TT's Autospreader, which incorporates the patented MD Trader® interface, is the most powerful tool for spread traders. Autospreader is one of several automated trading applications build into TT's X_TRADER Pro. It helps create, manage and execute inter-product and cross-exchange spread trading strategies. Autospreader's multi-legged functionality lets you easily generate multiple spreads with up to ten legs and simultaneously quote up to three legs. This fast, flexible automated order management tool allows you to quickly define and manage spreads. Autospreader works the legs in the outright markets to match the desired spread price. This dynamic tool incorporates a range of capabilities to provide you with maximum flexibility:
- Choose between implied price, net change and ratio spreads
- Enable active quoting on three legs
- Configure the spread ratio and all other parameters
- Control legging risk with user defined parameter settings
- Manually change settings "on the fly" for working spread orders
- Save and manage unlimited spread configurations
Use Autospreader to configure and trade a variety of strategies, including:
- The long-term and short-term yield curve
- Butterflies
- Stock index futures
- TED spreads
- Crack spreads
- Basis trading
Easily Configure and Manage All Spread Parameters
All Autospreader® parameters can be controlled within the Autospreader Manager window. You can easily create new spreads or edit, launch and delete existing spreads. To create a new spread, simply add the legs of the spread, define the settings, and name and color-code the spread. Userdefinable parameters include:
- Ability to create settings to maually interact with a working spread in the new Advanced Settings dialog
- Positive and negative pay-up ticks
- Color coding to easily differentiate and identify unhedged Autospreader orders in MD Trader®
- Fractional price display for eCBOT
- Capacity to create ratio spreads, divide the legs and view as a percentage
- Ability to adjust for market depth and define an offset volume multiplier to reduce legging risk
- User-defined ticking that allows you to specify a greater or lesser tick size to fit your needs
- Multi-level settings to determine sensitivity to market moves and prevent excessive quoting
- Price reasonability check on any leg
Trade Autospreader Orders with the Powerful MD Trader
The Autospreader panes incorporate the functions and display of the patented MD Trader window within X_TRADER. A static price display guards against slippage, while single-click order entry and delete ensures that orders are entered and deleted as quickly as possible. This powerful market-leading interface incorporates features that can optimize your trading:
- Quickly edit orders using drag-and-drop
- Freeze any working leg order and lock position in the queue
- Check your position and average price of position at a glance
- See all market gaps
- Create strategies in Excel® and import links to drive trading
- Always see the market with global recentering
- Manage your strategy by selecting default quantities for right- and left-click trading
Manually Interact with Spread in the Dynamic Settings Pane
The new Dynamic Settings dialog window allows the same freedom as a manual spreader, plus all the benefits of an automated tool. The Dynamic Settings interface allows you to dynamically adjust pay-up ticks "on the fly" on any quoted leg and choose to hedge or not hedge frozen orders.
