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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: