When creating a spread in Strategy Builder, you will see the Order Entry line at the bottom of the window. The system will default to a DAY order. Click on the drop down menu that says "DAY" and select "GTC" from the list. You can now transmit your order as a Good Til Cancel order.
How do I place a GTC order for a spread?
An order that uses the Good-Til-Canceled (GTC) time in force will continue to work until the order fills or is canceled.
To place a Good-Til-Canceled (GTC) order from the Mosaic Order Entry panel:…
If you manage multiple accounts, have multiple linked accounts, or use account partitions, you will be prompted to select one or more accounts when you submit orders in TWS:
Classic TWS - In the upper part of the quote monitor you see a Select Account drop-down menu that allows you to select the default account where the orders you create on the page are allocated to. Then, click the Ask or Bid in a market data line to create an order line directly below the selected ticker. Click the Ask to create a Buy order. Click the Bid to create a Sell order. On the Order line, modify the order parameters including Account, if needed. To transmit your order, click "Transmit" (or "T" if you have reduced the size of the Transmit field)…
Classic TWS
- In the order row click in the Destination field and select "IBALGO" from the drop down menu. In the line created below the order row, click in the field for "(Select algorithm from the list)"…
When you get the Large Order Size message you may not want to take the time to create and then edit additional individual orders. You can use the "Create Duplicate" feature in Classic TWS to create these orders for you. To use the "Create Duplicate" feature, start by creating a new order in Classic TWS and adjust the amount to a smaller quantity that will be accepted. Right click on the order row and select "Create" from the pop up menu (you may have to expand the menu by clicking on the small circle at the bottom). Select "Duplicate" from the side menu. This will create another separate order with the identical order details. After creating additional identical orders, you can transmit all of the orders at one time by going to the top of Classic TWS and clicking on the "Trade" menu followed by Transmit and "Transmit All Orders on Page" (or any of the other available choices). Please note, you can also use the "Create Duplicate" feature when right clicking on an order row for an open working order. …