits, then click Cntinue. Click Back if yu need t make further changes. Prprietary Trading Grup STL Accunt Getting Started Guide 26

29 Chapter 5 Set Trading Limits 7. A cnfirmatin number is sent t yur address f recrd. Enter this number n the Cnfirmatin page that appears, then click Cntinue. New trading limits and changes t existing trading limits g int effect n the next business day. Prprietary Trading Grup STL Accunt Getting Started Guide 27

30 Prprietary Trading Grup STL Accunt Getting Started Guide 28

31 6 Trading The Trader Wrkstatin (TWS) is a rbust platfrm which allws access t a variety f pwerful trading tls. Infrmatin abut all f the tls which IB ffers can be fund n the Trader Wrkstatin Highlights page n the IB web site. This sectin f the guide will fcus n TWS basics and will shw yu hw t: Subscribe t Market Data; Lg in t TWS; Add Market Data Lines (ticker lines) t the TWS trading windw; Mnitr clients trade activity, psitins and P&L, and accunt balances using ur Real-time Activity Mnitring tls. Fr mre infrmatin Fr cmplete infrmatin n Trader Wrkstatin, see the Trader Wrkstatin Users' Guide. Subscribe t Market Data Befre yu begin trading fr yur clients, yu will want t subscribe t market data thrugh Accunt Management. Althugh yu can trade withut data, IB des nt recmmend it. T subscribe t Market Data 1. Lgin t Accunt Management. 2. Click Manage Accunt > Trade Cnfiguratin > Market Data. Prprietary Trading Grup STL Accunt Getting Started Guide 29

32 Chapter 6 Lg in t TWS Yur current market data subscriber status (Prfessinal r Nn-Prfessinal) is displayed in the page title. Market data subscriptins are rganized by regin (Nrth America, Eurpe, Asia-Pacific). 3. Check the subscriptins yu wuld like t receive n each tab. Market data fees are autmatically withdrawn frm the Master accunt mnthly, and data may be suspended if the master accunt des nt have sufficient funds t cver market data expenses. 4. Click Cntinue. 5. Read and cmplete the necessary Subscriber Agreements, and then click Cntinue. Mst market data subscriptin requests and changes take effect immediately. Certain market data subscriptins, such as the subscriptin t the NYSE data, require apprval frm the exchange and therefre will nt take effect immediately. Lg in t TWS The first time yu lg in t TWS, yu ll need t take a little time t ppulate yur screens with data, understand the different allcatin methds yu can use, and finally practice creating rders. We strngly recmmend that yu pen a paper trading accunt as described in Opening a Paper Trading Accunt t familiarize yurself with Trader Wrkstatin s many features withut accidentally submitting a Prprietary Trading Grup STL Accunt Getting Started Guide 30

33 Chapter 6 Add Market Data trade. Yu can run TWS directly frm yur Internet brwser (recmmended), r dwnlad the sftware t yur PC and launch it directly frm yur desktp as a standalne applicatin. Fr mre infrmatin, see the Trader Wrkstatin page n the IB web site. T dwnlad and lg in t TWS fr the first time (Windws) 1. Frm the LOG IN menu in the upper right crner f the IB website, select TWS r TWS Latest frm the drp-dwn list. 2. Click the DOWNLOAD buttn n the TWS page that pens t install TWS n yur cmputer and t view dwnlad/installatin instructins. 3. When the installatin is cmplete, click the TWS icn n yur desktp t lg in. This launch methd is fast, but may ccasinally take a few secnds lnger when TWS r Java runtime updates are published. 4. In the Lgin bx, enter yur username and passwrd and click Lgin. Fr subsequent sessins, yu can lg in t TWS simply by clicking the TWS icn n yur desktp. Fr mre infrmatin T learn mre abut using the brwser-based TWS versus the standalne versin, see the TWS Users Guide. Add Market Data Next, yu ll want t add market data, r ticker lines, fr the prducts yu want t trade. Althugh yu can trade withut market data, we dn t recmmend it. T add market data lines t the Qute Mnitr 1. Click in the Cntract field in an empty rw. 2. Enter an underlying symbl and press Enter. Prprietary Trading Grup STL Accunt Getting Started Guide 31

