Use Autospreader® to create and trade your own synthetic FX Sweepable spreads. You can define the legs of the spread, then preview the implied market for the spread based on the outright legs.
The Autospreader widget can be opened by:
Autospreader constructs a synthetic spread market using settings established during the spread creation process. Synthetic spread orders are executed on the Autospreader Server, which is co-located with the exchange matching engine.
When you submit a synthetic spread order, Autospreader submits a quoting order in the designated quoting leg or legs based on the current bid or ask in the hedge leg and the available liquidity. Autospreader calculates a price level at which to place the quoting order where adequate liquidity is available to fill the order at the desired spread price. As the best bid or ask changes in the hedge leg, Autospreader automatically replaces the quote order.
See the following topics for more information on TT Autospreader functionality:
The basis measures the rate of return for carrying a given commodity over a specific period of time. You can view the basis as the difference between the spot and futures prices. Basis trading involves simultaneously buying or selling the spot cash commodity and doing the opposite (selling or buying) with the futures contract for the commodity. A trader will take a long position if the basis is expected to widen, and, conversely, take a short position if the basis is expected to shrink.
With the availability of cash spot metals and FX on TT, you can execute basis trading strategies using all of the tools provided on the TT platform. For example, Autospreader provides the ability to create synthetic spreads and launch them to a co-located server for low-latency execution. You can configure Autospreader to display the basis as well as simultaneously execute orders for the cash spot and future to achieve a designated synthetic spread price.
See the following topics for more information on setting up basis trading strategies for Metals and FX: