IB FIX CTCI interface experience

No this is not true. FIX is available without colo as well for IBKR.

 

I don’t remember why I didn’t use it and had to code to the TWS API. Maybe because I had to use IB Gateway and I decided against it for some reason.

 

Is HFT actually possible with IB regardless of FIX?

Slow risk checking, order rate limits, ticket charge, api directed order charge

I feel like I'm missing something here. Is there some secret handshake where this all goes away? Otherwise colo with IB seems 100% pointless.

 

HFT is a general term so question is not asked correctly.

And what is "ticket charge" you mentioned?
And what is "api directed order charge"?

Order rate limit exists on all exchanges. You have to follow same rules everywhere.
Slow risk checking, is probably done with all brokers but who can tell for sure IBKR is slower than other brokers in this?

 

ticket charge = minimum commission for an order, 35 cents with IB. modify partially filled order creates a new ticket too

api directed order charge = IB charges way more if you choose how to route instead of using their SMART router

order rate limit = of the broker, not the exchange. IB's limits are pathetic compared to real HFT brokers.

slow risk checking = ditto, a real HFT broker will be several orders of magnitude faster than IB.

who can tell if IBRK is slower = anyone who has experience with both IBKR and with a faster broker

 

Thanks for the details.

Don't other brokers charge more commissions for order modifications as well? IBKR commissions are the lowest in Forex of any and all brokers available anywhere but you could be right for other equities though I doubt it. What other providers provide lower fees for an HFT type of order?

I thought IB doesn't rate limit other than don't send 60 order per second which one may not do anyway. Which other broker has higher limit?

And which other broker is faster in risk checking that you have experienced?

I know there is a lot of talk of IBKR shouldn't be used for HFT but which other provider is better anyway? I have a full thread on commissions better than IBKR and no one could find a better priced broker with either commissions or margin.