34 Chapter 6 Add Market Data 3. Select an asset type frm the picklist n the trading screen. Fr instruments that require an expiry, chse a mnth and year, r select All t pen the cntract selectin bx. Prprietary Trading Grup STL Accunt Getting Started Guide 32

35 Chapter 6 Add Market Data If yu chse Smart as the exchange (rather than selecting Directed and then picking a destinatin) the market data is aggregated and the default rder ruting is Smart. Frm a display perspective, ticker lines that use aggregated Smart data d nt display Smart in the data line. TWS will nly shw the exchange if yu elect t direct rute. When yu create an rder, regardless f the market data selectin yu can mdify the rder ruting destinatin n a per-rder basis using the Destinatin field. Prprietary Trading Grup STL Accunt Getting Started Guide 33

36 Chapter 6 Real-time Activity Mnitring 4. In the Cntract Selectin bx, chse a cntract(s) and click OK. Yu can limit the cntracts displayed in the right pane by selecting criteria frm the Filter sectin. Chse Smart as the exchange t use SmartRuting. Fr mre infrmatin Fr mre infrmatin n market data in TWS, see the TWS Users Guide. Real-time Activity Mnitring The Accunt windw lets yu mnitr every aspect f yur client accunt activity. The Accunt windw displays, amng ther things, the values f yur psitins, the funds available fr trading and the amunt f margin cushin an accunt has befre it may becme subject t a liquidatin, all with real-time values. The Accunt windw is divided int the fllwing sectins: Balances, which shws yur accunt balances fr securities, cmmdities and in ttal. These balances dn't include margin requirements. Prprietary Trading Grup STL Accunt Getting Started Guide 34

37 Chapter 6 Real-time Activity Mnitring Margin Requirements, which shw yur initial and maintenance margin requirements based n yur current prtfli. Available fr Trading, which tells yu what yu have fr additinal trades and cushin befre liquidatin, based n yur balance infrmatin and margin requirements. Market Value, shws the ttal value f all psitins, srted by currency. FX Prtfli, which shws activity fr currency pair trades nly. The value in the Psitin field nly reflects trades executed in the FX market. Please nte that these d nt reflect real-time FX psitins, since the nn-base currency cnversins are nt included. Prtfli, which lists all current psitins srted by underlying, and displays the ttal current market value fr each psitin. T pen the Accunt windw 1. On the main trading Tlbar, click the Accunt icn, r select Accunt Windw frm the Accunt menu. The first time yu pen the Accunt windw, "key" accunt values display by default (this default view is shwn in the illustratin belw). The sectins can be expanded and custmized by clicking the green + sign t the right f each sectin and using the checkbxes t specify thse fields yu want set as yur default view. Prprietary Trading Grup STL Accunt Getting Started Guide 35

38 Chapter 6 View Accunt Balances Advisrs and ther multi-client accunt hlders will see a drp-dwn Select Accunt field n the Accunt and Summary tabs t select either an individual accunt r an accunt grup. On the Accunt page, elect t display accunt infrmatin fr All accunts, any individual accunt including the Master, r a user-defined Accunt Grup, which includes a subset f accunts (in the image abve, Grup 1 is a user-defined accunt grups). On the Summary page, chse t view the accunt summary fr All accunts, r fr any Accunt Grup. Advisrs can als print the summary page by selecting Print Summary frm the File menu. View Accunt Balances The Balances sectin shws yur accunt balances fr securities, cmmdities and in ttal. These balances dn't include margin requirements. T view all Balances values, expand the sectin using the green plus (+) sign. T custmize this view t shw nly the values yu want t see, put a check next t these parameters and click the green minus (-) sign t cntract the sectin. Prprietary Trading Grup STL Accunt Getting Started Guide 36

39 Chapter 6 Real-time Margin Mnitring Real-time Margin Mnitring Use real-time margin mnitring t see yur current margin requirements at a glance, and t understand the margin implicatins f any transactin befre yu transmit an rder. The Accunt windw shws yur accunt details, including the current market value and prtfli. Use the Margin Requirements and Trading Limits sectin t mnitr yur margin. Yu can als see the margin impact fr a single rder using the right-click Preview Order cmmand frm an rder line n the trading windw. An example f the Order Preview windw is shwn belw. Prprietary Trading Grup STL Accunt Getting Started Guide 37

