SEC Approves IntelligentCross ATS

The SEC has approved a FINRA proposed rule change to add IntelligentCross ATS as a new entrant to the FINRA Alternative Display Facility (ADF) according to a story in Traders Magazine.  “This decision is a win for all investors,” said Roman Ginis, Founder and CEO of Imperative Execution, the parent company of IntelligentCross ATS. “The addition of our displayed liquidity to the public quote will make these quotations available to all market participants and enable them to access better prices, bringing more quality liquidity, performance, and price discovery to the broader markets,” he added. IntelligentCross routinely trades over 1% of US total consolidated volume, and since Q3 2022 has been consistently listed in the top 3 in FINRA’s weekly reports on ATS trading volume for all NMS stocks. Currently, the IntelligentCross ASPEN displayed market data feed (“IQX”) is available free of charge.