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Creating a Spread Order

Create spread (combination) orders that include options, stock and futures legs (stock legs can be included if the order is routed through SmartRouting). Although a combination/spread order is constructed of separate legs, it is executed as a single transaction if it is routed directly to an exchange. For combination orders that are SmartRouted, each leg may be executed separately to ensure best execution.

There are three ways to create a spread (combo) order:

• Manually create a spread order on the Spread tab in the Order Management Panel.
• Select a strategy on the Spread tab in the Order Management Panel.
• Create a spread order directly from an option chain displayed on the Options page. You can also select a strategy when you use this method.