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Jefferies Pairs - Risk Arb

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) -

  • Active
  • TWAP
  • Aggressive
  • Custom
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) -

  • Setup
  • Unwind
  • Reverse
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.

Important Disclosures