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Article: IB Launches Smart-Routing for Equity and Options Spread Orders Across Markets.
- Article from:
- PR Newswire
- Article date:
- October 12, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GREENWICH, Conn., Oct. 12 /PRNewswire/ -- Interactive Brokers LLC (IB) has launched Inter-market Smart-Routing for Spread Orders, a new service that supports spread strategies for equities and options traded across multiple U.S. markets.
Spread trading -- or simultaneously buying one instrument and selling another -- has gained in popularity, as part of the growth in algorithmic trading.
IB's proprietary smart-routing technology addresses the main risk inherent to spread trading -- that one segment or "leg" of the complex order remains unfilled. The service supports spread trading between: options contracts; securities and options contracts; stocks and ...