I

IbPy 0.5

Troy Melhase – Open Source

Seamless Trading with IbPy: A Comprehensive Python Library

Boris Weber

IbPy offers traders an efficient interface to facilitate algorithmic trading using Interactive Brokers' API, allowing for streamlined order management and market data retrieval.
2025 Editor's Rating

IbPy is a software application developed by Troy Melhase that provides a Python interface to Interactive Brokers API. This allows users to connect to their Interactive Brokers account and execute trades, retrieve market data, and manage their portfolio using Python scripts.

With IbPy, users can automate trading strategies, perform complex data analysis, and create custom trading algorithms using the powerful capabilities of Python programming language. This integration of Interactive Brokers API with Python opens up endless possibilities for traders and developers to enhance their trading experience.

Key features of IbPy include:

  • Easy integration: IbPy makes it simple to connect Python scripts with Interactive Brokers API, allowing for seamless communication between the two.
  • Trade automation: Users can automate their trading strategies by writing Python scripts that execute trades based on predefined conditions.
  • Market data retrieval: IbPy enables users to fetch real-time market data, historical data, and other relevant information from Interactive Brokers platform.
  • Portfolio management: Users can manage their portfolio, monitor positions, and account balances directly through Python scripts using IbPy.
  • Customization: IbPy provides flexibility for users to customize and develop unique trading solutions according to their specific requirements.

IbPy by Troy Melhase is a valuable tool for traders and developers looking to harness the power of Python programming language in conjunction with Interactive Brokers API. Whether you are an experienced trader or a novice developer, IbPy offers a user-friendly interface and robust functionality to enhance your trading capabilities.

Overview

IbPy is a Open Source software in the category Internet developed by Troy Melhase.

The latest version of IbPy is 0.5, released on 02/18/2008. It was initially added to our database on 08/24/2007.

IbPy runs on the following operating systems: Windows.

IbPy has not been rated by our users yet.

Pros

  • Provides a Python interface for Interactive Brokers API, allowing for easy integration of trading applications with IB's services
  • Offers access to a wide range of financial instruments and markets supported by Interactive Brokers
  • IbPy is open-source, allowing for community contributions, updates, and customization
  • Supports both historic data retrieval and real-time data streaming, enabling comprehensive market analysis and automated trading strategies

Cons

  • IbPy is not officially maintained or supported by Interactive Brokers, which may lead to compatibility issues or lack of updates with IB's latest features
  • Documentation and resources for IbPy can be limited compared to official API documentation provided by Interactive Brokers
  • Users may require a certain level of programming knowledge and familiarity with Python to effectively utilize IbPy for trading applications

FAQ

What is IbPy?

IbPy is a third-party Python library that provides an interface to the Interactive Brokers (IB) API.

Who created IbPy?

IbPy was created by Troy Melhase.

What is the purpose of IbPy?

The purpose of IbPy is to allow developers to build trading applications in Python using the IB API.

Can IbPy be used to connect to the IB TWS platform?

Yes, IbPy can be used to connect to the Interactive Brokers TWS (Trader Workstation) platform.

Is IbPy an official library from Interactive Brokers?

No, IbPy is a third-party library developed independently from Interactive Brokers.

What version of the IB API does IbPy support?

IbPy supports version 9.7 and later of the IB API.

Is IbPy actively maintained?

No, IbPy is no longer actively maintained. It has transitioned into a community-supported project.

Are there any alternatives to IbPy for accessing the IB API in Python?

Yes, there are other libraries like ib_insync and ibapi available for working with the IB API in Python.

Can IbPy be used for backtesting trading strategies?

Yes, IbPy can be used for backtesting trading strategies by connecting to historical data through the IB API.

Where can I find more information about IbPy?

More information about IbPy can be found on the official IbPy GitHub repository.


Boris Weber

Boris Weber

I am an editor at UpdateStar. I started as a support engineer, and am now specialized in writing about general software topics from a usability and performance angle among others. I telecommute from UpdateStar’s Berlin office, when I am not working remote as a digital nomad for UpdateStar. When I'm not analyzing the latest software updates, you can find me exploring new cities, immersing myself in local cultures, and discovering innovative tech trends across the globe.

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