API Brokers - Reviews and Ratings

B

byteme

I mentioned this a little while back on the "Sharing Resources" thread.

I'm interested in compiling some up to date information on brokers that offer facilities geared towards black-box trading.

I'm particularly interested in standard fees charged etc. Many brokers do not advertise these things on their websites and they are probably open to a large amount of negotiation based on what their assessment is of your trading. However, it's still good to get some ballpark figures.

There are specialists, such as Lime Brokerage and then there are regular Brokers like Interactive Brokers that offer APIs.

If anyone has experience with these brokers, please add to this thread and I'll try to collate and compile the information.

I gave some examples on the other thread to start things off:

Broker: MB Trading
API Languages:
Client Software Needs to be running?: For Navigator API, yes, Navigator Software needs to be running. For FIX connectivity, no. Direct TCP/IP connection to FIX servers possible.
FIX Supported:Yes
API Costs: For FIX, $250 setup, $50 p/month after that (once testing finished)
Co-location Offered: Server renting is offered (e.g. $100 p/m for basic Windows XP box). Not sure if can co-locate own server.
Forced daily API logout?:Yes, for FIX server.
Equities, Futures, Options?:Yes, all three.

Broker: Interactive Brokers
API Languages: Many. Any language that can make socket connection should work.
Client Software Needs to be running?:
For TWS API, yes, TWS needs to be running.
For FIX, other "gateway" software needs to be running. TWS does not.
FIX Supported: Yes, separate FIX API available.
API Costs: For TWS API, no extra costs.
FOR FIX API, $100 p/m???
Co-location Offered:Not sure
Forced daily API logout?:Yes.
Equities, Futures, Options?:Yes, all three.
 
Quote from byteme:

I mentioned this a little while back on the "Sharing Resources" thread.

I'm interested in compiling some up to date information on brokers that offer facilities geared towards black-box trading.

I'm particularly interested in standard fees charged etc. Many brokers do not advertise these things on their websites and they are probably open to a large amount of negotiation based on what their assessment is of your trading. However, it's still good to get some ballpark figures.

There are specialists, such as Lime Brokerage and then there are regular Brokers like Interactive Brokers that offer APIs.
Conclusion: The presence of API does not guarantee the capability of the automated trading programming. It's all depends on how the API is designed.
If anyone has experience with these brokers, please add to this thread and I'll try to collate and compile the information.

I gave some examples on the other thread to start things off:

Broker: MB Trading
API Languages:
Client Software Needs to be running?: For Navigator API, yes, Navigator Software needs to be running. For FIX connectivity, no. Direct TCP/IP connection to FIX servers possible.
FIX Supported:Yes
API Costs: For FIX, $250 setup, $50 p/month after that (once testing finished)
Co-location Offered: Server renting is offered (e.g. $100 p/m for basic Windows XP box). Not sure if can co-locate own server.
Forced daily API logout?:Yes, for FIX server.
Equities, Futures, Options?:Yes, all three.

Broker: Interactive Brokers
API Languages: Many. Any language that can make socket connection should work.
Client Software Needs to be running?:
For TWS API, yes, TWS needs to be running.
For FIX, other "gateway" software needs to be running. TWS does not.
FIX Supported: Yes, separate FIX API available.
API Costs: For TWS API, no extra costs.
FOR FIX API, $100 p/m???
Co-location Offered:Not sure
Forced daily API logout?:Yes.
Equities, Futures, Options?:Yes, all three.
More...

TWS API is not designed for automated trading. It is more like another TWS for interactive trading because of it's asynchronous delivery of data to client. The API itself does not guarantee the automated trading programming. It all depends on how it's designed.
 
Quote from ****:

You guys should look at ****'s gateway as its easy to write to and extremely fast
More...

Hi ****,

Just happened to notice you answering posts in exactly the same way -- namely, by advising the posters to use ****-- on several different threads. In fact, it seems that every post you have ever made on ET, dating back to 2006, has been in promotion of **** or its predecessor, E*Trade Professional. If you're a client, you show a surprising level of devotion to your brokerage.

On the other hand, if you're working for them, why not make it clear? While this is an anonymous message board, failing to disclose that could might construed as a bit deceptive, even if your intentions are good. Also consider the following, from the ET Terms of Use:

Advertisements and solicitations of any kind are strictly prohibited unless you are a paying site sponsor. As a person who does not represent one of our site sponsors, you are not to solicit our members with any type of commercial offer, or advertise your business through your public posts, private messages, profile page, or file attachments.

Just my opinion...
:)




<hr>Moderator's Comment:
**** = SPAM removed
Pls press the Complain key if you see another SPAM post
 
Quote from 314:

Does GNDT support trading FX? I didn't see anything about it on their website, so I'm guessing not. I'd be tempted to give them a shot if they did...
More...

They only support equities. No futures, no FX, no options.

They are saying this for past many months that OPTIONS will be coming soon.
 
Quote from sudhaker:

They only support equities. No futures, no FX, no options.

They are saying this for past many months that OPTIONS will be coming soon.
More...
'

They have options - we trade them through Genesis, just not automated.
 
Quote from Esq Esq Esq:


They have options - we trade them through Genesis, just not automated.
More...

Ah, that means you can trade options their laser platform. How does that work for individual customer?
Correct me if I'm wrong; their retail platform (SogoElite/SogoTrade) has no support for options as of now.

Thanks,
 
You must log in or register to reply here.
Back
Top