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EFP Futures Spreads
An EFP (Exchange for Physical) is a combination order to sell/buy stock and buy/sell an SSF (single stock future).
To create an EFP in SpreadTrader
- From the Trading Tools menu select SpreadTrader.
- Enter a symbol in the underlying field and hit Enter.
- Select EFPs for xxx and then select the routing destination, either SMART, IBEFP or ONE.
The spread matrix at the bottom of the window is populated with a list of all single stock futures legs on the left, and the stock across the top.
- Click a bid or ask price at the intersection of two legs to create the EFP spread.
- To transmit the order, click the "T" in the Status field of the Orders panel.
Please note that smart-routed EFPs are not guaranteed.
