NEW YORK: Imperative Execution, an upstart, artificial intelligence-driven U.S. stock trading venue operator, is going after the business of the ...
NEW YORK: Imperative Execution, an upstart, artificial intelligence-driven U.S. stock trading venue operator, is going after the business of the New York Stock Exchange and other bourses by adopting their pricing models and may soon register as an exchange, the head of the company said on Wednesday.
Now IntelligentCross plans to either become an exchange, or partner with an existing exchange, to distribute its quotes to the public so it can better compete with the likes of Nasdaq Inc and Intercontinental Exchange Inc's NYSE, said Chief Executive Officer Roman Ginis. Since its September 2018 launch, IntelligentCross has become the 16th-largest ATS out of 31, trading 52.5 million shares the week of Sept. 9, according to the latest Financial Industry Regulatory Authority data. In March, IntelligentCross launched an order type called the Adverse Selection Protection Engine, or ASPEN. Adverse selection refers to trading against market participants who have more information than you, potentially leaving you on the wrong side of the trade.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US to join fight over New York's subpoena of Trump taxesNEW YORK (BLOOMBERG) - The top federal prosecutor in Manhattan said the US will join a legal fight between Donald Trump and Manhattan District Attorney Cyrus Vance Jr. over the president's tax and other financial records.. Read more at straitstimes.com.
Read more »
US wins backing for US$7.5 billion tariffs on EU in jet subsidy clashBRUSSELS/LONDON (REUTERS) - The United States won approval on Wednesday (Oct 2) to impose tariffs on US$7.5 billion (S$10 billion) worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.. Read more at straitstimes.com.
Read more »
Reefknot eyes AI, digital logistics in growth driveTEMASEK-BACKED logistics venture capital firm Reefknot Investments is focusing its US$50 million fund on artificial intelligence (AI) and deep tech, digital logistics and trade finance, said managing director Marc Dragon. Read more at The Business Times.
Read more »