40 Chapter 6 Mnitr Margin Requirements T preview margin impact 1. Use the right-click menu frm an rder line t select Check Margin. 2. View the rder details befre yu transmit, including cmmissins, margin impact and the rder descriptin. 3. Click Transmit t send the rder frm the Preview windw, r Clse t mdify befre sending. This feature is valid nly fr single-accunt rders. It des nt wrk fr allcated rders. Mnitr Margin Requirements Margin is calculated at three perids during the day: the market's pen, the market's clse, and vernight. The Margin Requirements sectin shws yur current margin, prjected margin fr the next perid f margin calculatin (Lk Ahead) and the Overnight calculatin (valid fr futures nly). The Current margin is yur real-time requirement right nw. If yu happen t be viewing this screen at 1:00 AM, yur current and vernight margin values fr yur futures psitins will be identical. If yu're viewing this screen during trading hurs, yur current margin requirements fr futures will be less than r equal t the vernight requirement. The Lk Ahead prjects what yur margin requirements will be at the next margin calculatin, based n what yu have in yur prtfli nw. If yu're viewing this screen at 2:00 PM, the next calculatin will be at the clse. If yu're viewing this screen at 1:00 AM, the next calculatin will be at the pen. Overnight is the requirement after regular market hurs and nly applies t futures. T view all Margin Requirements values, expand the sectin using the green plus (+) sign. T custmize this view t shw nly the values yu want t see, put a check next t these parameters and click the green minus (-) sign t cntract the sectin. Try PM Click t see hw yur margin requirements wuld be different if yu had a prtfli margin accunt instead f a RegT margin accunt. Prprietary Trading Grup STL Accunt Getting Started Guide 38

41 Chapter 6 Margin Warnings Margin Warnings T help yu stay n tp f yur margin requirements, we nw prvide pp-up messages and clr-cded accunt infrmatin t ntify yu that yu are appraching a serius margin deficiency. TWS will highlight the rw whse value is in the distress state. The clrs n yur accunt screen tell yu the fllwing: Yellw - Yu have nly a 5% cushin abve the margin requirement Orange - Yur margin cushin is depleted and yu have a shrt time t enter int margin-reducing trades befre yur psitins are liquidated. During this time yu shuld be able t enter a trade that will decrease yur margin requirement, but nt increase. Red - Yur psitins will shrtly start t be liquidated as necessary t bring yur accunt back within the margin limits. Fr mre infrmatin See the Margin pages n the IB website fr details n margin calculatins. View Available fr Trading Values If yu lk at nthing else n the Accunt Screen, the Available fr Trading values let yu knw the state f yur accunt at a glance. Yur Available Funds tells yu if yu can put n a trade. Yur Excess Liquidity tells yu whether yu have sufficient cushin t maintain yur current psitins, and yur Buying Pwer tells yu hw much yu have at yur dispsal including yur equity and IB's margin. T view all Available fr Trading values, expand the sectin using the green plus (+) sign. T custmize this view t shw nly the values yu want t see, put a check next t these parameters and click the green minus (-) sign t cntract the sectin. View Market Value The Market Value sectin shws yu ttal value fr all assets srted by currency. Accunts with the ability t make transfers between brkers will als have an In Transit tab t mnitr DVPs and ther psitin Prprietary Trading Grup STL Accunt Getting Started Guide 39

42 Chapter 6 View FX Prtfli Values transfers. In additin, the Cash clumn f this sectin is where yu can view yur real-time FX psitin infrmatin. View FX Prtfli Values This sectin shws activity nly fr currency pair trades. The "Psitin" value reflects the sum f trades executed in the FX market nly, and cnsequently des nt reflect a real-time FX psitin. Check the value in the Cash field f the Market Value sectin fr real-time FX psitin infrmatin. View Prtfli Values The Prtfli sectin shws the current value f each psitin and allws yu t mark any psitin t be liquidated last in the event f a margin call. Accunts with the ability t make transfers between brkers will als have an In Transit tab t mnitr DVPs and ther psitin transfers. Prprietary Trading Grup STL Accunt Getting Started Guide 40

