September 24, 2025 — New York, NY — IntelligentCross, the #1 U.S. equities ATS by volume[1],today launched JumpStart—a breakthrough trading workflow tool that places control into the hands of institutional investors. JumpStart transforms liquidity sourcing, allowing buyside traders to directly choose, access, and interact with the liquidity they want with minimal information leakage. Their orders interact in purpose-built hosted environments on IntelligentCross ATS that connect their trading interest with orders being executed through specific agency broker algos.
Jefferies (NYSE: JEF), one of the world’s leading full-service investment bankingand capital markets firms, leads as the first broker-dealer to go live with JumpStart.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, integrates the offering via Portware, its advanced, broker-neutral, multi-asset execution management system (EMS), and is the initial platform fully integrated with JumpStart for the launch.
Harris | Oakmark, a leading investment management firm known for its long-term, value-oriented approach to investing, played an important role in providing user insights and testing of this innovative workflow solution during the development and QA process.
Built in collaboration with Jefferies and select buyside clients, JumpStart enables institutional investors to have their trading interest interact directly with other institutional orders being executed via agency algorithms. Employing JumpStart early in an order’s life cycle reduces the need to hunt for natural counterparties all over the market, leaving multiple footprints along the way.This type of non-signalling, direct interaction should lead to higher quality execution and lower market impact for both sides.
“JumpStart puts the buyside in the driver’s seat,” said Roman Ginis, CEO of Imperative Execution, the parent company of IntelligentCross. “No longer chasing liquidity—they now can directly select it. This changes the entire dynamic and allows buyside traders a greater ability to manage their information."
Unlike traditional block trading, blotter scraping, or conditional order tools,JumpStart empowers traders to precisely control their own information exposure.Traders proactively set their OMSs to send targeted indications of interest(IOIs) directly to specific pools of liquidity. These IOIs remain completely confidential within the IntelligentCross ATS until matchable contra liquidity is found. The result: unparalleled targeting ability, better fills, and drastically reduced signaling risks.
“We’re excited to collaborate with IntelligentCross on this groundbreaking liquidity matching product that promises to address many of the inefficiencies in the liquidity sourcing solutions available today,” said Jatin Suryawanshi, Head of Global Quantitative Strategies at Jefferies.“ JumpStart enables Jefferies to make our natural low touch liquidity directly accessible to select buyside clients. The investor gains priority access to our agency flow via their preferred trading tools while retaining full control over their execution outcomes. And likewise, our algo clients get unique and direct access to this natural buyside flow.”
“JumpStart is about solving real trading problems,” said Jason Siegendorf, Senior Director, Head of Trading Analytics at Harris| Oakmark. “This isn't an incremental upgrade—it's a meaningful evolution in the kind of liquidity we can interact with. JumpStart lets us precisely decide how, when, and with whom our orders interact. To us, this is trading as it should be: efficient, deliberate, and fully aligned with our objectives on behalf of our clients and shareholders.”
“At FactSet, we have been proud to collaborate with IntelligentCross, Jefferies, and longtime client Harris| Oakmark to bring this new functionality to our Portware EMS,” said Rob Robie, Executive Vice President and Head of Institutional Buy Sideat FactSet. “As equity trading becomes increasingly optimized for the needs of the buy side, we are pleased to offer institutional traders more efficient ways to locate high-quality liquidity—without compromising on signaling risks.By embedding JumpStart directly into our offering, we’re giving buyside clients a powerful new tool to trade smarter and with more confidence.”
FactSet’s integration via its Portware EMS ensures JumpStart fits seamlessly into existing workflows, empowering institutional traders immediately. Additional OMS and EMS integrations are set to follow later this year, reinforcing IntelligentCross’ commitment to pioneering transformative market solutions.
“JumpStart charts a new course for buyside trading,” added Roman Ginis. “We're committed to pushing the boundaries of market innovation. This is our mission.”
To learn more details on the exact workflows available via JumpStart and its eligibility criteria, please reach out to your representative at Jefferies, Portware or IntelligentCross.
[1] According to FINRA’s Weekly ATS Reports as of 08/18/2025
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