AI-assisted stock trading venue plans to use the technology for bigger trades GlobeInvestor
Imperative Execution, a startup electronic stock trading venue operator, has found early success using artificial intelligence to reduce price movements after trades, and now it plans to use the technology to help brokers get larger trades done.
“We want to build venues that solve for particular trading outcomes,” Ginis, a former trader at Cubist Systematic Strategies, the computer-driven trading arm of Steven Cohen’s hedge fund Point72, said in an interview. The company says this can reduce the costs between the arrival price of an order and the execution price for completing a trade by more than one basis point, which for the entire U.S. stock market would add up to around $10 billion per year.
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