43 Chapter 6 The Right-Click Prtfli Menu The Right-Click Prtfli Menu If yu select an asset in the Prtfli sectin and click yur right muse buttn, yu will have access t a BUY and SELL buttns as well as the fllwing menu items. Prprietary Trading Grup STL Accunt Getting Started Guide 41

44 Prprietary Trading Grup STL Accunt Getting Started Guide 42

45 7 Reprting This sectin describes the accunt statements and reprts available t yu frm within Accunt Management, including the fllwing: Activity Statements Custmized Statements Third-Party Dwnlads Trade Cnfirmatins Flex Queries Margin Reprts Stress Test Reprt Value at Risk Reprt PrtfliAnalyst Activity Statements Activity statements cntain infrmatin abut accunt activity, such as psitins, cash balances and transactins. Statements are generated daily, mnthly, and yearly fr all accunts. As a Advisr, yu can view statements fr yur advisr accunt, fr individual client accunts, r a cnslidated statement which can include sme r all f yur accunts. In additin, clients als have the ability t access their statements electrnically thrugh Accunt Management. Activity Statements include these features: Expandable and cntractible sectins with click-dwn detail. Perfrmances summary by asset class fr a quick view f an accunt's prfitability. Prfit and lss acrss all transactins, psitins, underlying instrument and asset class, under First In, First Out (FIFO), Last In, First Out (LIFO), Maximize Lsses and Mark-t-Market (MTM) calculatin methds, depending n the client s selectin. Details f change in psitin value fr the statement perid. Calculatin f FX translatin gains and lsses fr accunts with multiple currencies. T generate an activity statement Prprietary Trading Grup STL Accunt Getting Started Guide 43

46 Chapter 7 Activity Statements 1. Lg in t yur Master accunt via Accunt Management. 2. Click Reprts > Activity > Statements. 3. Use the Accunt Selectr at the tp f the page t select ne r mre accunts n which t reprt. T include activity frm accunts yu have recently clsed, select the Include Clsed Accunts check bx. If yu chse t include clsed accunts, thse accunts appear in the Accunt Selectr. 4. In the View Statements sectin f the page, make the fllwing selectins: In the Statements list, select the statement yu want t use fr the statement. In the Date(s) field, select the perid (Daily, Custm Date Range, Mnthly r Calendar Year). Fr Custm Date Range, select the Frm and T dates, which define the perid cvered by the statement. Fr Daily statements, yu can select a specific date r the last business day. Fr Mnthly statements, yu can select the last mnth r a specific mnth. Fr Calendar Year (annual) statements, yu can select a specific year. In the Frmat field, select either HTML/WEB, PDF r Excel, depending n hw yu want t view the statement. In the Language field, select yur desired language. If yu selected mre than ne accunt in the Accunt Selectr, and want t view a cnslidated statement, select the Cnslidate Selected check bx. This check bx ONLY appears if yu Prprietary Trading Grup STL Accunt Getting Started Guide 44

47 Chapter 7 Activity Statements selected mre than ne accunt in the Accunt Selectr (r if yu selected ne r mre accunts in a Husehld in the selectr). Yu can als generate statements fr all accunts in a single statement (multiple statements are jined tgether in a single statement) if yu select yur wn master accunt in the Accunt Selectr and then select the Cncatenate All check bx. If yu select yur wn master accunt in the Accunt Selectr, yu have access t client-nly cnslidated and cncatenated statements. 5. Click View t generate the activity statement. If yu selected PDF as the Frmat, yu will be prmpted t pen the generated reprt r save it t yur cmputer. Prprietary Trading Grup STL Accunt Getting Started Guide 45

48 Chapter 7 Activity Statements Here is an example f an HTML-based Activity Statement. Fr mre infrmatin T learn mre abut activity statements, including an explanatin f each statement sectin, see the Reprting Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 46

