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Getting Started as an IB Omnibus Broker

This Getting Started guide provides a comprehensive collection of the tasks you will want to complete as a new IB Omnibus Broker. In the Omnibus Broker account structure, all trades are placed by you on behalf of your clients, who are unknown to Interactive Brokers, your clients do not trade directly. Each trade must be marked with the appropriate open or close indicator, to ensure that the trades are placed into the correct long or short account.

Please note that this guide is designed as a reference for new users, and comprises a very small subset of the information and trading features available to you through IB and the TWS. The guide assumes the following:

• That your account has been approved and funded.
• That you are the Broker master.
• That a Proprietary Account for Broker-Dealers was automatically created for your own personal trading during the application process.

Must Consider:

• Understand how to log in to Account Management.
• Activate your Secure Login System device.

• Understand the process and timing of account funding, including:
• Fund the Master Account and the Proprietary Account for Broker-Dealers
• Fund Client Accounts

• Add and manage client accounts:
• Trade:
• Subscribe to Market Data
• Log in to TWS
• Add Market Data Lines
• Broker Trading
• Use Real-time Activity Monitoring
• Familiarize yourself with activity statements and other features of our reporting system

May Want to Consider:

• Open a Paper Trading Account
• Broker White Branding
• Configure OATS Settings for Client Accounts
• Update Your Broker Information
• Customer Activity Monitor
• Administrators