Let's you execute two stock orders simultaneously. Allows you to setup, unwind or reverse a deal.
| Number | Description |
|---|---|
| 1 |
Select ARB to choose the Risk Arb pairs algo. |
| 2 |
(optional) Set a start time |
| 3 |
(optional) Set an end time |
| 4 |
Volume Limit - (optional) Max rate of volume |
| 5 |
Execution Style (optional) -
|
| 6 | Leg Threshold - Expressed as a percentage by for values up to 99. Values of 100 or greater will be interpreted as a share amount. |
| 7 | Pair ID (required) - Unique ID for the day. Must be unique per pair, per date. Specify on both legs of the pair. Limited to 28 characters. |
| 8 |
Pair Objective (optional) -
|
| 9 |
Pair Ratio (required) - Ratio per pair order. |
| 10 | CASH (optional) - same ratio value is applied to both legs. |
| 11 | Pair Spread ($) (required) - Positive or negative values accepted. |
| 12 | Pair Spread Operator (required) - greater than or equal to; less than or equal to. |
To use Jefferies algos, select JEFFALGO as the routing destination.