IntelligentCross reached a new milestone for trading volume in June! For the first time, our ATS was listed #4 in FINRA’s weekly ATS report for trading in NMS Tier One equities, #3 for trading in NMS Tier Two equities. In volatile markets, many traders are turning to IntelligentCross for trade execution. Our use of AI to optimize price discovery continues to set us apart. This is the second edition of a new monthly market update we will be sending. At the end, you will see June data highlighting trading trends on our platform. And if you missed the first edition, with a blog on trading in volatile markets, you can find it below.
SEC Chair Gensler Speech on Equity Market Structure Reform
On June 8, SEC Chair Gensler laid out a framework for long-awaited SEC reforms to equity trading and market structure. Chair Gensler appeared at the Piper Sandler Global Exchange and FinTech Conference, giving a speech entitled “Market Structure and the Retail Investor,” which was followed by Q&A.
Updates also on:
From coast to coast, IntelligentCross’ leadership spent a busy June meeting with clients and financial industry leaders. Founder and CEO Roman Ginis appeared at Trading Evolved’s 2022 U.S. Conference and the annual conference of the San Francisco Security Traders Association. In the SFSTA’s virtual discussion about the changing dynamics of off-exchange trading, Roman highlighted the “enormous amount of innovation” that alternative trading systems have fostered. IntelligentCross also partnered with Instinet on a golf cart takeover at the spring STANY golf outing.