split spread

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.

Price Line

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

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.

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.

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

The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed income can be substantial. Options are not suitable for all investors. For more information, read the "Characteristics and Risks of Standardized Options".

Your capital is at risk and your losses may exceed the value of your original investment.

Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Reference Number 208159.

Interactive Brokers LLC is regulated by the US SEC and CFTC and is a member of the SIPC (www.sipc.org) compensation scheme;
products are only covered by the UK FSCS in limited circumstances.

Before trading, customers must read the relevant risk disclosure statements on our Warnings and Disclaimers page.

For a list of IBG memberships worldwide, see our exchange listings.