Open topic with navigation

IB FYI

FYIs are notifications and automatic actions in your trading account based on your portfolio, order history and trading activity that are designed to help you stay on top of relevant dates and events. You configure FYI automatic actions on the IB FYI screen in Account Management. You configure FYI notifications in TWS.

FYIs are intended as a convenience; do not rely on them as a comprehensive or primary source of information.

FYI Automatic Actions in Account Management

• Dividends - Automatically exercise US dividend-related stock and ETF options. If you select this Automatic Action, IB's system will determine whether is likely to be beneficial to you to exercise call options early, using predefined mathematical criteria and based on well-established theories of option pricing and efficient markets. The system will then send you a notification two days before the stock trades ex-dividend and, if the determination remains favorable, automatically exercise the option early with no action required from you.

All customers who can trade US dividend-related options are eligible for this automatic action EXCEPT:

• Japan accounts
• India accounts
• UK passport country residents
• UKL standalone accounts
• Hong Kong residents
• Australian residents
• Economic Event Order Suspension - Twenty seconds before a major economic event, pauses all of your active orders for 40 seconds. Once you enable this automatic action in Account Management, you will receive bulletins inside the trading platform which report the times and descriptions of the economic events. Economic events include GDP, non-farm payrolls, PPI, CPI and so on.

FYI Notifications in TWS

You cannot configure FYI notifications in Account Management. You must log into TWS to configure them.

Who can access the IB FYI screen?

All accounts except Advisor Clients.

To set FYI options

1. Click Settings > Account Settings.
2. If you manage or maintain multiple accounts, the Account Selector opens. Search for and select the account whose account alias you want to change.
3. In the Configuration panel, click the Configure (gear) icon for IB FYIs.

   The IB FYI screen opens.

   

4. Click the check box next to the automatic action you want to enable. Deselect a check box to disable an automatic action.
5. Click CONTINUE.
6. Read the disclosures and agreements that appear, type your signature in the field provided and click CONTINUE.
7. Click Ok to return to the Account Settings screen.