OmniVest User Forums
Questions on Using the Trade Processor
IB Advisor account support for Trade Processor
2 replies, 955 viewings
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OmniVest User Forums
Questions on Using the Trade Processor
IB Advisor account support for Trade Processor
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Last Activity 7/17/2018 6:22 PM 2 replies, 955 viewings |
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Wes Smith Veteran   Posts: 199 Joined: 10/11/2012 Location: Ontario,Canada  User Profile |
Will TP work properly with IB's Advisor accounts? I have a Family Advisor account that has a few client accounts. | ||
| SteveL Veteran Posts: 189 Joined: 10/11/2012 Location: Boulder, CO User Profile |
I asked a similar question in OT forum in 2014: http://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=8861&posts=1#33539 After some experimenting, the only way I could see to do it, would be configure a group (I'm not sure if that is the exact terminology), and submit trades to the group. The trade can be spread out proportionally to each account in the group. That may, or may not, be suitable for what you are looking for. But I recall there being a lot of problems/restrictions with this approach. Basically, there is no way to specify a specific client account when submitting trades through the master/advisor from within OT. IB told me the same thing they told tradermike. The 3rd party software (Nirvana) would need to support the advisor/client model. But it doesn't. After writing this, I realized you are asking about TP. My assumption is that the same problem exists as OT. | ||
| Wes Smith Veteran Posts: 199 Joined: 10/11/2012 Location: Ontario,Canada User Profile |
Just saw your reply. Yes.. this is what I want. I've created a group of accounts in my Advisor TWS and I want the TP to trade just that group. No need to specify individual accounts. OV/TP would have a trade for 1000 shares of IBM and TWS Advisor should share that over the sub-accounts as configured. I'll give it a try. Thad at Nirvana support hinted there were improved IB interfaces in the pipeline.. so maybe this will all become moot !! |
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