ICE Strategies

This topic is intended for Trading
Technologies customers who wish to create options strategies on

Strategies are created from the Create
window. There are several ways to seed contracts into
the window. For example, you may seed contracts directly from Market
or the Market Grid right-click context menu.
Alternatively, you may drag and drop contracts from the Market
directly into the Create Strategy window. You may
also use a pop-up window called Instrument Explorer allowing
you to filter instruments by Market, Product Type, Product,
and Instrument. The following procedure describes how to
use Instrument Explorer to seed instruments into the Create

Creating Strategies

To create a strategy…

  1. Select (the Create
    icon) from the X_TRADER® Control Panel. This displays
    the Create Strategy window.

  2. Use Instrument Explorer to
    compose each Leg of the strategy:

    • Click the <Select a Contract> field
      to open Instrument Explorer.
    • Select the market (e.g.,
      ICE_IPE) where you would like to create the strategy.
    • Select OPTION in
      the Product Type field. This displays options in the Product field.
    • Select the product (e.g.,
      C) in the Product field. This displays all deliverable strike prices
      in the Instrument field.
    • Select the desired strike
      price in the Instrument field.
    • Click OK to
      add the instrument to the Creation pane.

    • Click additional <Select a Contract> fields as needed.


  3. Use the Buy/Sell (B/S) button
    to declare if you are buying or selling each leg.
  4. Use the Quantity field
    to set up ratio spreads. You may accept the quantity of one (1)
    or enter a different quantity using the keyboard.
  5. Select the strategy type
    (e.g., Butterfly) in the Strategy Type drop-down list.
  6. Click the Create button.
    This submits the strategy to the exchange for validation. Once validated,
    the strategy displays in the Show Strategies list and Market


Creating Outrights

The ICE exchange lets you create new outrights.
In other words, you can create a new strike/expiration. Although
X_TRADER® supports spontaneous display of newly created outrights
as they occur in real time, you cannot create outrights in X_TRADER®.

Re-Creating Strategies

Saving the Create Strategy window
in an X_TRADER® workspace preserves your strategy definitions
so they display in the Saved Strategies list the next time you trade.

To re-create a strategy on the TT Gateway…

  1. Log in to X_TRADER® and open your workspace with the strategy.
  2. Navigate to the Create
  3. Highlight the strategy in
    the Saved Strategies list and click the Re-Create button.

Note: Please contact your
Account Manager if you need additional assistance creating/re-creating strategies.