Comment on ZT-Spread Orders

Nithin Kamath commented on 31 Aug 2015, 02:25 PM

Hussain when u r placing spread orders, you basically have to place the difference between the two future contracts that you want the trade to be executed. So if you want to buy sept fut and sell Oct, mention the difference between the two in the first space u get. So assuming the difference currently is 50, and you place for sept as 7980, it is out of range, so order gets rejected. When you placed 0, it is considered as market, and hence gets executed immediately. When it is executed, sept is bought and Oct is sold simultaneously at market price.

So while trading spreads, you need to place the difference between both the contracts at which u want to trigger buy/sell. The easier way to trade them is by adding the spread contract directly on the marketwatch, check out the post above which shows how.

Yes 2L futures orders and spread is the same. Margin required is also the same.

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