Interactive Brokers enables traders to get Futures Open Interest data via API

Maria Nikolova

Interactive Brokers allows traders to receive more data via its API, effective with TWS version 965.1b or above.

Electronic trading firm Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just enhanced the TWS API, so that users can obtain additional information.

Effective with TWS version 965.1b and above, traders can receive Open Interest data for Futures via the API. This can be done by sending reqMktData() and including “588” in the genericTickList parameter. Through the tickSize() callback, the futures open interest will be returned in tick type 86.

In order to receive live quotes, one must first make a request call via IBApi.EClient.reqMktData within the API program. Every request needs a unique identifier for the returned data. The most common tick types are delivered automatically following a successful market data request. But there are other tick types, called generic tick types, available by explicit request. When invoking IBApi.EClient.reqMktData, specific generic ticks can be requested via the genericTickList parameter.

The TWS API aims to be simple and powerful interface through which the clients of Interactive Brokers can automate their trading strategies, request market data and monitor their account balance and portfolio in real time. The TWS API targets experienced professional developers who would like to enhance the current TWS platform functionality.

In April this year, FinanceFeeds reported that Interactive Brokers had made a new API available for Python programmers. The launch of native Python API by the company was important, as it helped users avoid the risks associated with using third-party solutions for the purpose. When comparing various programming languages for the TWS API, Interactive Brokers nevertheless highlights Java as the most popular one.

The TWS platform has been undergoing regular updates, with one of the foci being IBot, the natural language interface to trading developed by Interactive Brokers. The use of “natural language” implies that traders may avoid the disadvantages associated with a standard interface, as they are able to speak (or type) commands without having to worry about the precise wording. Typical commands supported by IBot are “Buy 300 more shares” or “Show my account margin”.

The latest version of the TWS platform for desktop provides IBot with additional capabilities: one of them is the integration of Interactive Brokers’ website search with IBot to allow educational and task-based returns. Thanks to this integration, IBot can answer such queries as “How do I fund my account?” and “How do I transfer funds?” by returning the top five best information links from Interactive Brokers’ website.

Read this next

Institutional FX

Fiserv secures major payment institution licence in Singapore

Brookfield-based financial services technology provider Fiserv Inc has obtained nod for a Major Payment Institution license in Singapore.

Institutional FX

Finalto expands NDFs line-up with Taiwanese dollar

Finalto announced today that it has expanded its non-deliverable forwards (NDFs) offering with the addition of Taiwan’s dollar to its trading platform.

Opinion

It’s time for FX to Harness Crypto’s Potential

Jonathan Cumberlidge, FX Sales Director for BVNK, makes the case for cryptocurrencies in improving the efficiency and flexibility of foreign exchange trading.

Digital Assets

Owner of OptionMint, OptionKing, and OptionQueen gets 30 months in prison

A US federal judge has sentenced Ohio resident Jared Davis, who was found guilty for his participation in a multi-million fraud scheme carried out by Israeli-run binary options websites.

Executive Moves

iS Prime co-founders Raj Sitlani and Jonathan Brewer leave, but “business as usual”

“For our clients and teams at iS Prime, iS Risk and iS Prime Hong Kong, it is business as usual. We will be increasing our investment in our technology and staff, putting our clients first as we drive the business forwards to maintain our market leadership position.”

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”

Technology

Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”

<