Split Spread
Split the Spread to
Capture Better Prices
Split spread orders include any order that is priced within the spread between the bid price and ask price. When they fill, these orders yield significant price improvement. In addition, split spread orders typically add liquidity, often earning exchange rebates.
Interactive Brokers Lets You Easily Submit Split Spread Orders
Through...
...the Desktop Order Entry Window
Our revolutionary order entry tools let you interact quickly with prices and sizes, setting new standards in speed and precision for placing orders within the spread.
Price Line
Use the Price Line to set a limit price precisely between the spread with a single click.
Relative Price Buttons
Change the Price Line to Relative Price buttons, and have TWS calculate a split spread price by adding or subtracting ticks from the bid or ask price at the click of a button. Switch to "% of spread" mode to calculate the order price using a percentage of the bid/ask spread instead of ticks.
Adaptive Algo Button
You can also use the Adaptive button to create an Adaptive Algo order that sets the order price within
the bid/ask spread, and then works the order within the spread automatically.
Relative Price Wand
The Relative Price Wand helps you set the limit price to a percent of the spread
or a tick off the bid or ask with a click.
Available throughout TWS anywhere you can enter an order.
Lower Your Costs with an IB Account
At Interactive Brokers we charge low commissions - as much as 87% lower* than our competitors - we never sell your orders, and we make it easy to submit potentially price-improving orders within the bid/ask spread, on both mobile and desktop TWS.
*see the following for more info: Commissions
