News & Announcements

Custom Spreader

01/12/08

This versatile trading tool in EasyActiveTrade, allows the user to create, manage, execute and monitor virtually any type of bespoke trading relationship. Typically, it is of greatest value when creating and managing arbitrage trades between different exchanges, Ftse 100 v Dax and non supported strategies on the same exchange, Bobl v Schatz. It is also very effective in managing more complex bespoke strategies where one leg of the strategy may itself be an exchange supported strategy. Custom Spreader can comfortably manage the execution of spreads with up to 10 legs, with in excess of 5 legs actively working in the market.

Custom Spreader can be used to configure and trade a wide range of strategies including:

• Inter commodity spreads, LME v Comex, Liffe Coffee v ICE Coffee
• Stock Index futures
• TED spreads
• Yield curve arbitrage
• Crack spreads
• Butterfiles and condors
• Basis trades

Spread Creation Wizard

This intuitive easy to use tool allows the user to set up the spread / arbitrage that they wish to create. Any number of spreads may be defined and once configured, will be saved within the users profile and will be treated by the system just like any other exchange listed product.

• Simple drag and drop of relevant contracts from instrument tree to create spread.
• Reactive Zone setting allows user to determine sensitivity and prevent excessive quoting
• Spread ID colour setup to easily identify spread working orders
• Volume Protection Multiplier sets minimum market volume for resting leg, reducing legging risk
• Depth level interrogation works orders against depths where there is sufficient volume
• Pay-up and offset tick settings to reduce legging risk
• Price and volume ratio settings ensure legs are given the correct weights

Custom Spread Monitoring

Custom spreads once created can be placed as an order and prices monitored either via the standard watch window, the Dashboard watch wondow or the depth ladder. Simultanous active quotes on 5 individual legs can be viewed via the depth ladder. The EasyActiveTrade depth ladder is a powerfull tool for entering, monitoring and editing spread orders.

• Quick drag and drop facility
• Ability to break order, lock position in queue, freeze working leg
• Export prices and risk information to Excel
• Check average price of position at a glance
• Global recentering button
• Default quantity selection for left & right click trading

Custom Spread Order Book

The Custom Spreader tool comes complete with its own dedicated order book for easier management of these type of trades. The custom spread order book allows the user to separately track spread trades and filter by multiple prameters.

The order book allows the user to configure their order book to either see just their own trades or the orders from selected or all other accounts if required. Orders can be edited, revised or cancelled and multiple order books can be set up to separately manage active and completed orders.