Split Spread

Split Spread Illustration

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

...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.

Order Entry - Price Line
Price Line

Use the Price Line to set a limit price precisely between the spread with a single click.

Order Entry - Relative Price Buttons
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.

Order Entry - Adaptive Algo Button
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.

Order Entry - Relative Price Wand
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

Open an account, and discover
why professional traders and investors choose IB.

Open an Account

Learn more about how to create a split spread order using our advanced order types.

Learn More

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.

Know Your Advisor: View the CIRO AdvisorReport