49 Chapter 7 Custmized Activity Statements Custmized Activity Statements Fr thse wh require a different statement frmat, IB allws yu t create and save custmized statements. These custmized statements allw yu t include r exclude specific statement sectins as well as set a variety f additinal statement ptins. Yu create custmized activity statements n the Activity Statements page Accunt Management. Fr mre infrmatin Fr mre infrmatin n hw t create a custmized activity statement, see Custmized Statements in the Reprting Guide. Third-Party Dwnlads IB ffers a number f special dwnlad frmats fr activity statements s yu can integrate yur statements with third-party applicatins, including: Micrsft Wrd Micrsft Mney Quicken Captls (Legacy) Tradelg GainsKeeper In additin, the fllwing dwnlads are available upn request: Daily Captls Dwnlads - Daily Captls dwnlads are available fr custmers upn request. Send yur request t enable Captls dwnlads t reprtingintegratin@interactivebrkers.cm. Nte that Captls dwnlads are nt available t Nn-Disclsed Brker Clients. If yu request Daily Captls Dwnlads, the Activity Dwnlads page will cntain an additinal sectin fr Daily Captls Dwnlads. PrtfliCenter (intended fr institutinal accunts; yu must request dwnladable files frm yur IB Sales Representative first). Access these dwnlad frmats in Accunt Management by clicking Reprts > Activity > Third-Party Dwnlads. Prprietary Trading Grup STL Accunt Getting Started Guide 47

50 Chapter 7 Trade Cnfirmatins Fr mre infrmatin Fr mre infrmatin abut activity dwnlads, see the Third-Party Dwnlads tpic in the Reprting Guide. Fr a cmplete list f fferings fr institutinal accunts, including PrtfliCenter, pen the Reference Menu in Accunt Management (click Reference in the lwer right crner f any screen in Accunt Management), then click Reprts > Third Party Integratin. Trade Cnfirmatins Real-time trade cnfirmatins are generated fr all executins. The Trade Cnfirmatin reprt will list trade executins separately, by asset class. Trade cnfirmatins are available fr the entire previus calendar year and frm the start f the current calendar year. Access Trade Cnfirmatins in Accunt Management by clicking Reprts > Trade Cnfirmatins > Reprts. Here is an example f a Trade Cnfirmatin reprt. Prprietary Trading Grup STL Accunt Getting Started Guide 48

51 Chapter 7 Flex Queries Fr mre infrmatin Fr detailed instructins n hw t view trade cnfirmatins, see the Trade Cnfirmatins tpic in the Reprting Guide. Flex Queries Flex Queries let yu specify exactly which fields yu want t view in yur Activity Statement r Trade Cnfirmatin reprt, the time perid yu want the reprt t cver, the rder in which yu want the fields t display, and the display frmat, TEXT r XML, in which yu want t view yur reprt. Yu can create multiple templates with different fields fr each statement. All f yur templates are stred in and run frm Accunt Management. An Activity Flex Query is different frm an Activity Statement custmized template in that yu can custmize a flex query at the field level, allwing yu t include and Prprietary Trading Grup STL Accunt Getting Started Guide 49

52 Chapter 7 Margin Reprts exclude detailed field infrmatin. Activity Statement custmized templates nly let yu include and exclude sectins. Yu generate and run Activity Flex Queries frm the Activity Flex page. Yu generate and run Trade Cnfirms Flex Queries frm the Trade Cnfirmatin Flex page. Bth are accessible frm the Reprts menu in Accunt Management. Fr mre infrmatin Fr detailed instructins, see the Reprting Guide. Margin Reprts While the real-time margin summary is displayed in the Accunt Windw in Trader Wrkstatin, ur Margin Reprt prvides yu with a detailed breakdwn f yur psitins and their crrespnding margin requirements. In rder t view this detail, yu must generate the Margin Reprt frm Accunt Management. The infrmatin cntained in the Margin Reprt is based n the margin and equity values which are btained daily at apprximately 16:15 ET fr all psitins acrss all asset classes. Margin reprts shw the margin requirements fr all pen single and cmbinatin psitins and are available fr the previus 90 days. Margin Reprts can be accessed frm the Reprts > Risk > Margin menu in Accunt Management. Prprietary Trading Grup STL Accunt Getting Started Guide 50

53 Chapter 7 Stress Test Reprt Here is an example f a margin reprt fr an Advisr client. Fr mre infrmatin Fr detailed instructins n hw t view a margin reprt, see the Margin Reprts tpic in the Reprting Guide. Stress Test Reprt The Stress Test reprt lets yu see the change in the Prfit and Lss (PNL) f yur psitins if the underlying price f each f yur psitins declines by 3%, 5%, 10%, 20% and 30% and independently increases by 3%, 5%, 10%, 20% and 30%. Yu access the Stress Test reprt by clicking Reprts > Risk > Stress Test in Accunt Management. Fr mre infrmatin Fr detailed instructins, see the Stress Test Reprt tpic in the Reprting Guide. Value at Risk Reprt The Value at Risk Summary reprt calculates yur Value at Risk (VAR) at a 99, 99.5 and 100% cnfidence levels using Principle Cmpnent Analysis. Because f the cmplexity f the calculatins required, this Prprietary Trading Grup STL Accunt Getting Started Guide 51

54 Chapter 7 Value at Risk Reprt reprt is cmpleted vernight and is nly available nce a day. If yu need real-time VAR, use the IB Risk Navigatr SM in Trader Wrkstatin, which uses a simpler calculatin. Access the Value at Risk reprt in Accunt Management by clicking Reprts > Risk > Value at Risk. Here is an example f a Value at Risk reprt. Fr mre infrmatin Fr additinal infrmatin n hw t generate the reprt, see the Value at Risk tpic in the Reprting Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 52

55 Chapter 7 PrtfliAnalyst PrtfliAnalyst PrtfliAnalyst allws yu t evaluate the perfrmance f yur IB prtfli by creating and saving reprts based n a set f measurement criteria and ptinally cmparing their data t selected industry benchmarks. Yu can create Detailed Reprts, which let yu select any cmbinatin f reprt sectins fr a variety f perfrmance analyses, r Snapsht Reprts, which are ne-page summaries f an accunt's return, NAV, asset allcatin and distributin f returns. Once yu create and save reprts, yu can run, edit r delete them. Prprietary Trading Grup Master users can als create and save cver letters called synpses and assign them t Detailed PDF reprts. Yu access PrtfliAnalyst in Accunt Management by clicking Reprts > PrtfliAnalyst. Fr mre infrmatin Fr detailed instructins n using PrtfliAnalyst, see the Reprting Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 53

56 Prprietary Trading Grup STL Accunt Getting Started Guide 54

57 8 Other Features This sectin intrduces yu t sme f the ther features available t Hedge Fund Investment Managers at IB, including the fllwing: Use Pst Trade Allcatins Open a Paper Trading Accunt Allcate Dividends and Interest Investrs' Marketplace Adding Administratrs Use Pst-Trade Allcatins Pst trade allcatins let Prprietary Trading Grup STL Master users quickly and easily allcate sme r all trades t defined clearing brkers. Yu must define settlement instructins via the Funding menu in Accunt Management befre yu will be able t allcate pst trade. Fr infrmatin abut settlement instructins, see Settlement Instructins in the Accunt Management Users' Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 55

58 Chapter 8 Use Pst-Trade Allcatins Access pst trade allcatins by lgging int Accunt Management, then clicking Trade > Pst Trade Allcatins in the menu. Yu can specify pst-trade clearing instructins at any time during the trading day, frm minutes after executin until 6:00 pm ET. Pst trade allcatins let yu: Allcate any time during the day up until 6:00 pm ET. After this time, yur trades will autmatically be allcated using the selected default clearing destinatin. Quickly unallcate any trades befre 6:00 pm ET. Cnfigure re-usable allcatin templates that allw yu t quickly allcate ne r multiple trades t a pre-defined clearing brker r set f clearing brkers. Imprt allcatins frm a prperly-frmatted.csv file. Create a custm Average Price trade by selecting trades fr the same symbl and side where nly the price differs. By default an average price display is expandable t shw actual trades and trade prices. Define cnfiguratin preferences including allcatin settings, display preferences and symbl display. Manage dd lts allcatins. By default, the feature is set t allw rund lts nly. Fr mre infrmatin Fr cmplete instructins n using pst trade allcatins, see the Accunt Management Users Guide. Prprietary Trading Grup STL Accunt Getting Started Guide 56

