Dear Manager,
We are pleased to advise that effective from Thursday, September 26, 2019, the new Intelligent Midpoint order type on IntelligentCross will be available for Live trading on US markets.
The IntelligentCross is the first ‘smart venue’ that matches orders to help traders achieve the best value from the trade. These days, the venue has more volume than IEX. Its Intelligent Midpoint matches an order at discrete times, millisecond apart. And best of all, their AI system measures the price response after each trade and calibrates the match times to keep it as close to zero as possible.
Features & Benefits
- NBBO midpoint order
- Discrete matches, milliseconds apart, calibrated per-name for minimal post-trade price response
- Continuous order management—orders can be updated without delays
- Only interacts with other midpoint orders
- 1 billion shares matched since launch
To send an Intelligent Midpoint order, you can select the “INCR” gateway in PPro8 Keyboard Setup for each US market. We charge a flat fee of 0.0011 USD on this gateway.
For more information about IntelligentCross, you can visit their official site.
Regards,
Communications Team
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