Interactive Brokes for futures trading: data, frontend, ...

[ZBZB]

nope. IB send packets every 200 or so miliseconds.

here is the post from digital nomad who has tested IB against iqfeed.

“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.”

 

[rb7]

250 ms if for the market data update through TWS. DigitalNomad was referring to tick data only available through the IB API.
But, I'm a bit skeptical about the 500 ms difference between IQFeed and IB Data, IQFeed being slower according to his claim.
I'm using both, but I've never analyzed the difference.

 

[stevegee58]

I know that in the past IB only provided aggregated tick data but the latest API version is providing apparently true tick data.
https://interactivebrokers.github.io/tws-api/tick_data.html

I haven't tried it personally since I don't day trade.

 

[CALLumbus]

Thank you all for your input. MotiveWave looks interesting, will have a closer look at it.