Interactive Broker API

ww250 · October 12th, 2010, 7:09 pm

Anybody used Interactive Brokers for building a home algorithmic trading platform? Any reviews on the APIs, +/- sides of using IB for this purpose

Hansi · October 12th, 2010, 7:30 pm

Don't use it myself but have helped one person set up a platform via the IB API and it's pretty intuitive and good to use for basic automatic trading.There are some reviews here: http://www.trade2win.com/section/reviews

strimp099 · October 21st, 2010, 4:25 pm

How are you connecting to the API? (MATLAB, COM, Java, etc.)

tradelink · October 21st, 2010, 5:07 pm

main limitation of IB is that they sample their quote feed, so you don't get all trades/quotes. If you are ok with that limitation it's pretty solid.

ww250 · October 23rd, 2010, 1:05 pm

QuoteOriginally posted by: strimp099How are you connecting to the API? (MATLAB, COM, Java, etc.)C++, THX

ww250 · October 24th, 2010, 2:34 am

QuoteOriginally posted by: outrunWhat about using it only for order routing, and get the quotes from somewhere else?I was thinking so, bUT don't know which level 2 data provider to use, would appreciate any suggestions.

ww250 · October 24th, 2010, 12:13 pm

QuoteOriginally posted by: outrunQuoteOriginally posted by: ww250QuoteOriginally posted by: outrunWhat about using it only for order routing, and get the quotes from somewhere else?I was thinking so, bUT don't know which level 2 data provider to use, would appreciate any suggestions.I could use the same suggestion Would really like to learn about a good internet based quote feed, with API, and retail pricesIB LSE level 2 data seems okay, at least for trying out initially according to reviews online, only 5 gbp per month anyway, a negligible overhead.