ASPEN displayed quotes:

The First

Performance
Optimizing Venue

80% less market impact. 
Price improvement 2.4 million times/day.
How it works

Get the most out of every trade.

The AI-powered matching engine inside IntelligentCross is the first of its kind. It matches orders at optimal times, calibrated stock by stock, to deliver the highest price stability for your trades. So the market is unlikely to move against you or away from you as you trade.  Our AI system is adaptive – it measures its own trading performance and learns to work better whatever the market throws at it. It’s a new category of a venue, advancing your execution performance towards the best trading technology on the street.

A new kind of displayed liquidity.

The best quote on the market
2.4M times/day.

Uniquely tight spreads.

Unparalleled (Out) performance.

Massively lower market impact.
80%
lower than exchange average.

Take price discovery to a whole new level

  • 35% of ASPEN displayed orders improve the NBBO.
  • 22% average ASPEN spread improvement vs the NBBO.
  • $1.7B / year of savings available to investors.
Assumptions: Comparison of market impact in Midpoint vs Exchange average midpoint 20 ms after trade.

Why make a venue 'intelligent'

Traditional venues require investors to have sophisticated and expensive infrastructure to trade at fair value and to minimize signaling.  With IntelligentCross, we’ve put the sophistication into the venue, where our AI-calibrated matching process enables investors to achieve high execution performance with much less effort.
Learn More

Request access.  We work with leading brokers:

Baird
Bank of America
Barclays
CLSA
Citi
Clearpool
Cowen
Credit Suisse
DASH Financial Technologies
Evercore ISI
FIS Brokerage
Fidelity Capital Markets
Fox River Execution
Global Liquidity Partners
Instinet
J.P. Morgan
Jefferies
Morgan Stanley
Piper Sandler
RBC Capital Markets
Raymond James
Sanford C. Bernstein & Co
UBS
Virtu Financial
Wells Fargo