Stitching is a tool that allows you to combine staged orders for different instruments. As an execution specialist or broker, you can stitch multiple orders together that comprise exchange-listed spreads.
By stitching orders together, you can fill multiple care orders simultaneously and often at better prices due to more efficient spread markets. A newly stitched care order is seeded with a price calculated as the net spread price of the child care order legs.
You can stitch care orders using the Order Book widget or orders pane of the Orders and Fills widget. Orders stitched using the context menu in these widgets must have the same product and quantity and opposite Buy/Sell direction. Bulked and split orders can also be stitched using these widgets.
Note: The following orders cannot be stitched:
Splitting allows you to manage a claimed staged order by splitting it into into two equally sized orders that can be executed separately. The split orders can then be stitched or bulked with other orders.
For example, if you cannot stitch the quantities of two orders together, you can split one of the orders into two, stitch the quantities that match, and work the remaining quantities as a separate order.
You can split care orders using the Order Book widget or orders pane of the Orders and Fills widget. Split actions are also allowed for partially and fully filled unallocated split orders with no working child orders.
Note: The following orders cannot be split: