Burden of Proof: Meet the IEX breakaways looking to shake up broker algos

Founded with the principles of “transparency and academic rigor,” some say Proof’s model and technical approach is a test case for a new generation of cloud-native broker startups.

Proof Trading, a startup agency broker-dealer founded by former IEX executives Daniel Aisen and Allison Bishop, is about to launch its second trading algorithm in a bid to deliver more efficient and lower-impact execution.

The firm’s first algorithm, which went live in March, is a VWap (volume-weighted average price) execution algorithm. The second algorithm, expected to go live at the start of August, serves as both a liquidity-seeker and impact minimizer, which first seeks out large blocks of

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DTCC urges affirmation focus ahead of T+1 move

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This webinar focuses on the business and operational benefits to firms on the back of their cloud strategies, across an industry that is often unforgiving to those not able to guarantee 100% uptime, operational robustness and competitiveness

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