Smart Spreader

The Smart Spreader is a tool designed to trade a relationship between two or more products. The Smart Spreader will automatically create a visible market that can be traded, just like any other product. All orders are executed directly through the connecting platform, while the pending spread orders and positions can all be monitored in the Smart Spreader.

The Smart Spreader will independently work orders for each product in a spread in the connecting platform, always ensuring that the orders placed match the desired spread price. The Smart Spreader will also automatically hedge, once any product in the spread gets a fill. The Smart Spreader is the complete solution for adding spread trading to one of Cyborg’s supported platforms.

Fully Customizable

The smart spreader is fully customizable and can be designed to trade products that have very different volatility and prices. Customization options include:

• Choose any execution destination for each leg.
• Specify which products to buy or sell and their quantity with a spread ratio.
• Factor out differences in product volatility with a spread multiplier.
• Select which products initiate a spread trade, through quoting options.
• Determine how each leg is hedged, to better control slippage.

Intuitive Trading Interface

The Smart Spreader uses the Cyborg Fixed Order Execution (FOX) interface to execute and manage all spread orders. This intuitive interface allows the trader to place bids and offers, cancel pending orders and cross the market with a single click of the mouse.

The FOX interface is unique because volatile spread markets can be traded with a mouse. Hovering over cells will lock in the price, ensuring that prices are never chased or miss-clicked even in an extremely quick spread market. Everything needed to effectively trade spreads is available in this one simple user interface.
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