Post Trade Allocations
When you elect PTA from TWS IBExecution Services, you can provide clearing instructions at any time within the trading day, from seconds after execution up until 6:00 pm ET. Note that allocation requests are sent to the OCC within 15 minutes of submittal, and trades that have not been allocated by 6:00 pm ET are automatically routed to your primary clearing broker.
To allocate Post-Trade from TWS
Select Post Trade Allocations from the View menu.
Select an instruction on an execution line, and click Submit.
Note that you can sort executions by any of the columns red; simply click a column heading to resort your data.
To activate the Post Trade Allocation feature, please contact your IB Sales Representative. Also, ask your sales rep about our end-of-day FTP file exchange to allocate US options trades.
The Post Trade Allocation window lists all trades for the current date
that are pending allocation. You can sort data by the columns highlighted
in red in the picture below; simply click a column heading to resort the
display.
Available clearing firms
are displayed in the Clear Firm ID pulldown automatically, based
on the CMTA instructions you entered.
Use the Group pulldown
to group a trade and average price it to one or more clearing brokers.
The Split feature
lets you split and allocate a single transaction to multiple clearing
firms.
Make allocations any
time during the trading day, from seconds after execution up until 6:00
pm ET.
Allocation requests are
sent to the OCC within 15 minutes of submittal.
Trades that are not allocated
are routed to the default instruction at 6:00 pm ET.