59 Chapter 8 Opening a Paper Trading Accunt Opening a Paper Trading Accunt Once yur regular trading accunt has been apprved and funded, yu are eligible t pen a Paper Trading Accunt. All paper trading accunts start with 1,000,000 USD f paper trading equity, which allws yu experiment with the full range f IB trading facilities in a simulated envirnment which uses real market cnditins. Once yu cmplete the applicatin, the paper trading accunt is available within 24 hurs under nrmal business circumstances. Yu will be ntified by when the accunt is ready fr trading. T apply fr a paper trading accunt 1. Lg in t Accunt Management. 2. Click Manage Accunt > Settings > Paper Trading. 3. Click Cntinue. The fllwing page pens: Prprietary Trading Grup STL Accunt Getting Started Guide 57

60 Chapter 8 Paper Trading Accunt Reset 4. Type a five-character paper trading accunt username in the field prvided. 5. Type a paper trading accunt passwrd in the field prvided. The passwrd must be frm six t eight characters and must cntain at least ne number and n spaces. 6. Re-type the passwrd in the field prvided, then click Cntinue. The system will generate a full username fr yu when yu click Cntinue. 7. Yu are prmpted t click Yes t cnfirm yur request fr a paper trading accunt, r click N t cancel yur request. Be sure t write dwn yur username and passwrd; yur passwrd will nt be shwn n the screen again. Fr mre infrmatin Fr details n managing yur PaperTrader accunt, see the Accunt Management User s Guide. Paper Trading Accunt Reset All paper trading accunts start with 1,000,000 USD f paper trading equity. Yu may reset this equity at any time using the Paper Trading Accunt Reset page in Accunt Management. Simply lg in t Accunt Management with yur paper trading accunt username and passwrd, then click Trade > Paper Trading Accunt Reset. Prprietary Trading Grup STL Accunt Getting Started Guide 58

61 Chapter 8 Paper Trading Accunt Statements Yu can als reset yur paper trading equity in yur prductin accunt. Lg in t Accunt Management using yur prductin accunt lgin credentials, and then click Manage Accunt > Security > Reset Paper Trading Accunt Passwrd. Paper Trading Accunt Statements The Paper Trading Accunt Statements page lets yu view and print daily statements fr yur paper trading accunt, and dwnlad trade infrmatin t Micrsft Wrd and Micrsft Excel. Daily statements cver the last 45 days. Lg int Accunt Management with yur paper trading accunt username and passwrd, then click Reprts > Activity > Statements. Allcate Dividends and Interest There are tw ways t allcate dividends and interest in an STL accunt: Net Methd Grss Methd Prprietary Trading Grup STL Accunt Getting Started Guide 59

62 Chapter 8 Net Methd These are described belw. Net Methd Using the Net Methd, all accunt hldings are netted acrss all client accunts fr the purpse f calculating interest and dividends. The result is bked t the master accunt. The Net Methis the easiest way f reflecting the charge fr the entire STL accunt family. Grss Methd Using the Grss Methd, every client accunt is handled separately. Each client accunt is charged interest and dividends accrding the assets in the client accunt. Since the STL accunt family s ttal charge is based n the Net Methd, the difference the Net Methd and the Grss Methd is bked t the master accunt. The Grss Methd allws an STL accunt family t track the cnstituent s perfrmance fr dividends and interest. All STL accunts pened after December 2012 will default t the Grss Methd. T change the dividend and interest allcatin methd, cntact yur IB sales representative r submit a Custmer Service ticket in Accunt Management. Investrs' Marketplace Investrs' Marketplace is a free nline frum where IB custmers can frm cnnectins with service prviders and d business tgether n Interactive Brkers' platfrm. Hedge Fund Investment Managers can search fr service prviders, including Financing Firms, n the IB website r within Accunt Management. Investment Managers can participate in the Hedge Fund Capital Intrductin Prgram by advertising in the Hedge Fund Marketplace, r can advertise ther third-party services that they ffer, such as research r sftware tls. Frm the IB website, Investrs' Marketplace is available by clicking the link at the bttm f any page. Brwse the different categries f service prviders and, when yu find a service prvider with whm yu want t d business, yu can cntact the prvider directly r lg int Accunt Management t cnnect, depending n the type f service prvider. In Accunt Management, search fr service prviders frm the Investrs' Marketplace > Search Services menu. Service prviders available t Hedge Funds are rganized int categries: Prprietary Trading Grup STL Accunt Getting Started Guide 60

