Imperative Execution

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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 different 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.