Imperative Execution is a financial technology company that creates trading platforms that adapt to market conditions using artificial intelligence (AI) to deliver superior trade execution. In 2018 we launched IntelligentCross, the first US equities ATS that uses AI to systematically reduce the largest costs of trading: market impact and adverse selection.
The results are in. Three separate, independent brokers have conducted execution quality studies based on their own trading performance data, with each finding a significant reduction in their trading costs when using IntelligentCross.
“We’ve been trading on IntelligentCross since it launched and have found it to be a significant value-add for our clients. In terms of improving execution quality, they are without question doing what they set out to do.”
"For the third quarter of 2020, Bernstein has traded $2.2 billion through IntelligentCross Midpoint, saving roughly $400,000 in post-match market movement at 20 milliseconds after the match, computed as the mid-to-mid markout for all their trades."
"Launching ASPEN less than one year into one of the strongest dark ATS debuts ever shows (IntelligentCross) is serious about becoming an even bigger player in the off-exchange landscape, by addressing an entirely different part of the market.”
We were raised in the trenches. As deeply experienced equity traders, analysts and engineers from both the buy and sell sides, we know how to identify and focus on what really matters.
