Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Futures spread trading with IB .. does anyone have any experience ?
They have 2 spread trading tools called "Combo Trader" and Spread Trader".
Does anyone have an idea whether this functionality supports a calendar spread as one of the spread legs ?
Can you help answer these questions from other members on NexusFi?
Yes, I do. But I do not understand "calendar spread as one of the spread legs". According to my understanding a calendar spread consists of two legs, two options with different expiry date.
Thanks for your reply.
I understand that with IB, we can trade a non-exchange supported futures spreads with their ''spread trader" or "combo trader" tool, like Corn/Wheat, Gold/Silver, SnP/Dow, CL/HeatingOil. All of these examples have an normal outright futures contract in both Leg A and Leg B of the spread.
My questing is can: I trade a spread with their functionality where either Leg A or Leg B (or both) contains a exchange supported futures calendar spread ? For instance, CLZ8CLZ9.
To explain it another way:
Leg A (corn) VS. Leg B (wheat) = yes, we can trade is on IB (i think)
Leg A (corn month X) VS. Leg B (corn calendar spread months Y/Z which is exchange supported) = can this be done ?
Leg A (oil H8M8 futures calendar) VS. Leg B (OIL M8U8 futures calendar) = can this be done ?
Bare in mind that these are exchange supported calendar spreads, they have their own order books etc.
Keen to know whether they can be part of Leg A or Leg A (or both)..
Obviously many platforms support out there as part of their Spreader functionalities, but keen to know whether IB do
In TWS, this is supported and will route to exchange as native SP as supported (IB refers to as guaranteed)
In TWS, sort of, if the working leg A, you can simulate the hedge order of leg B as a pair trade, but it will not route as native SP, (IB will route via SMART, non-guaranteed)
However, if leg B is the working leg, yes, you can work it as native SP, and attach a PT with leg A
In TWS, the same applies as above. Working leg can be native SP, but there is no way to submit hedge leg as native.
It would be possible to leverage their API and create your own combo orders (bag orders as they are called in the API) then both legs would be native-SP
Thank you, I think thats answers my question..
Apologies for the follow up and I suspect silly question here here, but what does "SP" and "PT" stand for ?
