You are here: Algos > Jefferies Algos > Patience

Jefferies Patience

Liquidity seeking algo targeted at illiquid securities.

Number	Description
1	Choose the algo.
2	(optional) Set a start time
3	(optional) Set an end time
4	Volume Limit - (optional) Max rate of volume
5	Blocks Only - Check to specify.
6	WoW Price (optional) Users must be able to modify this field on a Cxl/Replace or cancel the original entry. If this field has a value, user may specify BPS Arrival or Price. Price is the default behavior if WoW Reference is not submitted.
7	WoW Reference (optional)This field is used in con-junction with the WoW Price fields. If a user enters a value in the WoW Price field; they may specify BPS Arrival or Price. If WoW Price is not submitted, a “reference” can be submitted for processing. Users must be able to modify this field on a Cxl/Replace or cancel the original entry. Market Inside NBBO Price Arrival Price PNC Open BPS Arrival Price OPP Midpoint
8	Min Take Size - Specifies the minimum size to take. Will be rounded down to nearest lot size.
9	Min Fill Size - (optional) Specifies minimum number of shares per execution. This applies only to eligible dark pool fills.
10	WoW Order Percentage - (optional) specified max percent of order WoW can act on. 5-100.
11	WoW Mode BLITZ DARKSeek Seek Passive Seek Active Seek Aggressive Volume 10% Volume 20% Volume 30% VWAP Day Custom 1 Patience

To use Jefferies algos, select JEFFALGO as the routing destination.