generated: '2026-08-04'
method: searched
source: https://www.imperativex.com/faq
summary: 'IntelligentCross is a regulated US equities market-infrastructure operator, so its
  conformance surface is regulatory and industry-protocol rather than web-API. It conforms to
  FIX 4.2 for order entry, files and maintains an effective Form ATS-N under Rule 304 of
  Regulation ATS, operates under Reg NMS with executions inside the NBBO protected quote range,
  is registered with ISO 10383 market identifier codes, and its operating subsidiary is a FINRA
  and SIPC member. None of the web-API standards families (OAuth 2.0, OIDC, RFC 9457, JSON:API,
  OData, SCIM, FHIR) apply - there is no HTTP API.'
standards:
- id: fix-4.2
  name: FIX Protocol 4.2
  conforms: true
  evidence: 'IntelligentCross FAQ: subscribers access the ATS via a FIX connection compliant
    with the FIX API provided by IntelligentCross; the ATS currently supports FIX 4.2. Book
    routing uses the standard ExDestination (tag 100) field; the order acknowledgment (38=8,
    150=0) returns OrderID in tag 37.'
  source: https://www.imperativex.com/faq
- id: regulation-ats
  name: SEC Regulation ATS (Form ATS-N, Rule 304)
  conforms: true
  evidence: IntelligentCross operates under an effective Form ATS-N filed under Rule 304 of
    Regulation ATS; the current filing is public on SEC EDGAR (CIK 0001746102) and carries the
    venue's operating rules and fee schedule.
  source: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001746102&type=ATS-N&dateb=&owner=include&count=40
- id: reg-nms
  name: SEC Regulation NMS
  conforms: true
  evidence: 'IntelligentCross trades NMS securities only and executes all orders within the
    framework of the NBBO protected quote range; the NBBO is determined from a combination of
    SIP and proprietary direct feeds from national securities exchanges. ASPEN is an SEC-approved
    entrant to FINRA''s Alternative Display Facility for displayed quoting.'
  source: https://www.imperativex.com/faq
- id: iso-10383-mic
  name: ISO 10383 Market Identifier Codes
  conforms: true
  evidence: 'Registered MICs per book: INCR (Intelligent Midpoint), ASPN (ASPEN Fee/Fee), ASMT
    (ASPEN Maker/Taker), ASPI (ASPEN Taker/Maker). All books operate under MPID INCR.'
  source: https://www.imperativex.com/faq
- id: finra-membership
  name: FINRA / SIPC membership
  conforms: true
  evidence: IntelligentCross LLC is a wholly owned subsidiary of Imperative Execution and a
    member of FINRA and SIPC. Trades are reported to the Nasdaq TRF (primary) with the NYSE TRF
    as backup, and cleared through Instinet, LLC.
  source: https://www.imperativex.com/faq
- id: llms-txt
  name: llms.txt
  conforms: true
  evidence: A valid llms.txt is served at https://www.imperativex.com/llms.txt (HTTP 200,
    text/plain) with an H1, blockquote summary and sectioned link lists, and is referenced from
    robots.txt.
  source: https://www.imperativex.com/llms.txt
- id: rfc9309-robots
  name: RFC 9309 Robots Exclusion Protocol
  conforms: true
  evidence: robots.txt published with an explicit, dated (last reviewed 2026-05-19) allow policy
    for named AI crawlers (GPTBot, OAI-SearchBot, ChatGPT-User, ClaudeBot, anthropic-ai,
    Claude-User, Claude-SearchBot, PerplexityBot, Perplexity-User, Google-Extended, CCBot).
  source: https://www.imperativex.com/robots.txt
- id: oauth2
  conforms: false
  evidence: No OAuth 2.0 surface. /.well-known/oauth-authorization-server returned 404 on both
    imperativex.com hosts.
- id: openid-connect
  conforms: false
  evidence: No OIDC surface. /.well-known/openid-configuration returned 404 on both hosts.
- id: openapi
  conforms: false
  evidence: No OpenAPI/Swagger document found. Probed /openapi.json, /openapi.yaml, /swagger.json
    and /api-docs on www.imperativex.com and imperativex.com - all 404. The venue's contracts are
    a public binary market-data specification (PDF) and a subscriber-gated FIX specification.
- id: rfc9457-problem-details
  conforms: false
  evidence: Not applicable - no HTTP API surface.
- id: rfc9116-security-txt
  conforms: false
  evidence: /.well-known/security.txt returned 404 on both hosts.
- id: a2a-agent-card
  conforms: false
  evidence: /.well-known/agent-card.json and /.well-known/agent.json returned 404 on both
    imperativex.com hosts. The intelligentcross.com domain answers 200 for every path but only
    because it 302-redirects to imperativex.com and serves an HTML page - not an agent card.
compliance_program:
  published: true
  kind: regulatory
  documents:
  - name: Form ATS-N (SEC EDGAR, CIK 0001746102)
    url: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001746102&type=ATS-N&dateb=&owner=include&count=40
  - name: IntelligentCross Business Continuity Plan Summary (2025)
    url: https://cdn.prod.website-files.com/5ee92e3bd621402efc7f2d3f/68880bfc97e2d817f8dc32a7_IntelligentCross_Business%20Continuity%20Plan%20Summary_2025.pdf
  - name: Restricted Symbols list
    url: https://www.imperativex.com/restricted
  - name: Disclaimers
    url: https://www.imperativex.com/disclaimers
  certifications_found: []
  note: No SOC 2 / ISO 27001 / PCI DSS / HIPAA / FedRAMP trust center was found on any
    imperativex.com host. The published compliance posture is regulatory (SEC/FINRA), not a
    security-certification trust center.
x-evidence:
- fetched: '2026-08-04'
  url: https://www.imperativex.com/faq
  http_status: 200
- fetched: '2026-08-04'
  url: https://www.imperativex.com/robots.txt
  http_status: 200
- fetched: '2026-08-04'
  url: https://www.imperativex.com/llms.txt
  http_status: 200