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Resources for Getting Started with IBKR Python API


Python-IBKR
 

Why choose Python?

Python has been crowned #1 in the “The 2017 Top Programming Languages” by IEEE Spectrum, the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.

In addition, StackOverflow, a popular “question and answer site for professional and enthusiast programmers” recently published an article on its Blog noting how popular Python has become. Visit their website to read the “The Incredible Popularity of Python”.

Python language offers robust programming capabilities and is the preferred language for many quant hedge funds and finance professionals. The Python Software Organization offers a Quick Start Guide that walks you through Python installation: https://www.pytho n.org/about/gettingstarted/. You will also need to pick an IDE to code in Python. There are many choices - some of the most popular seem to be Jupyter Notebook, PyCharm, and Spyder.
 

Why choose IBKR Python API?

API users who build their own automated rules-based trading application can use our API solutions. Due to the demand for a framework written in this high performance language, our developers added support for Python in 2017.

If you are a finance professional who’s realized that it is time to start coding, the Python API provides an easier framework compared to Java or C++. Python syntax is more relaxed, and you can practice with the sample code we provide.

To the next generation of traders: college and high school students who have taken classes in Python will appreciate the plethora of complimentary finance educational resources we offer that will go along with the Python reference guide.

 

Getting Started Resources

Here is a short list of resources that will help you get started:

 

  1. Visit IBKR GitHub https://interactivebrokers.github.io/tws-api/ and click on the Python tab.

    Get familiar with the all the resources we offer, including information on Initial setup, Architecture, Streaming Market data, Obtaining Historical Data for backtesting, error handling and message codes, and a list of classes, structs, unions and interfaces with brief descriptions.

    GitHub-IBKR
     
  2. Install
    1. IBKR API from here http://interactivebrokers.github.io/


      Please note that the Python sample Program.py is installed automatically in samples/Python/Testbed directory
       
    2. Trader Workstation Latest from here https://www.interactivebrokers.com/en/index.php?f=16040

  3. Watch "Introduction to the TWS Python API" webinar Recording presented by our API Team:

    www.ibtweet.com/pythonw

    Python-Webinar-Recording

    In this video, the API team will show you:
    1. Capabilities and requirements of the TWS API
    2. API architecture and general programming considerations
    3. Basic flow of an API program as demonstrated by the IB sample Program.py
    4. Current API reference guide
    5. Common API tasks in Python - receiving market data, performing Financial Advisor specific operations


  4. It is important to understand how to establish connectivity because the API requires connectivity via Trader Workstation (TWS) or IB Gateway.

    Learn more with this article "Establishing an API connection"
    https://interactivebrokers.github.io/tws-api/connection.html


  5. Practice

    IBKR reminds you to always test your API components with your simulated trading account or the TWS Demo System before you implement any new API system.
    • Finance professionals
       
    • Students are invited to work with their professors and join the IB Student Trading Lab to practice with a university simulated trading account.

 

The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.


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