Best trading platform for IB excluding TWS

[digitalnomad]

I am trying to have a set up where I will pay for data separately and will use IB for execution only

I don’t do visual trading, but I have IQfeed and IB data, and I trade liquid US equities. The IB last price gets to me 300-500ms faster than IQFeed. It’s pretty accurate, enough that it became the basis for my algo logic. I use IQFeed for research only. I’m 9ms away from IB central gateway, and 30ms away from IQFeed in Nebraska, but none of that matters, considering the measured difference.

 

[antares66]

After comparing time & sales with others I found that basic problem is that IB time & sales shows most of transaction in between the spread so I was unable to identify if it is on bid or ask while other platforms shows same transactions on bid or ask

I know what you mean. The white color means the last transaction has the same pricelevel as the one before. In other platforms you get the information if the transaction was at the ask or the bid (green ask, red ask). IB shows you if the last transaction had an uptick (green) or down tick (red) but not if the transaction was at the ask or the bid.

 

[cptnd]

Check out https://www.quantower.com/
I've been testing it out recently, the IB connection tends to drop, but looking forward to future updates.

 

[marwanco]

I am stock trading with IB but want different platform as TWS time & sales don’t show all orders going through separately and I need that . I was going for Sterling but they said they don’t support individual trader with IB so please give your suggestions. Platform should have good level 2, time & sales and customisable hot keys and good charts
TIA

This is small video showing T&S displayed by IQfeed, thats what you want?

 

[marwanco]

I don’t do visual trading, but I have IQfeed and IB data, and I trade liquid US equities. The IB last price gets to me 300-500ms faster than IQFeed. It’s pretty accurate, enough that it became the basis for my algo logic. I use IQFeed for research only. I’m 9ms away from IB central gateway, and 30ms away from IQFeed in Nebraska, but none of that matters, considering the measured difference.

I tryed pinging IB servers from https://www.speedytradingservers.com, its 1ms!!
Maybe this will be interesting to you.
They have free 7 days demo too.