Trading Technology

10:13 AM
Connect Directly
RSS
E-Mail
50%
50%

Jefferies Releases New Algo Suite

Jefferies has launched a new suite of algorithms for the U.S., Canadian and European markets offering a number of features to address price volatility and liquidity in fragmented and less visible market environments.

Jefferies has launched a new suite of algorithms for the U.S., Canadian and European markets offering a number of features to address price volatility and liquidity in fragmented and less visible market environments.

The suite of algorithms provides a standard product across the three geographies with region-specific market structure expertise and access to multiple pools of liquidity.

Three new algorithms are offered in the suite – MultiScale, Trader and Panel – which allow a trader to have control over executions and be responsive to changing market conditions.

In a company statement, Daniel Charney, Head of Global Electronic Trading Services at Jefferies, said, “We are committed to developing cutting-edge, innovative algorithmic trading strategies to help our clients improve execution quality, and we believe this rollout will transform the way traders interact with their algorithms…This rollout is a significant step in Jefferies' quest to be the leading provider of global electronic trading solutions for institutional investors.”

Jatin Suryawanshi, Managing Director and Head of Global Quantitative Strategies at Jefferies, added, “These trading strategies were built with today’s market structure in mind and with a goal to deliver the greatest value to our institutional clients and internal trading desks. This new suite of algorithms offers a more scientific approach to market fragmentation, alternate liquidity sources and other factors impacting today’s market structure.”

Register for Wall Street & Technology Newsletters
Video
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.