Placing Spread Orders on Order Desk

1.  Enter the QNumber or spread formula in the symbol field. The background color changes.

2.  Select the order quantity.

3.  Select LMT, Stop, or Market.

4.  Select the order type: DAY. (See Entering OCOs and Entering Iceberg Orders for other order types.) You have various options available to make changes before you place the order:

a.  To change the ratio of one leg to another, type a new value in the leg ratio field.

b.  If you would like to change which leg is currently working, click the working leg menu arrow and select the leg.

c.   If you would like to change the order type used for spread completion, click the complete spread menu arrow.

d.  If you would like to change trading parameters, click either the working leg menu or the complete spread menu arrow, and then click Setup parameters.

5.  Use the up and down arrows to move to the desired price.

6.  Click the buy or sell button to place the order. A notification is displayed at the bottom of the window.

 

Monitor the order state on Orders and Positions.