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Autospreader

Viewing Autospreader Orders and Fills

Your Autospreader orders appear in the Order Book, Fill Window, and Orders and Fills Window. To make it easy for you to find them, you can choose Autospreader as a filter in the Product column. In addition, setting an account number for Autospreader orders in the Customer Defaults window lets you easily filter and view Autospreader working orders and fills based on a designated Autospreader account.

Definitions for the fields unique to Autospreader follow. For a complete list of fields, refer to Appendix: Grid Column Descriptions in the X_TRADER Help.

Unique Autospreader Fields Description

Order GW

Where the order was placed from:

  • TT: Your desktop
  • ASE: An Autospreader Strategy Engine
  • Algo SE: An Algo Strategy Engine

Product

Differentiates your Autospreader spread order from the rest of the Order Book and Fill Window. Reads: Autospreader.

Contract

Name of the spread.

Price

Price of the working or filled spread order.

Legged Qty

Quantity of spread units in a legged state.

Refer to Understanding the Lifespan (phases) of an Autospreader Order .

Pending Qty

Quantity of spread units in a pending state.

Refer to Understanding the Lifespan (phases) of an Autospreader Order .

Link Type

The kind of Autospreader order:

  • AS: Autospreader order
  • ASQ: Autospreader quoting order
  • ASH: Autospreader hedge order
  • ASPR: Autospreader position reserve order

Understanding the Lifespan (phases) of an Autospreader Order

Autospreader synthetic orders are represented in X_TRADER as native orders. An Autospreader order lifespan exists in four phases:

An Autospreader order is working when all its quoting orders have been sent but none have been filled.

An Autospreader order is pending when:

  • At least one of its quoting orders has been filled
  • Zero hedge orders are currently legged or have been deleted
  • At least one of its quoting orders is working in the market

If one or more quoting orders is deleted, the spread order remains pending if it is still possible to fill that spread order defined by its spread ratio.

An Autospreader order is legged when:

  • At least one of its hedge orders is currently legged
  • At least one of its hedge orders was legged and deleted

If one or more quoting orders is deleted, the spread order remains legged if it is still possible to fill that spread order in the outright quantities defined by its spread ratio.

An Autospreader order is filled when the number of its quoting orders and the number of its hedge orders have been filled in the exact quantities defined by the spread ratio.

A spread fill price is only created when the exact quantities defined by the spread ratio are completely filled.

A synthetic spread order exists for a period in time, during which Autospreader is maintaining and updating the spread orders Working, Pending, Legged and Filled counts. A lifespan for a synthetic order is over when Working, Pending, and Legged are all equal to zero, or when the spread order is deleted.

  • Creating an Autospreader customer

Creating an Autospreader Customer

In the Customer Defaults window, you must:

  • Choose Autosprd in the Market field
  • Type a valid account number
  • Click to select the SEL field

Once these customer names and accounts are created, choose the customer name for the spread from the drop-down list in either the AutospreaderMD Trader or Market Grid.

Autospreader automatically applies the correct customer account information to the legs and spread when you submit the order. Autospreader orders can be filtered by account in the Order Book and Fill Window.

Customer Select drop-down