Trading and Orders

Financial Advisors

Introduction

Financial Advisor accounts enable certified professionals to use a single trading algorithm to manage several client accounts. Our Interactive Brokers integration enables you to place FA group orders if your IB account code starts with F, FA, or I.

Group Routing

To place trades using a subset of client accounts, create Account Groups in Trader Workstation and then define the InteractiveBrokersOrderProperties when you create orders.

DefaultOrderProperties = new InteractiveBrokersOrderProperties
{
    FaGroup = "TestGroupEQ",
    FaMethod = "EqualQuantity",
    Account = "DU123456"
};
self.DefaultOrderProperties = InteractiveBrokersOrderProperties()
self.DefaultOrderProperties.FaGroup = "TestGroupEQ"
self.DefaultOrderProperties.FaMethod = "EqualQuantity"
self.DefaultOrderProperties.Account = "DU123456"

SecurityHolding objects aggregate your positions across all the account groups. If you have two groups where group A has 10 shares of SPY and group B has -10 shares of SPY, then self.Portfolio["SPY"].QuantityPortfolio["SPY"].Quantity is zero.

Allocation Methods

The following table shows the supported allocation methods for FA group orders:

FaMethodDescription
"EqualQuantity"Distributes shares equally between all accounts in the group. If you use this method, specify an order quantity.
"NetLiq"Distributes shares based on the net liquidation value of each account. The system calculates ratios based on the net liquidation value in each account and allocates shares based on these ratios. If you use this method, specify an order quantity.
"AvailableEquity"Distributes shares based on the amount of available equity in each account. The system calculates ratios based on the available equity in each account and allocates shares based on these ratios. If you use this method, specify an order quantity.
"PctChange"Increases or decreases an already existing position. Positive percents increase positions and negative percents decrease positions. If you use this method, specify a percent instead of an order quantity.
 
public override void Initialize()
{
    // Set the default order properties
    DefaultOrderProperties = new InteractiveBrokersOrderProperties()
    {
        FaGroup = "TestGroupEQ",
        FaMethod = "EqualQuantity",
        Account = "DU123456"
    };
}

public override void OnData(Slice slice)
{
    // Use default order order properties
    LimitOrder(_symbol, quantity, limitPrice);

    // Override the default order properties
    // "NetLiq" requires a order size input
    LimitOrder(_symbol, quantity, limitPrice, 
               orderProperties: new InteractiveBrokersOrderProperties
               { 
                   FaMethod = "NetLiq" 
               });

    // "AvailableEquity" requires a order size input
    LimitOrder(_symbol, quantity, limitPrice, 
               orderProperties: new InteractiveBrokersOrderProperties
               { 
                   FaMethod = "AvailableEquity" 
               });
    
    // "PctChange" requires a percentage of portfolio input
    SetHoldings(_symbol, pctPortfolio,
                orderProperties: new InteractiveBrokersOrderProperties
                { 
                    FaMethod = "PctChange" 
                });
}
def Initialize(self) -> None:
    # Set the default order properties
    self.DefaultOrderProperties = InteractiveBrokersOrderProperties()
    self.DefaultOrderProperties.FaGroup = "TestGroupEQ"
    self.DefaultOrderProperties.FaMethod = "EqualQuantity"
    self.DefaultOrderProperties.Account = "DU123456"

def OnData(self, slice: Slice) -> None:
    # Override the default order properties
    # "NetLiq" requires a order size input
    order_properties = InteractiveBrokersOrderProperties()
    order_properties.FaMethod = "NetLiq"
    self.LimitOrder(self.symbol, quantity, limit_price, orderProperties=order_properties)

    # "AvailableEquity" requires a order size input
    order_properties.FaMethod = "AvailableEquity"
    self.LimitOrder(self.symbol, quantity, limit_price, orderProperties=order_properties)

    # "PctChange" requires a percentage of portfolio input
    order_properties.FaMethod = "PctChange"
    self.SetHoldings(self.symbol, pct_portfolio, orderProperties=order_properties)

Subscription Requirements

To use FA group orders through our Interactive Brokers integration, you need to connect as a member of a Trading Firm and Institution organization. If you aren't currently on either of these tiers, upgrade your organization.

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