Is FIX the way to go for automated trading with IB?

Getting data seems to be a much bigger problem than the execution path. It seems to be where all the costs and difficulties show up.
 
FIX data speed is not really a concern unless you need to monitor a lot of instruments. It's just more verbose so there's additional bandwidth and CPU overhead.

They have a new compressed format although I don't think any broker offers it yet.

Francis
 
I presume you are talking about FAST?

I am not aware of any retail focused brokers that are offering data via FIX at all, compressed or otherwise.
 
IB has a solution for the traders who want to trade using FIX: trade through the IBgateway. It allows you to submit orders in FIX and retrieve market data through the IB-API (thus hiding the compression/decompression that takes place between the IBgateway and our servers).
 
Quote from George Arnault:

Anyone care to comment on the reliability/stability of the QuickFix implementation?
More...
I use it and over thousands of automated trades, I have never had a problem.

nitro
 
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