RiverCross Securities Information

RiverCross provides advanced Algorithmic Trading Solutions and operates an Alternative Trading System pursuant to Regulation ATS. We offer a secure and confidential liquidity source for U.S.-registered broker-dealers and their clients. Algorithmic Trading Solutions- In order to achieve the best possible price on an order, an algorithm must first be designed to minimize the costs incurred each and every time liquidity is obtained at the individual fill level. Since the impact and liquidity concessions made on each individual fill will determine the cumulative performance of the order, it is essential to maximize available liquidity each time a trade occurs. This "bottom-up" approach to algorithmic design allows our algorithms to track their respective benchmarks while leaving the smallest possible footprint. Alternative Trading System- We provide access to liquidity across a broad spectrum of equities for U.S.-registered broker-dealers and their clients. Our platform offers users a variety of liquidity sources, accommodating block-sized interests, algorithmic postings, and retail order flow. Orders are handled by a stable, low latency matching algorithm designed to maximize crossing size and efficiency while reducing market impact. We seek to contain information leakage so we do not give Indications of Interest (IOI’s) or any other glimpses into our order book. We support the following order types: limit, peg, market, Immediate or cancel (IOC), or day.