Java API based trade execution platform

B

bagholderforever

Hi - I'm a noob here and in need of some suggestion/education. I have been working on a simple equity trading system and here is my setup right now:

a) Using Polygon.io for quote feed and IB for trade execution.
b) The system is written in Java and hosted on home server running linux VMs.
c) I have gigabit home internet connection. Ping to IB and Polygon is approx. 8 ms. I'm looking into NY hosted VPS solution where this can be brought down to vicinity of 1ms.
d) The systems is currently running in test using IB's paper account using their Java API

While non-intuitive the IB API was easy to code but their execution leaves a lot to desire from a responsiveness perspective. While my system is not a HFT but depending on the volatility can generate trades under a millisecond or a smaller fraction for the same tickr. The trades with paper account executes anywhere from about 100ms to over a second even for market orders. Not having a responsive execution causes drifts which can accumulate over the course of the day.

With that I'd like to know if there are low latency brokers/DMAs who have Java APIs that I can look into. Also what are the fees/deposits for such providers ? Any insights/suggestions are welcome.

Cheers !
 
The IB API isn't providing anywhere near under 1 ms trade executions for me and I have almost the identical setup as you (polygon, IB, Java, Linux, 1 Gbps). You can try directed orders as opposed to SMART routed orders and you would think orders sent straight to NASDAQ would execute faster but I did not have that result.
 
2rosy said:
ib provides FIX connectivity
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The FIX protocol is between you and IB, so they are still a bottleneck. If you intend to connect over the public internet then you still must use the TWS gateway as a intermediary to use the FIX protocol. Trades are during regular market hours only. This may be a faster more robust solution but I can't find anything that leads me to believe that. I suspect they offer this as an easier integration path for people who are already using FIX and are familiar with it.
 
FreeGoldRush said:
The FIX protocol is between you and IB, so they are still a bottleneck. If you intend to connect over the public internet then you still must use the TWS gateway as a intermediary to use the FIX protocol. Trades are during regular market hours only. This may be a faster more robust solution but I can't find anything that leads me to believe that. I suspect they offer this as an easier integration path for people who are already using FIX and are familiar with it.
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TWS gateway is not required
https://www.interactivebrokers.com/en/index.php?f=4945&p=requiredminimums
 
swinging tick said:
@bagholderforever @FreeGoldRush
May I ask, why you guys are using data feed from polygon, and not IB?
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When I started looking into this few years back, I was overwhelmed by all sorts of restrictions on connections and symbols etc. They clear state that they are not specialized data provider and given the latency involved it was never an option for me. However if latency and no. of symbols is not a restricting factor then it's definitely worth looking into. if you already have an account and pay for the streaming pack, you can't beat the fact that its free API.
 
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