So the discussion went from "the API has bugs", "we should be able to
connect to their servers" to "why don?t we use the fix protocoll?".
IB offers not only the TWSAPI, but also the a CTCI-API. I think that this
API offers direct access to their servers. Perhaps it also uses the fix
protocoll. I don?t know all the details about it.
IB offers 2 API?s: One seems to be rather "easy" to use and does not have
all the functionalities you can dream off: the TWSAPI. The other API "CTCI"
is very professionell and much more difficult to implement. I guess that it
offers much more features, but that comes at the price: I guess that it is
very difficult to program(you also have to have a minimum in fees and a
leased line). So everybody can decide how much time, energy and money he
wants to spend on the API solution. If you want quick results, and want to
invest just a little, I guess it makes more sense to choose the TWSAPI. If
you want to invest a lot, because you want much more, than you should go for
the CTCI-API.
My suggestion is, that we should splitt the discussion:
If you want an easy and cheap solution, stay here with the TWSAPI-group.
If you are dreaming of a perfect solution with direct server access, go and
create a CTCIAPI-group.
I would recommend that we talk here about:
-How can we use the existing API (The most important topic)
-Are there bugs, that should be fixed?
-Is there some new functionionality that we really need, that follows the
"easy to use" strategy of the TWSAPI and that can be included without
changing the whole API?
(One can ask a car maker to sell a car with other colors, different seats
etc. There are companies who will tune a car, stretch it etc. But if you
want your car to have wings and fly, perhaps you better ask Boing or
Airbus).
-----Ursprungliche Nachricht-----
Von: techguy1313 [mailto:techguy1313@...]
Gesendet: Sunday, July 28, 2002 12:15 AM
An: twsapi@...
Betreff: twsapi: A question about IB and FIX
Did IB make an attempt to base their API on the FIX Protocols?
I had heard of FIX many times, but this is the first time I've really
paid any attention to it, for as I was to understand only Series 7
Licensed Professionals were allowed to trade with it (automated or
otherwise).
After visiting the FIX site, it seems they have done a lot of work in
the area of Financial Transactions.
From their site:
"The Financial Information eXchange (FIX) protocol is a messaging
standard developed specifically for the real-time electronic exchange
of securities transactions. FIX is a public-domain specification
owned and maintained by FIX Protocol, Ltd. The mission of the
organization:
To improve the global trading process by defining, managing, and
promoting an open protocol for real-time, electronic communication
between industry participants, while complementing industry
standards.
The FIX protocol specification is maintained by the FIX Technical
Committee, which receives its direction from the international
Steering Committees, the Global Steering Committee, and the various
Working Groups comprised of industry participants such as fund
managers, brokers, exchanges, and vendors.
This FIX Website serves as the central repository and authority for
all specification documents, committee calendars, discussion forums,
presentations, and everything FIX. "
Techguy
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