Difference between revisions of "Imperative Execution"

From MarketsWiki
Jump to: navigation, search
 
(13 intermediate revisions by one other user not shown)
Line 1: Line 1:
 
{{Random_adbox}}
 
{{Random_adbox}}
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
| company_name =  
+
| company_name = Imperative Execution
 
| company_logo =  [[Image:Imperative_execution.png]]
 
| company_logo =  [[Image:Imperative_execution.png]]
 
| key_people =    Roman Ginis
 
| key_people =    Roman Ginis
Line 12: Line 12:
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| facebook =      <!-- Facebook Page -->
 
| facebook =      <!-- Facebook Page -->
| homepage =      <!-- No web site?  Just leave this line blank -->
+
| homepage =      https://www.intelligentcross.com/
 
| press =          <!-- A link to where press releases can be found, or leave blank to omit -->
 
| press =          <!-- A link to where press releases can be found, or leave blank to omit -->
 
| blog  =          <!-- Blog site, or leave blank -->
 
| blog  =          <!-- Blog site, or leave blank -->
Line 25: Line 25:
 
     url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->
 
     url=web url; name=title of page/article; org=Name of organization who owns page; date=today's date-->
  
Imperative Execution builds automated trading systems (ATS).
+
Imperative Execution builds [[automated trading systems]] (ATS).
 
+
Its first product is the IntelligentCross ATS, due to launch in May 2019. Through a variety of features, IntelligentCross aims to negate the effect of high frequency traders on execution quality.<ref>{{cite web|url=https://www.cnbc.com/2018/04/17/steve-cohens-point72-ventures-backs-new-trading-site-that-combats-high-speed-traders.html|name=Steve Cohen's Point72 Ventures backs new trading site that combats high-speed traders|org=CNBC|date=December 18, 2018}}</ref> 
+
  
 +
Its first product was the IntelligentCross ATS, launched in September 2018. Through a variety of features, IntelligentCross aims to negate the effect of high frequency traders on execution quality.<ref>{{cite web|url=https://www.cnbc.com/2018/04/17/steve-cohens-point72-ventures-backs-new-trading-site-that-combats-high-speed-traders.html|name=Steve Cohen's Point72 Ventures backs new trading site that combats high-speed traders|org=CNBC|date=December 18, 2018}}</ref> 
  
 
== History ==
 
== History ==
  
Imperative Execution was founded by Roman Ginis, a former trader with Cubist Systematic Strategies, the systematic trading arm of Steve Cohen's Point72.
+
Imperative Execution was founded by Roman Ginis, a former trader with Cubist Systematic Strategies, the systematic trading arm of [[Steve Cohen]]'s Point72.
 +
 
 +
The idea for the venue came to Ginis while a "medium-frequency" trader for Cubist, employing algorithms that held stocks for only a day or two. In his role as a quant trader, Ginis had to deal with the problems posed by slippage, or when execution prices differ from the expected price of a trade, a phenomenon generally experienced when trying to fill large orders.<ref>{{cite web|url=https://www.wsj.com/articles/steven-cohen-targets-high-frequency-trading-with-dark-pool-venture-1523994344|name=Steven Cohen Targets High-Frequency Trading With ‘Dark Pool’ Venture|org=WSJ|date=December 18, 2018}}</ref> IntelligentCross is designed to mitigate such slippage.
 +
 
 +
In 2017, the firm raised $5 million in seed funding from five investors. In December 2018, Imperative announced it raised $9 million in Series A financing. <ref>{{cite web|url=https://globenewswire.com/news-release/2018/12/04/1661726/0/en/Imperative-Execution-Closes-9-Million-Series-A-Financing-Round.html|name=Imperative Execution Closes $9 Million Series A Financing Round|org=Globe Newswire|date=December 18, 2018}}</ref>
  
The idea for the venue came to Ginis while a "medium-frequency" trader for Cubist, employing algorithms that held stocks for only a day or two. In his role as a quant trader, Ginis had to deal with the problems posed by slippage, or the phenomenon of prices running away from a market participant when trying to execute a large order. <ref>{{cite web|url=https://www.wsj.com/articles/steven-cohen-targets-high-frequency-trading-with-dark-pool-venture-1523994344|name=Steven Cohen Targets High-Frequency Trading With ‘Dark Pool’ Venture|org=WSJ|date=December 18, 2018}}</ref>
 
  
 
== Products and Services ==
 
== Products and Services ==
 +
 +
===IntelligentCross===
 +
IntelligentCross is an AI-enabled dark pool using a non-continuous trading model and a single order type in order to decrease market impact of large orders.
  
 
== Key People ==
 
== Key People ==
Roman Ginis, CEO
+
*Roman Ginis, CEO
 +
 
 +
== John Lothian News Articles ==
 +
*[http://johnlothiannews.com/trading-venues-and-best-execution-roman-ginis-imperative-execution/ Trading Venues and Best Execution – Roman Ginis, Imperative Execution (February 2019)]
  
 
== References ==
 
== References ==

Latest revision as of 14:53, 27 February 2019

Imperative Execution
Imperative execution.png
Founded 2016
Headquarters Stamford, Conn.
Key People Roman Ginis
Employees 15 - 30
Products ATS/Dark pool
LinkedIn Profile
Website https://www.intelligentcross.com/


Imperative Execution builds automated trading systems (ATS).

Its first product was the IntelligentCross ATS, launched in September 2018. Through a variety of features, IntelligentCross aims to negate the effect of high frequency traders on execution quality.[1]

History

Imperative Execution was founded by Roman Ginis, a former trader with Cubist Systematic Strategies, the systematic trading arm of Steve Cohen's Point72.

The idea for the venue came to Ginis while a "medium-frequency" trader for Cubist, employing algorithms that held stocks for only a day or two. In his role as a quant trader, Ginis had to deal with the problems posed by slippage, or when execution prices differ from the expected price of a trade, a phenomenon generally experienced when trying to fill large orders.[2] IntelligentCross is designed to mitigate such slippage.

In 2017, the firm raised $5 million in seed funding from five investors. In December 2018, Imperative announced it raised $9 million in Series A financing. [3]


Products and Services

IntelligentCross

IntelligentCross is an AI-enabled dark pool using a non-continuous trading model and a single order type in order to decrease market impact of large orders.

Key People

  • Roman Ginis, CEO

John Lothian News Articles

References

  1. Steve Cohen's Point72 Ventures backs new trading site that combats high-speed traders. CNBC.
  2. Steven Cohen Targets High-Frequency Trading With ‘Dark Pool’ Venture. WSJ.
  3. Imperative Execution Closes $9 Million Series A Financing Round. Globe Newswire.