ASPEN displayed quotes:
NEWS
AI-Driven IntelligentCross Posting Best Displayed Prices in U.S. Equities Market

Optimize
Your
Trade

The IntelligentCross® ATS is a US Equities venue that uses A.I. to improve your trade execution — automatically minimizing market impact and adverse selection at match time.

TOP 10

ATS by FINRA volume

(1/4/2021)1

% less

market impact in Intelligent Midpoint2

2 bp lower

adverse selection in ASPEN3

Get the most out of every trade.

The AI-powered matching engine inside the IntelligentCross® ATS is the first of its kind. It matches orders at optimal times, calibrated stock by stock, to trade close to fair value. 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 venue to optimize your trade execution.

A new kind of displayed liquidity.

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

Uniquely tight spreads.4

Unparalleled (Out) performance.

Massively lower market impact.
80%
lower than exchange average.2

Take price discovery to a whole new level

  • 22% average ASPEN spread improvement vs the NBBO.5
  • 4,000+ securities in ASPEN with displayed liquidity (on average).6
  • 35% of ASPEN displayed orders improve the NBBO by at least one tick.7
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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 the IntelligentCross® ATS, 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
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Sales
212-621-9640
info@intelligentcross.com
Media
212-994-7614
bill@bryantparkfc.com
© 2021 Imperative Execution Inc. IntelligentCross, LLC is a wholly owned subsidiary of Imperative Execution and member FINRA and SIPC. ASPEN quotes could be up to 15 min delayed.
FOR INSTITUTIONAL & PROFESSIONAL CLIENTS ONLY – NOT INTENDED FOR RETAIL CUSTOMER USE

The products, services, and materials listed on this site may not be suitable for your particular circumstances. All content on this site is provided for informational purposes only and is subject to change without notice. Nothing on this site is intended as research or an offer, solicitation, advice, or recommendation to buy or sell any financial product or service.  Nothing on this site should be used in any way to evaluate any particular transaction.  Please consult your own independent professional advisors regarding financial, investment, legal, tax, accounting and other considerations relating to a a transaction, including its suitability for you.   

Imperative Execution Inc. and IntelligentCross, LLC disclaim all responsibility and liability whatsoever for the quality, accuracy, and completeness of the content on this site, any reliance thereon, and any use thereof.  Order flow information referenced above is maintained confidential as required by applicable FINRA regulations.
* references 1-7 see here.