Imperative Execution, a Stamford, CT-based financial technology company that created a new trading venue for institutional investors, completed a $9m Series A round of financing.
The round, which followed a $5m five-investor seed round in 2017, included participation from prominent buy side firms, industry executives and venture capital funds.
The company intends to use the funds to grow IntelligentCross, which was launched in September.
Led by Roman Ginis, Founder and CEO, Imperative Execution is a financial technology company that makes smart, efficient trading venues. It provides IntelligentCross, a broker-dealer and Alternative Trading System (ATS) using artificial intelligence (AI) to optimize order matching and to reduce market impact. It is currently accessible through major electronic execution providers.