Interactive Brokers has introduced the Tax Loss Harvest tool to its trading-focused users, allowing them to realize tax benefits from long- and short-term capital losses.

To use the tool, place your cursor over a position, right-click, and select "Tax Loss Harvest". To apply the tool to multiple stocks at once, open the Classic version of the TWS platform, and on the "Portfolio" page, click on "Tax Loss Harvest" in the upper right corner of the page.

The broker warns that the multi-stock Tax Loss Harvest tool is currently only available in the beta version of TWS.

Interactive Brokers also announced a new Future Features tool in TWS that allows users to suggest and vote on features they would like to see in the trading platform.

In addition, the broker has simplified the process of rolling up a futures position (closing one position and opening a new one on the same contract but with a different expiration date) with a new Futures Roll feature.