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API fees for Interactive Brokers

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    API fees for Interactive Brokers

    Is anyone here using NT to trade equities with IB? I am trying to figure out the add'l fees for entering/modify/canceling orders. I went to the site and saw the following:

    Cancel Order Type
    Modify Orders Fees or
    Cancel of Modify Fees

    Execution Credit *

    US Direct API stock orders (does not apply to US smart API orders)
    USD 0.12/Cancel or modify order
    USD .24/API directed execution

    so I take this to mean for every order i cancel/modify there is a .12 cent fee, but I get a credit of .24 cents for each execution. But if I use smart as my defualt route there is no fee? Am I reading this correctly?

    I did a search on the board but I didn't come up with anything, if anyone could clarify this for me I would appreciate it.





    #2
    imported post

    I believe that is correct. NT use the Smart route as default for equities unless you purposely want to change this.
    RayNinjaTrader Customer Service

    Comment


      #3
      Is this still valid? Does NT still use smart routing for IB?

      Comment


        #4
        Hi,

        Yes, this is still valid. Nothing has been changed.
        Vince B.NinjaTrader Customer Service

        Comment


          #5
          Related question(s):

          (1) Does this mean I can access the TWS algos (like accumulate/distribute, iceberg, etc...) easily within NT's auto-trading?
          (2) If I use a pegged to primary (REL) order type in TWS, and the "limit" price continues to move around (as the inside bid/ask move) does that count as a modified order?

          Thanks. Small charges but they could REALLY add up on a long passive order fill.

          Comment


            #6
            Hi,

            Unfortunately both can not be accessed.
            Vince B.NinjaTrader Customer Service

            Comment

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