spread order

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Spread order

An order listing the series of options that the customer wants to buy and sell and the desired spread between the premiums paid and received for the options.

Spread Order

An order to a broker to buy and sell different options on the same underlying asset but for different premiums and/or strike prices. The client who makes the spread order hopes to profit from the difference between the prices in the options sold and the options bought. See also: Spread strategy.

spread order

An order to buy and to sell options of the same class but with different strike prices and/or expiration dates in which the customer specifies a spread between the option sold and the option purchased. For example, an investor might enter a spread order to buy a March call and sell a September call, both on AOL Time Warner and with a strike price of $30, if a spread of $2 can be obtained. The order will be executed only if a floor broker can sell the September call for $2 more than the price at which the March call can be purchased.
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CQG was one of the first Independent Software Vendors to provide server-side management of spread orders last year.
Clients trading futures now have the ability to submit futures calendar spread orders from an order management system (OMS) via FIX.
With dynamic smart routing logic, Nocturnal will spread orders out over multiple destinations seeking executions at midpoint or better.
The portal can minimize market impact and manage performance against a benchmark, by allowing clients to spread orders simultaneously across a number of providers, execution venues, and algorithms.
The portal can minimize market impact by allowing clients to spread orders simultaneously across a number of providers, execution venues, and algorithms.
A number of other features are under development to enhance PreferredTrade's appeal to options traders, including online spread orders and orders wherein one cancels another order.
With thinkAnywhere, customers will have real-time access to both stock and option quotes, execution capabilities for stock, option, and spread orders, and real-time position risk and profit/loss.