IntelligentCross ASPEN ATS Displays Best Prices Ahead of Major Exchanges
IntelligentCross ASPEN ATS was ranked the #2 venue in setting the best price in US equities, outperforming most US equities exchanges, says Exegy, a leading market data firm
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STAMFORD, Conn., May 4, 2021 /PRNewswire/ Imperative Execution, Inc. today announced that the IntelligentCross ASPEN ATS, one of its AI-powered equity trading venues, was ranked #2 in the frequency of setting the best price in the US equities market when compared to most US equities exchanges, according to Exegy, a leading market data firm that distributes prices to brokers and traders.
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STAMFORD, Conn., Feb. 16, 2021 /PRNewswire/ Imperative Execution, Inc. today reported that IntelligentCross, its AI-powered equity trading venue, posted a record high total of shares ordered in January of 546 billion across 9,717 securities.
The IntelligentCross ASPEN displayed liquidity improved on the NBBO quote an average of 8.5 million times per day on orders received in January. The average improvement in those cases was 29% of the spread in the NBBO.
About Imperative Execution, Inc.
Imperative Execution, Inc. is a financial technology company that builds trading venues that optimize execution performance. It is a pioneer in using AI in market design and order matching. Founded by former traders, Imperative Execution, Inc. is the parent company of Intelligent Cross LLC, which operates the IntelligentCross US Equities ATS, that uses AI to minimize market impact. To learn more, visit
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STAMFORD, Conn., Dec. 16, 2020 /PRNewswire/ Imperative Execution, Inc. today announced that IntelligentCross, its AI-powered equity trading venue, offers better displayed prices than the exchanges nearly 7 million times per day, offering an average price improvement of 30% of the publicly available spread, according to Exegy, independent market data firm and a recognized thought leader in market data and predictive signals.
For example, the spread for Tesla, Inc. on IntelligentCross at those times is 32% better on average than the best price available on the exchanges. The superior quotes on IntelligentCross are due to our AI innovation in matching buyers and sellers close to fair value, said Roman Ginis, founder and CEO of Imperative Execution. We are pleased that Exegy, which distributes our prices to major U.S. brokers, has just independently analyzed our price data and reports significant improvement versus exchange quotes.