IB symbol limit increase for automated trading

[Option_Attack]

Quote from rickty:



Option_Attack,

Can I ask you what data source you're using with QT. A couple of sources I've used have been rather unreliable.

Richard

I use Schwab Platinum as the QT quote source, but there is a long list of sources at the link below. I don't use Schwab for trading, but the quotes seem to work ok on a 2 minute "snapshot" basis. I only have satellite for broadband so my whole connection situation is kind of iffy anyway.

http://www.quotetracker.com/qsources.shtml

 

[Steve_IB]

Quote from H2O:



I have a data subscription (eSignal) and if needed I want to pay for increased symbol limits with IB. I suggest a minimum commission of XXX for access to more symbols (or pay)

What I think is, if You keep the max limit in TWS at 40 (current) adn only allow API users 100, than only the people who do automate will get access to extra symbols. (And generate extra commissions)

The number of symbols you can request from the API is dependent on your previous months commission that you have generated. I am not sure of the exact formula we use, however, if you generate alot of commission and find that you are still restricted to 40 symbols then please send a mail to the helpdesk.

The limitation is there because some people try to abuse the system by requesting hundreds of symbols, and not trading.