RealTick, a multi-broker, cross-asset electronic trading platform, has expanded its capabilities with Jefferies, a securities and investment banking firm, as part of its international multi-broker network. The partnership will allow clients to execute US equity Pairs trades, plus international equities, using new algorithms from Jefferies.
RealTick users can now access Jefferies’s new suite of algorithms. This enhanced functionality is available in three new algorithms: MultiScale, trader, and panel, all of which allow a trader to take more control over executions.
Additionally, Jefferies has upgraded its Pairs trading algorithms, providing simultaneous execution of two stocks using pre-defined conditions including: spread, price ratio and relative performance versus a benchmark.
Daniel Charney, head of global electronic trading services at Jefferies, said: “As Jefferies continues to expand globally, we expect our algorithmic suite including our Pairs algorithms, coupled with RealTick’s highly user friendly platform, to provide clients with enhanced execution capabilities and performance for their trading strategies. All of our algorithms use sophisticated order placement, enabling the strategies to intelligently source displayed and non-displayed liquidity.”