Imperative Execution Letter 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 Imperative Execution comment letter here.

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