Interactive Brokers enhances TWS API
Electronic trading major Interactive Brokers continues to enhance its API, with the latest release (10.15) adding a raft of new features.
The solution now offers:
- Support of MOT (Manual Order Time) and MOCT (Manual Order Cancel Time) fields in placeOrder/cancelOrder requests
- Support of new offset attributes for IBKRATS Pegged-to-Best and Pegged-to-Midpoint (PEGBEST, PEGMID) orders.
- Support for Wall Street Horizon (WSH) event data filters
- New IPO prices generic ticks
Pegged-to-Best is an order type unique to IBKR. It allows clients to direct liquidity-adding orders to the IBKR ATS that compete not only with the near side NBBO, but with other same side liquidity adding orders resting in the IBKR ATS. Interactive Brokers have recently added a second offset to this order type to accommodate orders where the midpoint falls on the 1/2 cent.
The Pegged-to-Best order price will float such that it is always pegged to be one penny more aggressive than the better of the near side NBBO and the best-priced, same side resting liquidity-adding order in the IBKR ATS, up to the NBBO midpoint minus (for a buy) or plus (for a sell) a user-defined number of increments, providing a high probability of trading with IBKR client Smart Routed orders on the opposite side.
Interactive Brokers regularly updates its API. In the preceding release, users got to interact with advanced reject messages in the API.
And, version 10.10 of the API added crypto support, WSH Calendar support, and market data in shares.
The Trader Workstation (TWS) API is a simple yet powerful interface to automate your trading strategies, request market data and monitor your account balance and portfolio in real time. The solution enables its users to build their own trading application or connect their custom application to TWS so that they can take advantage of IBKR advanced trading tools.
Key Features:
- IBKR’s proprietary, open-source API
- Place orders, view trades and positions, access market data, news and account data
- Connect through Interactive Brokers’ proprietary Trader Workstation or IB Gateway platform
- Develop applications in C++, C#, Java, Python, ActiveX, RTD or DDE
- Available via leased line, cross-connect or internet.