Brokers that allow 3-leg futures orders - futures io
futures io

Brokers that allow 3-leg futures orders

Discussion in Brokers

    1. trending_up 527 views
    2. thumb_up 3 thanks given
    3. group 4 followers
    1. forum 2 posts
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Brokers that allow 3-leg futures orders

(login for full post details)
  #1 (permalink)
Experience: Intermediate
Trading: Futures
Posts: 56 since Apr 2015
Thanks: 72 given, 16 received

I've developed a strategy w/ 3 legs in bonds futures.

I'd really love to not have to break up the combo, and be able to put in limit orders for the entire combo.

When I try to do this in Interactive Brokers (Trader Workstation/Order Entry/Futures Spreads/Leg-by-Leg), first it says "This combo can only be executed as Non-Guaranteed. Do you want to create it anyway?" and then I click "Yes" and try to enter a position it says "Non-guaranteed order should only have two legs" and won't let me go any further.

Does anyone know of any brokers that make this easier? Or is there another way to do this in Interactive Brokers?

Thanks for any pointers!

Started this thread Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(248 thanks from 25 posts)
looks_twoSalao's Journalby Salao
(60 thanks from 12 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(48 thanks from 18 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(37 thanks from 15 posts)
looks_5Maybe a little bit different journalby Malykubo
(17 thanks from 16 posts)
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
83 thanks
Big Mike in Ecuador
76 thanks
Help improve the FIO community
41 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
29 thanks
Webinar: Seven Trading Mistakes Solved With Smart Tradin …
26 thanks
(login for full post details)
  #2 (permalink)
Bay Area California
Experience: None
Platform: TT T4
Broker: Phillip Capital
Trading: Futures
Posts: 807 since Nov 2011
Thanks: 889 given, 890 received

The tool you are looking for is called a "spreader", the two most common ones for futures are from Trading Technologies and CQG. They will use a combination of limit and marketable limit orders to get your desired price for your particular spread. Any broker with access to those platforms should be able to accommodate you.

Depending on the 3 legs, you might be able to put your spread position on in interactive brokers using 2 of the exchange guaranteed spreads as the legs that overlap on your middle leg (say ZFxZN and ZNxZB), but its likely IB crosses every leg to get you in, so you will likely be giving up a lot of edge/slippage, so if you plan on doing it regularly, you will want a dedicated spreader.

Reply With Quote
The following 2 users say Thank You to addchild for this post:
(login for full post details)
  #3 (permalink)
Hartford CT, USA
Experience: Beginner
Platform: None
Trading: ES
Posts: 121 since Jan 2015
Thanks: 125 given, 117 received

gumdr0p View Post
Does anyone know of any brokers that make this easier? Or is there another way to do this in Interactive Brokers?

One possibility I've seen is Rithmic R-Trader Pro, you might want to look into that. Looks like you can define any synthetic spread within that platform, no matter how many legs. The one caveat being, I can't speak to the execution quality on its own, or compared to autospreading technology. It appears to utilize market-if-touched orders for all legs, which to me, implies that it may be executed fairly efficiently on the server-side through Rithmic. There was more info on this on the Optimus forum so maybe they would be a good brokerage to call.

Reply With Quote
The following user says Thank You to ocpb for this post:

futures io Trading Community Trading Reviews and Vendors Brokers > Brokers that allow 3-leg futures orders

Last Updated on February 26, 2021

Upcoming Webinars and Events

NinjaTrader Indicator Challenge!


Journal Challenge w/$1,800 in prizes!


Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts