Interactive Brokers Unveils Mobile Trading Application IMPACT

Interactive Brokers, one of the biggest US-based brokerage firm, recently announced that it has launched IMPACT, a patent pending mobile trading application for socially conscious investors. The application is designed to help these investors easily align their portfolios with their values.

IMPACT allows investors to select their personal investment criteria from 13 impact values and principles: Clean Air, Pure Water, Ocean Life, Land Health, Consumer Safety, Ethical Leadership, Gender Equality, Racial Equality, LGBTQ Inclusion, Company Transparency, Sustainable Product Lifecycle, Mindful Business Models, and Fair Labor & Thriving Communities.

Moreover, investors can also exclude investments based on 10 categories available on the mobile application: animal testing, business ethics controversies, corporate political spending and lobbying, energy-intensive, fossil fuels, greenhouse emissions, hazardous waste, high water usage, tobacco, alcohol and gambling, and weapons and gun manufacturers.

"IMPACT takes the utility and values alignment offered by our Impact Dashboard and places it at the palm of the investor's hand,"said Will Peterffy, ESG Director at Interactive Brokers."We're leading a new generation of investors making values-based investments by enabling them to develop their own conscious investment plan based on their personal values providing accountability and transparency."

IMPACT also includes the "Swap" feature, a unique offering that gives users the ability to swap positions in the same dollar amount from one security to another. With one tap, investors can buy and sell securities simultaneously based on the comparative impact scores of one company versus another.

This week, the broker has posted its trading volumes for the month of October. It registered a DARTs of 2.305 million, 2% higher than the previous month and 31% higher than the previous year.