ST. LOUIS and NEW YORK – 16 December 2019 – Exegy Inc., the leading provider of managed services and low-latency technology for market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals, has today announced the addition of Imperative Execution’s IntelligentCross ATS to its portfolio of US equity venues. Through its IntelligentCross Adverse Selection Protection Engine (ASPEN), Imperative Execution provides the first AI-powered Alternative Trading System (ATS) that uses machine learning technology to reduce market impact and optimize order matching. By consuming this feed using Exegy’s low-latency market data solutions, clients can further realize the benefit of overall reduced trading costs and improved execution quality for US equities. Exegy provides support for all three IntelligentCross ASPEN displayed books with different fee structures (Fee/Fee, Maker/Taker, Taker/Maker), to accommodate various types of clients and execution strategies.
Imperative Execution is a financial technology company that focuses on creating efficient markets. Its IntelligentCross ATS is the first smart trading venue that uses AI to minimize market impact and adverse selection – the key institutional costs of trading. “The addition of our IntelligentCross ATS ASPEN market data feed to Exegy’s feed handler portfolio will provide our clients with access to a more comprehensive view of the US equity market and help improve overall trading performance,” says Roman Ginis, Imperative Execution Founder & CEO.
Exchange fees and overall trading costs have been significantly rising over the past several years and firms have been looking for ways to reduce them in a meaningful way. “Exegy’s real-time market data solutions complement Imperative Execution’s AI-powered Broker-Dealer ATS platform in helping our clients achieve higher execution quality and reduce implicit trading costs. In addition to delivering low-latency market data with aggregated pricing views, our hardware-accelerated Ticker Plant appliance also delivers predictive trading signals in real-time,” says Exegy Chief Technology Officer, David Taylor.
About Exegy, Inc.
Exegy provides low-latency market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals to elite firms in the financial services industry. Today Exegy serves as a strategic partner to leading principal traders, agency brokers, Alternative Trading System (ATS) and dark pool operators, market makers, hedge funds, and asset managers. At the heart of Exegy solutions are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology. All solutions are delivered as a fully managed service backed by a global team of experts and state-of-the-art infrastructure. Learn more about the Signum portfolio of real-time trading signals at www.exegy-signum.com. Exegy promotes the design of robust electronic markets through its MarketDataPeaks service that reports real-time market data feed rates.