{"id":58386,"date":"2020-09-02T11:45:08","date_gmt":"2020-09-02T15:45:08","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=58386"},"modified":"2023-01-20T14:56:25","modified_gmt":"2023-01-20T19:56:25","slug":"ibkr-python-api-placing-orders","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/ibkr-quant-news\/ibkr-python-api-placing-orders\/","title":{"rendered":"IBKR TWS Python API \u2013 Placing Orders"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In this video we discuss how orders can be placed, monitored, modified, and cancelled from the TWS API. To demonstrate the essential components necessary to place an order, a simple Python program is introduced, which places an AAPL order to a paper account, and then prints order status messages to the console.<\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\"><figure><div class=\"videoWrapper\">\r\n            <div data-youtube-id=\"DDbYsm5mMRM\" class=\"yt-video-blocked video-overlay lazyload\"\r\n                 style=\"background-image:inherit;\" data-bg-image=\"url(&#039;https:\/\/img.youtube.com\/vi\/DDbYsm5mMRM\/hqdefault.jpg&#039;)\">\r\n                <div>\r\n                    <p class=\"text-large mb-4\">\r\n                        To watch this video you must accept functional cookies.\r\n                    <\/p>\r\n                    <button class=\"btn btn-primary w-50 manage-cookies\">\r\n                        Manage Cookies\r\n                    <\/button>\r\n                <\/div>\r\n            <\/div>\r\n        <\/div><\/figure><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Important topics associated with placing and monitoring orders from the API, including the master client ID, the Order Efficiency Ratio (OER), and the API maximum message rate are introduced. Finally, we address a few special cases in which commissions and fees are different for API orders than for orders created directly in an IBKR trading application.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To see other short videos in this series, visit our&nbsp;<a href=\"\/campus\/category\/ibkr-quant-news\/api_development\/\">API news section<\/a>. For the entire course in Python see&nbsp;<a href=\"https:\/\/ibkr.com\/ibta\">ibkr.com\/ibta<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this video we discuss how orders can be placed, monitored, modified, and cancelled from the TWS API. To demonstrate the essential components necessary to place an order, a simple Python program is introduced, which places an AAPL order to a paper account, and then prints order status messages to the console.<\/p>\n","protected":false},"author":90,"featured_media":46223,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[339,343,349,338,341,352,344],"tags":[851,1226,865,575,1227,1013,595,494],"contributors-categories":[13576],"class_list":["post-58386","post","type-post","status-publish","format-standard","has-post-thumbnail","category-data-science","category-programing-languages","category-python-development","category-ibkr-quant-news","category-quant-development","category-quant-north-america","category-quant-regions","tag-algo-trading","tag-financial-engineering","tag-github","tag-ibkr-api","tag-order-efficiency-ratio","tag-program-py","tag-python","tag-quant","contributors-categories-interactive-brokers"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This 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