diff --git a/autogen/oai/chat_completion_proxy.py b/autogen/oai/chat_completion_proxy.py
new file mode 100644
index 000000000000..a8f6c443400a
--- /dev/null
+++ b/autogen/oai/chat_completion_proxy.py
@@ -0,0 +1,75 @@
+import openai
+import tiktoken
+
+from openai.openai_object import OpenAIObject
+
+
+class ChatCompletionProxy:
+    @classmethod
+    def _prompt_tokens(cls, messages):
+        # Get the encoding for OpenAI's "cl100k_base" model
+        encoding = tiktoken.get_encoding("cl100k_base")
+
+        # Calculate the total number of tokens in the prompt
+        # by iterating over each message in the 'messages' list,
+        # encoding its content, and summing up the token counts.
+        return sum([len(encoding.encode(msg["content"])) for msg in messages])
+
+    @classmethod
+    def create(cls, *args, **kwargs):
+        # Check if streaming is enabled in the function arguments
+        if kwargs.get("stream", False) and "functions" not in kwargs:
+            # Prepare response array based on parameter 'n'
+            response_contents = [""] * kwargs.get("n", 1)
+            finish_reasons = [""] * kwargs.get("n", 1)
+            completion_tokens = 0
+
+            # Set the terminal text color to green for better visibility
+            print("\033[32m", end="")
+
+            # Send the chat completion request to OpenAI's API and process the response in chunks
+            for chunk in openai.ChatCompletion.create(*args, **kwargs):
+                if chunk["choices"]:
+                    for choice in chunk["choices"]:
+                        content = choice.get("delta", {}).get("content")
+                        # If content is present, print it to the terminal and update response variables
+                        if content is not None:
+                            print(content, end="", flush=True)
+                            response_contents[choice.index] += content
+                            finish_reasons[choice.index] = choice.get("finish_reasons", None)
+                            completion_tokens += 1
+                        else:
+                            print()
+
+            # Reset the terminal text color
+            print("\033[0m\n")
+
+            # Prepare the final response object based on the accumulated data
+            prompt_tokens = cls._prompt_tokens(kwargs["messages"])
+            response = OpenAIObject()
+            response.id = chunk["id"]
+            response.object = "chat.completion"
+            response.created = chunk["created"]
+            response.model = chunk["model"]
+            response.choices = []
+            response.usage = {
+                "prompt_tokens": prompt_tokens,
+                "completion_tokens": completion_tokens,
+                "total_tokens": prompt_tokens + completion_tokens,
+            }
+            for i in range(len(response_contents)):
+                response["choices"].append(
+                    {
+                        "index": i,
+                        "finish_reason": finish_reasons[i],
+                        "message": {"role": "assistant", "content": response_contents[i]},
+                    }
+                )
+        else:
+            # If streaming is not enabled, send a regular chat completion request
+            # Ensure streaming is disabled
+            kwargs["stream"] = False
+            response = openai.ChatCompletion.create(*args, **kwargs)
+
+        # Return the final response object
+        return response
diff --git a/autogen/oai/completion.py b/autogen/oai/completion.py
index a720ccc24466..18239842a324 100644
--- a/autogen/oai/completion.py
+++ b/autogen/oai/completion.py
@@ -9,6 +9,7 @@
 from flaml.tune.space import is_constant
 from flaml.automl.logger import logger_formatter
 from .openai_utils import get_key
+from .chat_completion_proxy import ChatCompletionProxy
 from collections import defaultdict
 
 try:
@@ -207,7 +208,7 @@ def _get_response(cls, config: Dict, raise_on_ratelimit_or_timeout=False, use_ca
                 cls._book_keeping(config, response)
                 return response
         openai_completion = (
-            openai.ChatCompletion
+            ChatCompletionProxy  # Support streaming for chat models
             if config["model"].replace("gpt-35-turbo", "gpt-3.5-turbo") in cls.chat_models
             or issubclass(cls, ChatCompletion)
             else openai.Completion
diff --git a/setup.py b/setup.py
index d3308bf1ccc6..2b89fc8e291d 100644
--- a/setup.py
+++ b/setup.py
@@ -15,6 +15,7 @@
 
 install_requires = [
     "openai<1",
+    "tiktoken",
     "diskcache",
     "termcolor",
     "flaml",