Imperative Execution operates IntelligentCross, a U.S. equities alternative trading system that utilizes machine learning and AI to enhance order matching and optimize price discovery. This technology minimizes market impact and reduces trading costs for investment managers, improving overall market efficiency.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional U.S. equity trading systems often suffer from market impact and suboptimal price discovery, leading to increased trading costs for investment managers. These inefficiencies can arise from conventional order matching logic and a lack of sophisticated mechanisms to minimize adverse selection.
Solution
IntelligentCross is an alternative trading system (ATS) that utilizes artificial intelligence (AI) to optimize order matching and enhance price discovery for U.S. equities. Its matching logic is designed to minimize market impact and reduce trading costs, thereby improving overall market efficiency. The platform's architecture leverages close-to-the-hardware, massively parallel transaction processing to optimize performance and fully utilize modern multi-core servers.
Target Audience
The primary users are institutional investment managers and professional traders seeking to improve execution quality and reduce trading costs in U.S. equities.
Features
- AI-driven matching logic to optimize price discovery
- Minimizes market impact through advanced order handling techniques
- Close-to-the-hardware, massively parallel transaction processing for raw performance
- Midpoint matching functionality