In February, we wrote about the upcoming API transition from TD Ameritrade to Schwab. Unfortunately, Schwab only activated their new API for developers last month, which doesn’t leave a lot of time for applications to update their connection and conduct testing. TD’s API will end this week, so essentially, many applications will break if they aren’t ready.
One of those application connections is DAS Trader to Thinkorswim. According to DAS, there is no ETA for it to be ready, and it could be anywhere from 30 to 90 days out. Although it’s easy to blame DAS, both TD and Schwab dropped the ball here by not considering their API customers and clients and not giving them enough time to transition. This merger has been a multi-year process, and they gave developers just several weeks to integrate.
Here is what DAS says on their website:
As traders, we have to adapt. If you trade long enough, you’ll run into issues like this. At Plan and Trade, we provide subscribers with a script that enables one to essentially place a limit order with an offset. This is temporary workaround for traders who rely on DAS but don’t feel like switching to another broker.