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Imperative Execution Letters on FINRA Proposal to Add IntelligentCross to Alternative Display Facility (ADF)

Imperative Execution has filed a letter with the SEC in response to comments filed on the FINRA proposed rule change to add the IntelligentCross ATS as a new entrant to the Alternative Display Facility (“ADF”).

The letter provides additional information on how IntelligentCross operates; why the addition of IntelligentCross’ displayed liquidity through the ADF will improve market efficiency, transparency, and execution quality; and why the proposal is consistent with both the spirit of, and applicable requirements under, Regulation NMS.

Read the February 2023 Imperative Execution comment letter here.

POSTED ON JULY 14, 2023

Imperative Execution filed a supplemental letter with the SEC in response to comments filed on the FINRA proposed rule change to add IntelligentCross ATS as a new entrant to the ADF.


Read the July 2023 Imperative Execution comment letter here.

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