IB proporciona una función que permite a los titulares de cuenta comprobar qué impacto, si lo hubiere, tendría una orden sobre la Tarifa de Exposición proyectada. La función debería utilizarse antes de enviar la orden, para proporcionar una notificación por adelantado respecto a la tarifa y permitir que se realicen cambios en la orden antes de su envío para minimizar o eliminar la tarifa.
Esta función se activa si hace clic derecho en la línea de orden; se abrirá la ventana Vista Previa de Orden. Esta ventana contiene un enlace llamado "Comprobar el impacto de tarifa de exposición" (vea la casilla destacada en rojo en el ejemplo 1 siguiente).
Ejemplo I
Si hace clic en el enlace, se expandirá la ventana y se mostrará la tarifa de exposición, si la hubiere, asociada con las posiciones actuales, el cambio de la tarifa si se ejecutara la orden y la tarifa total resultante al ejecutarse la orden (vea la casilla destacada en rojo en el Ejemplo II siguiente). Estos saldos se desglosan más aún por clasificación de producto a la cual se aplica la tarifa (por eje. liquidez, crudo). Los titulares de cuenta pueden simplemente cerrar la ventana sin transmitir la orden si consideran que el impacto en la tarifa es excesivo.
Ejemplo II
Por favor, consulte el artículo KB2275 para información respecto al uso del Risk Navigator de IB para gestionar y proyectar la tarifa de exposición y el artículo KB2344 para monitorizar tarifas a través de la Ventana de Cuenta.
El Risk Navigator de IB proporciona una función para personalizar escenarios que permite determinar el efecto, si lo hubiera, que tendrían los cambios de la cartera sobre la tarifa de exposición. Abajo se indican los pasos para crear una cartera “¿y si?” a través de cambios asumidos para una cartera existente o a través de una cartera propuesta completamente nueva junto al tiempo que se determina la tarifa resultante. Tenga en cuenta que esta función está disponible solo para la versión 951 y superiores de TWS.
Por favor, consulte el artículo KB2344 para más información sobre monitorización de la tarifa de exposición a través de la ventana de cuenta y el artículo KB2276 para verificar la tarifa de exposición a través de la pantalla Vista previa de Órdenes.
IB provides a feature which allows account holders to check what impact, if any, an order will have upon the projected Exposure Fee. The feature is intended to be used prior to submitting the order to provide advance notice as to the fee and allow for changes to be made to the order prior to submission in order to minimize or eliminate the fee.
The feature is enabled by right-clicking on the order line at which point the Order Preview window will open. This window will contain a link titled "Check Exposure Fee Impact" (see red highlighted box in Exhibit I below).
Exhibit I
Clicking the link will expand the window and display the Exposure fee, if any, associated with the current positions, the change in the fee were the order to be executed, and the total resultant fee upon order execution (see red highlighted box in Exhibit II below). These balances are further broken down by the product classification to which the fee applies (e.g. Equity, Oil). Account holders may simply close the window without transmitting the order if the fee impact is determined to be excessive.
Exhibit II
Please see KB2275 for information regarding the use of IB's Risk Navigator for managing and projecting the Exposure Fee and KB2344 for monitoring fees through the Account Window
Important Notes
1. The Estimated Next Exposure Fee is a projection based upon readily available information. As the fee calculation is based upon information (e.g., prices and implied volatility factors) available only after the close, the actual fee may differ from that of the projection.
2. The Check Exposure Fee Impact is only available for accounts that have been charged an exposure fee in the last 30 days
IB's Risk Navigator provides a custom scenario feature which allows one to determine what effect, if any, changes to their portfolio will have to the Exposure fee. Outlined below are the steps for creating a “what-if” portfolio through assumed changes to an existing portfolio or through an entirely new proposed portfolio along with determining the resultant fee. Note that this feature is available through TWS build 971.0i and above.
Please see KB2344 for information on monitoring the Exposure fee through the Account Window and KB2276 for verifying exposure fee through the Order Preview screen.
Important Note
1. The on-demand Exposure Fee check represents a projection based upon readily available information. As the fee calculation is based upon information (e.g., prices and implied volatility factors) available only after the close, the actual fee may differ from that of the projection.
Unless an account holds solely long stock, bond, option or forex positions which have been paid for in full (i.e., no margin) and/or contains limited risk derivative positions such as option spreads, it is at risk of losing more than the original investment.
In the case of portfolios where the risk is indeterminable, there is no mechanism whereby the account holder can specify, at the portfolio level, a maximum dollar threshold of losses which, if reached, would limit their liability. IB does, however, provide a variety of tools and settings designed to assist account holders with managing and monitoring their exposure, including specialized order types, alerts and the Risk Navigator. A brief overview of each is provided below:
Order Types
Account holders may manage exposure on an individual trade level through several order types designed to limit risk. These order types include, but are not limited to: Stop, Adjustable Stop, Stop Limit, Trailing Stop and Trailing Stop Limit Orders. All of these order types allow you to specify an exit level for your individual positions based on your risk tolerance. For example, an account holder long 200 shares of hypothetical stock XYZ at an average price of $20.00 seeking to limit their loss to $500.00 could create a Stop Limit order having a Stop Price of $18.00 (the price at which a limit sell order is triggered) and a Limit Price of $17.50 (the lowest price at which the shares would be sold). It's important to note, however, that while a Stop Limit eliminates the price risk associated with a Stop order where the execution price is not guaranteed, it exposes the account holder to the risk that the order may never be filled even if the Stop Price is reached. For instructions on creating a Stop Limit order, click here.
Alerts
Alerts provide account holders the ability to specify events or conditions which, if met, trigger an action. The conditions can be based on time, trades that occur in the account, price levels, trade volume, or a margin cushion. For example, if the account holder wanted to be notified if their account was nearing a margin deficiency and forced liquidation, an alert could be set up to send an email if the margin cushion fell to some desired percentage, say 10% of equity. The action may consist of an email or text notification or the triggering of a risk reducing trade. For instructions on creating an Alert, click here.
Risk Navigator
The Risk Navigator is a real-time market risk management platform contained within the TraderWorkstation, which provides the account holder with the ability to create 'what-if' scenarios to measure exposure given user-defined changes to positions, prices, date and volatility variables which may impact their risk profile. For information on using an Risk Navigator, click here.
How to create a What-if Scenario using IB's Risk Navigator
Click here to watch: Risk Navigator Session 1 - Introduction
Click here to watch: Risk Navigator Session 2 - Custom Scenario
For detailed information on how to create What-if scenarios please refer to the TWS Online User's Guide.
How to create a custom scenario using IB's Risk Navigator.
Click here to view: IB's Risk Navigator Session 1 - Introduction
Click here to view: IB's Risk Navigator Session 3 - What-if Scenario
For detailed information please refer to the TWS Online User's Guide.
A Brief Introduction to Interactive Broker's Risk Navigator
Click here to view: IB's Risk Navigator Session 2 - Custom Scenario
Click here to view: IB's Risk Navigator Session 3 - What-if Scenario
For detailed information please refer to the TWS Online Users Guide.