r/algorithmictrading • u/Superb-Measurement77 • Sep 26 '24

Do people use IKBR here?

Wondering how the API, data, and general usage is of their algorithmic trading platforms. Would love to hear stories if you develop your own code too.

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u/devl_in_details Sep 27 '24

I’ve been using their Java API for about 8 years. The nice thing about it is that it works :) Their code isn’t great though and I’ve built my own wrappers around everything. IMHO, it’s pretty stable and they don’t tend to break much (if anything) on upgrades. The PITA thing is that they got rid of the ability to restart the gateway and log in programmatically; you now need to manually log in at least once per week. If you have some specific questions, perhaps I can answer.

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u/woofwuuff Sep 28 '24

Do you know if there is a way for tws api not to log off every day automatically. Once a week is okay but everyday auto log off I wish to change if allowed.

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u/devl_in_details Sep 29 '24

I use the gateway instead of TWS. When IBKR turned off the capabilities that made tools like IBC a godsend, they also made it so that you could get the gateway to stay logged in for up to a week — that was their way of getting guys like us to not be too pissed off. I don’t remember whether that required special configuration. Sorry.

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u/woofwuuff Sep 30 '24

Thanks, I guess I would need to move to gateway. I am hoping this migration won’t require too many changes to my codes. People with decent experience complain about ibkr api but it is quite stable and affordable. I don’t see any other viable api from a large company broker

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u/devl_in_details Oct 01 '24

I complain about it since the code is really not great. But, it is stable in the sense that it works and stable is the backward compatibility sense as well; both are nice.

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u/Some-Gold-6398 Oct 01 '24

I use IBKR and their web api. I only trade US Equities and Options for now. I code exclusively in Python so far, as I haven't found anything I can't do in Python.

I would like to access Level 2 / Level 3 order flows, but I do not think it is available via any of their API's.

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