Difference between revisions of "Imperative Execution"

From MarketsWiki
Jump to: navigation, search
Line 34: Line 34:
 
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 different 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.  
+
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.<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>
 
In 2017, the firm raised $5 million in seed funding from five investors.<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>

Revision as of 17:06, 18 December 2018

FTSE Russell banner 2016.gif
'
Imperative execution.png
Founded 2016
Headquarters Stamford, Conn.
Key People Roman Ginis
Employees 15 - 30
Products ATS/Dark pool
LinkedIn Profile


Imperative Execution builds automated trading systems (ATS).

Its first product is 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.[3]


Products and Services

IntelligentCross

Key People

Roman Ginis, CEO

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.