Info for Educators

Step 1: Application Process

IB now offers PaperTrading accounts that expire May 31, 2012. Please follow the steps below:

1. You must submit the initial registration form. For each participating student you must provide first name, last name and email address.
2. IB will send personalized email invitations to you and to each student on your list.
3. Participating students should follow the instructions to complete the registration form. Participants must record their username and password during registration as IB will not be able to retrieve this information.
4. PaperTrading accounts will be approved and activated within 1-3 business days. Participants can check the status of their account by logging into Account Management.

You are welcome to open your own account by completing the registration form in the email invitation.

Step 2: Trading Access

Login. You and your students can trade via different portals, all of which can be accessed with your IB username and password:

• Browser-based or standalone Trader Workstation (TWS). The TWS is our most powerful, full-featured platform that supports trading of multiple, global assets using numerous order types and algos, and offers many sophisticated trading tools.
• WebTrader - a scaled-down version with a simplified interface that may better serve the novice trader or one who generally trades a single instrument, or uses more basic order types.
• Mobile Solutions - to trade your IB account on the go from just about any mobile device:
  • iTWS - for Apple iPad, iPhone™ or iPod Touch.
  • mobileTWS for Android ®
  • TWS for BlackBerry® - for a variety of BlackBerry® phones.
  • MobileTrader - to use with most mobile devices that use a WAP browser.
• Application Program Interface - program traders may build their own add-on applications in Excel (using DDE or ActiveX), C++, Posix C++, Java, and Visual Basic with our proprietary IB Application Program Interface (API), which requires connectivity via either the TWS or the IB Gateway
• Products and Features. Participants can trade most US futures, options, stocks, futures options, bonds, and Forex products. Use most IB order types, and experiment with almost every aspect of the platform. Please see the Resource Center tab for links to reference and educational materials. Note that TWS provides full access while other portals may support limited product and order types.
• Commissions, Margin and Trade Execution. IB standard commissions and margin rules apply (charged in paper equity). Trades entered into the paper trading account will not actually execute on any exchange or settle at a clearing house, but the executions price will be determined by real market prices and sizes.

Step 3: Account Management

Participants can manage their accounts through Account Management which is accessed from the Login menu on the IB website using their IB username and password. The following functions are available:

• Account cash equity reset. All cash resets will appear on the user's statement.
• Report management functionality
  • Generate Activity Statements - in a HTML/Web or PDF format. Statements can be daily or cover a custom range of dates
  • Create Activity Flex Reports to build customized statements with specific fields, field order and activity period. The format is XML or TEXT (with 3 text separator options - Pipe, Comma or Tab)
  • Use Trade Confirms Flex Templates which allow the user to create customized Trade Confirmation reports by choosing specific fields, field order, and time period. The format is XML or TEXT (with 3 text separator options - Pipe, Comma or Tab)
• Password change. Please encourage students to record their username and password as this cannot be reset or retrieved by IB.

Account Expiration

Please make a note of the date your account will expire so that you can archive your statements and other information before the account is closed.

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=prof

Info for Students

Step 1: Application Process

IB now offers PaperTrading accounts that expire May 31, 2012. Please follow the steps below:

1. Follow the instructions in your email invitation to complete the registration form. Please remember to record your username and password during registration as IB will not be able to retrieve this information.
2. PaperTrading accounts will be approved and activated within 1-3 business days. You can check the status of your account by logging into Account Management using your IB username/password.

Step 2: Trading Access

Login. You can trade via different portals, all of which are accessed using your IB username and password:

• Browser-based or standalone Trader Workstation (TWS). The TWS is our most powerful, full-featured platform that supports trading of multiple, global assets using numerous order types and algos, and offers many sophisticated trading tools.
• WebTrader - a scaled-down version with a simplified interface that may better serve the novice trader or one who generally trades a single instrument, or uses more basic order types.
• Mobile Solutions - to trade your IB account on the go from just about any mobile device:
  • iTWS - for Apple iPad, iPhone™ or iPod Touch.
  • mobileTWS for Android ®
  • TWS for BlackBerry® - for a variety of BlackBerry® phones.
  • MobileTrader - to use with most mobile devices that use a WAP browser.
• Application Program Interface - program traders may build their own add-on applications in Excel (using DDE or ActiveX), C++, Posix C++, Java, and Visual Basic with our proprietary IB Application Program Interface (API), which requires connectivity via either the TWS or the IB Gateway.

Products and Features. You will be able to trade most US futures, options, stocks, futures options, bonds, and Forex products. Use most IB order types, and experiment with almost every aspect of the platform. Please see the Resource Center tab for links to reference and educational materials. Note that TWS provides full access while other portals may support limited product and order types.

Commissions, Margin and Trade Execution. IB standard commissions and margin rules apply (charged in paper equity). Trades entered into the paper trading account will not actually execute on any exchange or settle at a clearing house. However, the price of your executions will be determined by real market prices and sizes.

Step 3: Account Management

Manage your account through Account Management which is accessed from the Login menu on the IB website using your IB username and password. The following functions are available:

• Account cash equity reset. Students are encouraged to check with their instructor before utilizing this feature. All cash resets will appear on the user's statement.
• Report management functionality
  • Generate Activity Statements - in a HTML/Web or PDF format. Statements can be daily or cover a custom range of dates
  • Create Activity Flex Reports to build customized statements with specific fields, field order and activity period. The format is XML or TEXT (with 3 text separator options - Pipe, Comma or Tab)
  • Use Trade Confirms Flex Templates which allow the user to create customized Trade Confirmation reports by choosing specific fields, field order, and time period. The format is XML or TEXT (with 3 text separator options - Pipe, Comma or Tab)
• Password change. You must make a note of your username and password as it cannot be reset or retrieved by IB.

Reference Materials

Students are encouraged to view the Resource Center tab.

Account Expiration

Please make a note of the date your account will expire so you that you can archive your statements and other information before the account is closed.

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=student

Education
Traders' University iPad Ready!	Interactive Tours   iPad Ready!	IB Market Briefs	User Documentation
Trading Platforms
Trading Platforms	Mobile Solutions	API Solutions	Platform Demos
Trading Resources
Exchanges	Contract Info	Order Types	Margin
Options Exercise	Futures Delivery	Traders' Calendar	System Status
My Account
Account Management Login	Statements & Reports

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=resource

If you have any questions regarding this program, or issues with the application or the PaperTrading account set-up, you may email us at ibstudenttradinglab@interactivebrokers.com.

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=contact

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=hub

Careers at Interactive Brokers

We encourage students to explore the employment opportunities at IB.

http://www.interactivebrokers.com/en/p.php?f=ibStudentTradingLab&p=resume