|Features||TWS||API (Proprietary)||CTCI (FIX)|
|Description||A java-based electronic trading platform written by IB, available through a browser or as a standalone product.||An application programming interface that allows you to write custom applications that link to TWS using Java, C++, VB w/Active X, or DDE (Excel).||Computer-to-computer interface that uses FIX protocol, which allows you to use IB's order routing network to facilitate your own trading application or front-end.|
|None||Intermediate to Expert||Expert|
|Supported Platforms||Windows, MAC, UNIX/Linux||
Windows - All APIs
MAC, UNIX/Linux - Java API
|Windows, MAC, UNIX/Linux|
|Customer Access||Internet with secure login.||Internet with secure login through an active TWS session.||
|Supported Order Types||More than 40 different order types.
Please refer to the Order Types page on our web site for a full list of all supported order types.
|Most of the TWS-supported order types.||
Most of the TWS-supported order types plus:
|Message limit per second||Depends on speed of manual entry||50||150|
|Method for placing orders||Manual||Proprietary API message||FIX message|
|Receive real-time portfolio
|Receive real-time market
|Yes||Yes||Yes, via TWS API gateway client.|
|Sample application available?||N/A||Yes||No|
|Accessible from multiple
Internet - Yes
Extranet and Dedicated Line - No
|Built-in event/error logging||Yes||Yes||No, must program your own logging.|
Orders may only be sent to one account at a time.
Software Release Notes
API Users' Guide
Individuals and Non-pro Advisors should send an email
to firstname.lastname@example.org in
order to request CTCI integration.
Pro Advisors, Institutions and Brokers should contact their sales representative for integration information.
Integration can take up to one week.
($3 for age 25 and under)
Dedicated Line: $500.00
|Same as TWS||Internet:
$500.00 one-time setup fee.
$1,000.00 (all subsequent lines)
Dedicated Line: same as Extranet
$700.00 one-time setup fee