RealTick, a multi-broker cross-asset electronic trading platform, has expanded its capabilities with Jefferies as part of its international multi-broker network.
The partnership allows clients to execute US equity pairs trades, plus international equities, using new algorithms from Jefferies, a securities and investment banking firm.
RealTick users can now access Jefferies’ newest suite of algorithms, comprising MultiScale, Trader and Panel, all of which allow a trader to take more control over executions and be more responsive to changing market dynamics.
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.
International algorithmic execution is also available alongside Jefferies’ existing direct access, program trading and smart order routing capabilities for US, international equities, and US options in RealTick.
“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,” says Daniel Charney, head of global electronic trading services at Jefferies. “All of our algorithms use sophisticated order placement, enabling the strategies to intelligently source displayed and non-displayed liquidity.”
“Our aim is to ensure clients have access to the widest network of brokers and their latest electronic products globally. We are pleased to have significantly expanded the execution capabilities available via Jefferies, particularly in relation to pairs trading, which is gaining greater focus with clients,” adds Michel Finzi, global head of business development at RealTick.
