Imperative Execution

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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

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.