I use IB for trading US Equities, Options and Futures, especially E-Minis. I'm in the UK, but I want my account to be in USD. I'm happy with IB but am looking for a backup broker. What brokers should I consider if I favour a reliable data feed, and ideally an open API?
What do you mean by “open api” and if this is a back up account, does that mean you will only use it when IB is down?
My account at IB is in USD. I want a similar backup broker for redundancy, not because IB isn't suitable.
I mean an API that has docs so I can recode my existing algos to work with it. I will split funds 50/50 so will probably use one for daytrading e-minis and the other for slightly longer option swing trades. The idea is if I lose access to one account when I'm in a large daytrade position I expected to hold for just a few mins, I can take an opposite position with the other to maintain a neutral position during the outage. IB has had a lot of issues with SPY data feeds recently so a second feed would also be helpful.
I don't think there are any IB equivalents when you want to trade so many instruments for UK traders ( which I am), unless prepared to pay UK cfd spread at cmc or ig , probably the guy above is best bet if trading futures only.
If your TWS goes down then you can call the trade desk. You could ask the IB trade desk what backup they have.
As of today, Wedbush Futures does not accept retail accounts under MiFID countries because they have no offices in the EU. I expect to have another FCM this year for those accounts, We can handle Equity/Option accounts from the UK. This would not be a universal account and if you need data to pass through the API, Realtick and CBOE Silexx are our only retail options.
It is good to under promise and to over deliver.My guess is you will meet your deadline ahead of time.