This Corporate Buy Back tactic will assist the trader in managing the execution of a corporate buy back order by conforming to the price test rules as set forth by SEC Rule 10b-18. The trading benchmark for the Corporate Buy Back tactic is the volume weighted average eligible price from the start of the trade to the end. The Corporate Buy Back tactic does not guarantee it will finish the entire order because of the price tests.
To use CSFB algos, select CSFBALGO as the destination on the Basic tab.