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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Anticipatory strategies have developed to the point that they can glean the intent of traditional smart order routers, which use "price discovery" to slice and spread orders across multiple venues and over time.
CQG was one of the first Independent Software Vendors to provide server-side management of spread orders last year.
LiquidPoint's iSpreads, its technology for managing and routing spread orders, executed 5.
smart-routing for spread orders where IB undertakes the risk of any partially executed spread order involving stocks and/or options -- direct-access bond trading with immediate best-execution on the New York Stock Exchange (NYSE), the BondDesk ECN or IB's market-making affiliate Timber Hill; -- IB SmartRouting Auto-Recovery service that automatically re-routes options orders when an options exchange experiences technical problems; -- free Secure Transaction Program (STP), with IB identity token generating one-time use passwords.
Clients trading futures now have the ability to submit futures calendar spread orders from an order management system (OMS) via FIX.
IB has also added futures to its smart-routing functionality for spread orders where IB undertakes the risk of any partially executed spread order involving stocks, ETFs, options and now futures.
GREENWICH, Connecticut, October 13 /PRNewswire/ -- Interactive Brokers LLC (IB) has launched Inter-market Smart-Routing for Spread Orders, a new service that supports spread strategies for equities and options traded across multiple U.
With dynamic smart routing logic, Nocturnal will spread orders out over multiple destinations seeking executions at midpoint or better.
Spreads Functionality -- Option enhancements include the ability for traders to send spread orders to the ISE.
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.
Enhanced Options Analysis Window - calls and puts are now displayed side by side, it is now easier to create multi-leg spread orders, and there is a new position chart toolbar that can be used to perform "what-if" scenarios.