|Key People||Roman Ginis|
|Employees||15 - 30|
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.
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. 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. 
Products and Services
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.
- Roman Ginis, CEO
- Steve Cohen's Point72 Ventures backs new trading site that combats high-speed traders. CNBC.
- Steven Cohen Targets High-Frequency Trading With ‘Dark Pool’ Venture. WSJ.
- Imperative Execution Closes $9 Million Series A Financing Round. Globe Newswire.