Using the E*TRADE Futures Ladder

E*TRADE Securities1

08/14/18

Learn how to use the futures trading ladder to place futures trades

1.       Once logged on to your E*TRADE account, use the “Trading” tab dropdown menu to launch the OptionsHouse platform.

2.       On the platform, under “Trading”, select “Chart” from the dropdown choices and enter a futures symbol in the quote box.

3.       From the “Chart” screen, open the trading ladder by clicking “Show Ladder”.

·       The current market price is highlighted in yellow in the middle of the ladder

·       Market depth to the downside in green

·       market depth to the upside in red

4.       To center the ladder around the current price, click the “bullseye” button.

5.       To place a trade from the ladder, next to the corresponding desired trade price click:

·       Green box to buy, or

·       Red box to sell

This will open up an order ticket. You can either edit or send to the market.

6.       When placing or selling an order:

·       Click a green price above the market to place a buy stop order, or

·       Click a red price below the market to place a sell stop order

7.       Use quick action buttons at the top of the ladder to execute trades using different order types:

·       Buy Market

·       Sell Market

·       Flatten

·       Reverse

·       Cancel

8.       For convenience when using this feature:

·       Set your default quantity and duration to set up trades

·       Turn off the order preview ticket for one-click trading by turning “Auto Send” on

9.       Modify or cancel your placed order by:

·       Clicking on your order in the ladder, or

·       By going to Account > Orders

 

10.   Track your activity by looking at the position information at the top of the ladder.

With the futures ladder at E*TRADE, you can quickly and efficiently execute your futures trades and manage your futures positions. Visit the Futures Research Center to explore futures markets and trading insights.