CSFB Algos
Select CSFBALGO as the destination for any U.S. Equity order, and choose from a series of algorithmic trading strategies. Use the CSFBALGO tab on the Order Ticket to select and define algo parameters.
To use CSFB Algos
Open the Order Ticket by right-clicking a U.S. stock ticker and selecting Trade and then Order Ticket.
In the Destination dropdown list on the Basic tab, ensure that CSFBALGO is selected.
Click the CSFBALGO tab.
In the Select Algorithm list, choose from the following:
Crossfinder - orders are hidden, execute at the midpoint or better, and may not complete.
Float - displays the size you want to show, and floats on bid, mid or offer.
Guerrilla - hitting/taking strategy. Use Aggressive style for small and mid caps; normal/passive for less liquid names.
Pathfinder - intelligently and dynamically posts across destinations.
Reserve - displays the size you want to show, fills and sends in display size increments until completion.
Strike - very aggressive hitting/taking strategy for limit orders only.
Tex - minimize implementation shortfall.
TWAP - aims for the time weighted average price.
VWAP - aims to match the volume weighted average price.
Work It - aims to execute at or better than arrival price; you can control min/max participation rate.
Work It IW - trades aggressively around the arrival price, less aggressively if price moves away.
10B 18 - corporate buy back order that conforms to price test SEC Rule 10b- 18.