MiFIR Transaction Reporting

Instructions

TWS and the API now support MiFIR reporting. In TWS:

• Define a default decision-maker and execution trader for both TWS and the API in Global Configuration;

• Specify decision-maker on a per-order basis in Mosaic Order Entry, and Classic TWS order line and order ticket.

Set MiFIR Defaults in Global Configuration

You can define default TWSand API decision-maker and execution trader values in Global Configuration for MiFIR reporting. To access these settings please take the steps outlined below.

1. For Mosaic - Navigate to the File menu and select Global Configuration.

   For Classic TWS - Navigate to the Edit menu and select Global Configuration.

2. Select Orders and then select MiFIR.

   

3. Define the following default values:

   TWS Defaults

   • Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via TWS.

   • Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via TWS.

   • Decision Maker: - Select a decision maker to use as the default. Choices are those that were defined in the Portal.

   • I will provide Decision Maker - No default decision-maker will be named; you must define a decision maker on a per-order basis.

   API Defaults

   • Decision Maker is the owner of the account - The account owner will be named as the default decision-maker for all orders submitted via the API.

   • Decision Maker is myself - You, the trader, will be named as the default decision-maker for all orders submitted via the API.

   • Decision Maker: - Select a default decision maker to use as the default. Choices are those that were defined in the Portal.

   • Decision Algo: - Select a default decision algo to use as the default. Choices are those that were defined in the Portal.

   • I will provide Decision Maker or Algo - No default decision-maker or decision-algo will be used by default; you must define one on a per-order basis.

   Execution Defaults

   • Execution Algo - Select a default executing algo to use as the default. Choices are those that were defined in the Portal.

   • Execution Trader: Select a default executing trader to use as the default. Choices are those that were defined in the Portal.

   • Execution Trader is myself, or I will provide on each order - No execution trader or algo will be used by default; you must define one on a per-order basis.

TWS Per-Order Decision Marker Selection

You can specify a decision-maker or change the default on a per-order basis from the Mosaic Order Entry panel, the Classic TWS order line, or the Order Ticket.

From Mosaic Order Entry, use the advanced panel to display the decision-maker drop-down. If you defined a default selection in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

From the Classic TWS order line, use the Decision-Maker field drop-down to make a selection. If you defined a default decision-maker in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

From the TWS Order Ticket, select or change the decision-maker from the Investment Decision section of the window. If you defined a default decision-maker in Global Configuration, that value is displayed; if you did not set a default, the field displays "NOT SELECTED" and you must define a decision-maker for the order to be accepted.

 

Additional Resources

Learn About Trader Workstation for Advisors at IBKR Campus

Visit the Trader Workstation Website

View the Overview of MiFIR Transaction Reporting page