Liquidity seeking algo targeted at illiquid securities.
| Number | Description |
|---|---|
| 1 |
Choose the algo. |
| 2 |
(optional) Set a start time |
| 3 |
(optional) Set an end time |
| 4 |
Volume Limit - (optional) Max rate of volume |
| 5 | Blocks Only - Check to specify. |
| 6 | WoW Price (optional) Users must be able to modify this field on a Cxl/Replace or cancel the original entry. If this field has a value, user may specify BPS Arrival or Price. Price is the default behavior if WoW Reference is not submitted. |
| 7 |
WoW Reference (optional)This field is used in con-junction with the WoW Price fields. If a user enters a value in the WoW Price field; they may specify BPS Arrival or Price. If WoW Price is not submitted, a “reference” can be submitted for processing. Users must be able to modify this field on a Cxl/Replace or cancel the original entry.
|
| 8 | Min Take Size - Specifies the minimum size to take. Will be rounded down to nearest lot size. |
| 9 |
Min Fill Size - (optional) Specifies minimum number of shares per execution. This applies only to eligible dark pool fills. |
| 10 | WoW Order Percentage - (optional) specified max percent of order WoW can act on. 5-100. |
| 11 | WoW Mode
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To use Jefferies algos, select JEFFALGO as the routing destination.