John Bajus has left his role at Instinet, where he most recently served as head Americas execution sales, to join US equities trading venue IntelligentCross, part of AI powered trading platform company, Imperative Execution.
In his new role he will serve as managing director, business development.
Prior to his stint at Instinet, Bajus was responsible for Americas prime brokerage and delta one business strategy and operations at Citi and before that worked as global head of electronic trading solutions at Jefferies.
His experience also includes previous roles as an MD at UBS Investment Bank, State Street, and Bear Stearns.
IntelligentCross uses artificial intelligence to run a periodic auction model instead of traditional matching engine technology, claiming to match orders “near continuously” to achieve optimal price stability.
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Speaking to The TRADE earlier this year, Roman Ginis, founder and chief executive of Imperative Execution, explained: “Investors should not have to choose between liquidity and performance. We are always looking for ways to deliver scale and yet still minimise adverse selection and market impact.”