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Trying to find a broker that allows/does automated strategies for index options. Only one i ever see mentioned is interactive brokers and am wondering if anyone has used them or has another broker that they would recommend.
Can you help answer these questions from other members on NexusFi?
What exactly are you trying to do? Interactive Brokers allows orders to be created and modified via their excellent API. I wrote a Java app that handles orders for me. Wasn't the easiest thing on earth, but now it's quite solid and better than anything I could find anywhere else.
What Im looking for is a broker who doesnt make it hard to automate an options strategy. Something as simple as what tradestation or many of the other charting programs have in place for futures, stocks, etc.
Ah. I'm unaware of anything that makes it _that_ easy. I tested out CQG recently, and their Real Time Data plug-in for Excel showed promise. It works with options. But I don't think it supports order entry, so you might still have to write something manually for that part.
The problem is the symbols and the different logic of daily, weekly and monthly options..
Then there is also the issue with the option been traded on different exchanges, and that
has sometimes different codes..
