[TheOptionClub.com] What's the Story on Multileg Spreads?

 

A number of brokers allow you to specify a limit buy or sell order on
a 2-4 legged spread on the same underlying. I have heard some
conflicting stories about what happens next. One version says that
the entire spread order is sent to a single MM. Another story is that
a computer figures out the limit buy or sell for each leg and the up
to 4 orders go to up to 4 MMs who don't know that they originated from
a single order. Anybody know what really happens?

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