To create a stock spread order in TWS:
- Enter the underlying symbol of one of the two stocks into a market data line and select Combinations followed by Stock / Stock (SMART)
- Click in the Underlying field and enter the underlying symbol of the other stock, hit Enter and choose Stock
- Adjust the value in the Quantity column if you want to create a ratio spread
- 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
- Select Request market data for legs to add market data lines for each combo leg
- Once finished, click the Add button to add the combo as a market data line to your watchlist
- Click OK to close the window
- 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: