Hi I'm having trouble with the Interactive Broker python API. I'm using python 3.8 and connecting to IB TWS ver. 979

when I run this symbol script I get the following error:

from ibapi.client import EClient
from ibapi.wrapper import EWrapper
from ibapi.contract import Contract

import threading
import time

class IBapi(EWrapper, EClient):
    def __init__(self):
        EClient.__init__(self, self)
    def tickPrice(self, reqId, tickType, price, attrib):
        if tickType == 2 and reqId == 1:
            print('The current ask price is: ', price)

def run_loop():

app = IBapi()
app.connect('', 7497, 123)

#Start the socket in a thread
api_thread = threading.Thread(target=run_loop, daemon=True)

time.sleep(1) #Sleep interval to allow time for connection to server

fut_contract = Contract()
fut_contract.symbol = "MNQU0" #MNQ SEP'20"
fut_contract.secType = 'FUT'
fut_contract.exchange = 'GLOBEX'
fut_contract.currency = 'USD'
fut_contract.LocalSymbol = 'MNQU0'
fut_contract.LastTradeDateOrContractMonth = "202009";

#Request Market Data
app.reqMktData(1, fut_contract, '', False, False, [])

time.sleep(100) #Sleep interval to allow time for incoming price data


Error 1 321 error validating request:-'bW' : cause - Please enter a local symbol or expiry

I can't see what I'm doing wrong. I can't find any other Contact() field relating to expiry.


  • 2
    $\begingroup$ You're probably better of asking IB tech support. $\endgroup$ Jul 10 '20 at 16:19
  • 3
    $\begingroup$ ..or at a specialized group like this groups.io/g/twsapi $\endgroup$
    – noob2
    Jul 10 '20 at 16:50

Try changing LocalSymbol to tradingClass and changing Last..Month to last..Month:

fut_contract = Contract()
fut_contract.symbol = 'MNQU0' #MNQ SEP'20
fut_contract.secType = 'FUT'
fut_contract.exchange = 'GLOBEX'
fut_contract.currency = 'USD'
fut_contract.tradingClass = 'MNQ'
fut_contract.lastTradeDateOrContractMonth = '202009'

#Request Market Data
app.reqMktData(1, fut_contract, '', True, False, [])

I switched the 4th argument to True because I didn't want to request a stream, just a snapshot. Be careful with your upper and lower cases!

This is what is returned for me when running your script with the changes I suggest:

The current ask price is:  10765.5
  • $\begingroup$ Fixed! It seems that the change to tradingClass, was necessary only if the 4th arg was 'True'... Thank you!! $\endgroup$
    – gearhead
    Jul 10 '20 at 18:54

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