How do I create a stock spread order in TWS?

To create a stock spread order in TWS:

  1. Enter the underlying symbol of one of the two stocks into a market data line and select Combinations followed by Stock / Stock (SMART)
  2. Click in the Underlying field and enter the underlying symbol of the other stock, hit Enter and choose Stock
  3. Adjust the value in the Quantity column if you want to create a ratio spread
  4. Select Create (1:1) price combo to display the price of the combo as if it were a 1:1 price combo regardless of the leg ratio
  5. Select Request market data for legs to add market data lines for each combo leg
  6. Once finished, click the Add button to add the combo as a market data line to your watchlist
  7. Click OK to close the window
  8. Submit the order from the ticker row in the Classic TWS quote monitor by clicking on the Bid price (to create a Sell order) or the Ask price (to create a Buy order), or drag it in the Mosaic Order Entry window and submit the order from there.

Please Note

  • Although the order will be submitted for the leg ratio chosen upon combo creation regardless of "Create (1:1) price combo" set up, if "Create (1:1) price combo" is selected it is possible that less order types will be available. Un-check "Create (1:1) price combo" in order to see all order types.

Additional Information:

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