63 Chapter 8 Adding Administratrs Research - Search fr and cnnect with third-party prviders f institutinal-caliber research directly in the Trader Wrkstatin trading platfrm; educatrs wh have expertise in trading, specific prducts and ther tpics; and news wires and research feeds fr Trader Wrkstatin. Technlgy - Search fr and cnnect with large and small third-party vendrs wh have ptentially cmplementary sftware prgrams t expand the functinality f TWS, and prgramming cnsultants wh may be able t assist API and FIX CTCI custmers by ffering their prgramming expertise. Administratin - Search fr and link t registered Administratrs, third-party cmpliance firms, and manage yur linked Administratrs. Business Develpment - Search fr and cnnect with third-party prviders f advertising and marketing services, financing firms, business analysts, and individual jb seekers. Prprietary Trading Grups wh als prvide research, technlgy, business develpment services r have pen psitins t fill can advertise thse services n Investrs' Marketplace frm within Accunt Management. Advertise these services frm the Investrs' Marketplace > Advertise Services menu in Accunt Management. Visit the Investrs' Marketplace here. Adding Administratrs This sectin describes hw yu can link t an Administratr fr the purpse f prviding third-party administrative tasks such as reprting fr yur sub accunts. The fllwing tpics are included: Administratr Overview Administratr Marketplace Managing Administratrs Administratr Overview Administratrs are users wh have registered with Interactive Brkers fr the purpse f perfrming thirdparty administratin such as reprting fr ther accunts. Administratrs pen their wn accunts and yu can shp fr Administratrs in the Administratr Marketplace. Prprietary Trading Grup STL Accunt Getting Started Guide 61

64 Chapter 8 Administratr Marketplace An Administratr accunt applicant cmpletes the Administratr registratin prcess. Infrmatin entered int the applicatin is added t the Administratr Marketplace upn accunt apprval. The Administratr lgs int Accunt Management and mdifies his r her Marketplace infrmatin if necessary. Yu pen the Administratr Marketplace in Accunt Management t search fr an Administratr. Yu select an Administratr in the Marketplace and a request is sent t the Administratr. Yu can als link directly t a selected Administratr by entering the Administratr's accunt number. The Administratr is ntified f the linking request and accepts (r rejects) the request in Accunt Management. Once accepted, the Administratr is linked t the requesting accunt. Yu assign client accunts t the linked Administratr. Administratr Marketplace Use the Administratr Marketplace t: Brwse available Administratrs. Select a preferred methd f being cntacted by selected Administratrs and send cntact requests. Add Administratrs (send link requests). Access the Administratr Marketplace by clicking Investrs Marketplace > Search Services > Administratrs in Accunt Management. Prprietary Trading Grup STL Accunt Getting Started Guide 62

65 Chapter 8 Managing Administratrs Fr mre infrmatin T learn mre abut the Administratr Marketplace, see Administratr Marketplace in the Accunt Management Users' Guide. Managing Administratrs Use the Manage Administratr page in Accunt Management t: Add an Administratr by entering his r her accunt number. View active and pending Administratrs. Delink an Administratr frm yur accunt. Assign client accunts t an Administratr. Remve client accunts frm an Administratr. Access the Manage Administratrs page by clicking Investrs' Marketplace > Search Services > Administratin > Manage Administratrs. The fllwing image shws the Manage Administratrs page. Prprietary Trading Grup STL Accunt Getting Started Guide 63