Roman Ginis, CEO and founder of Imperative Execution, knew from his time as a trader what issues he wanted to address when building a venue: adverse selection and market impact. These implicit costs of trading led to the development of Intelligent Cross, a new mid-point only ATS that uses artificial intelligence to schedule matching at different times for each name.
In this video from STAC’s 93rd Annual Midwinter Meeting, Ginis talks about the equity venue landscape, integrating best execution into a trading venue, and the role of A.I. at Intelligent Cross.
Produced by Mike Forrester