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Traders Magazine
Providing seamless clearing and settlement services for fast-growing, performance-focused ATS
NEW YORK, NY, December 16, 2020– Instinet Incorporated today announced the firm has been appointed Clearing Agent for IntelligentCross, an AI-powered ATS equity trading platform that has seen strong growth since its 2018 launch by Imperative Execution. Instinet will support the day-to-day execution process by clearing and settling trades on IntelligentCross.
Luke Mauro, Instinet
Luke Mauro, Global Head of Operations for Instinet, said, “We are excited to be named Clearing Agent for IntelligentCross, an ATS known for its innovative approach. Our goal is to bring our long-term expertise in middle- and back-office processes, unparalleled network of broker connections, and our advanced technology and scale to bear so as to add value. This arrangement should enable IntelligentCross to continue focusing on their award-winning matching and execution techn ....

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