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RealTick adds Jefferies newest algorithmic suite and pairs trading capabilities

First Published 12th May 2010

RealTick users to access Jefferies' newest suite of algorithms

Michel Finzi, Global Head of Business Development, RealTick: "Our aim is to ensure clients have access to the widest network of brokers and their latest electronic products globally."

Execution Management System provider RealTick® has expanded its global , multi-broker, multi-asset platform capabilities with Jefferies & Company, Inc., to allow clients to now execute US equity pairs trades and international equities using new algorithms from Jefferies.

The enhancements give RealTick users access to Jefferies' newest suite of algorithms: MultiScale, Trader and Panel. The new algo suite is intended to 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 via the RealTick platform is also available alongside Jefferies' existing direct access, program trading and smart order routing capabilities for US, international equities, and US options.

"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." said Daniel Charney, Head of Global Electronic Trading Services at Jefferies. "All of our algorithms use sophisticated order placement logic, enabling the strategies to intelligently source both displayed and non-displayed liquidity."

"The first phase of our expansion has been geographic; we can now offer advanced execution capabilities in US, Canada and Europe, with Asia coming on stream shortly", adds Jatin Suryawanshi, Global Head of Jefferies Algorithmic Trading Group. "The next phase will be to extend these capabilities across asset classes".

Commenting on the enhancements, Michel Finzi, Global Head of Business Development at RealTick told our reporter, "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,"

"Traders looking to capture alpha increasingly want a single platform with the tools they need to execute sophisticated trading strategies, backed by the highest level of client service, from their brokers and execution platform provider," adds Finzi.

Jefferies is part of RealTick's global multi-broker network, which includes, amongst others, Bank of America Merrill Lynch, Barclays Capital, BNP Paribas, CA Cheuvreux, Citigroup, Convergex Group, Credit Suisse, Deutsche Bank, Goldman Sachs, Instinet, JP Morgan, Knight, MF Global, Morgan Stanley, Nomura, RBC Capital Markets, Societe Generale, and UBS.