Rice Execution Services provides institutional and retail firms superior electronic execution of equities and options. Our team’s history with complex derivatives has fostered a culture of innovation that allows us to offer our clients superior cost‐efficiency on one of the most advanced technological trading platforms. We develop custom algorithmic technology and routing solutions fully focused on providing our clients best execution across all exchanges by:
Rice develops its technology on a client‐by‐client basis to serve the unique needs of each customer. Our customized algos scour the market landscape, seeking out the best liquidity sources and delivering optimized execution solutions. Rice is front‐end agnostic, allowing us to work with a wide range of trading front‐ends and proprietary trading systems.
Rice’s algos scrutinize all 18 option exchanges to achieve best execution and maximize fills.
Our order routing allows customers to leg into spreads utilizing the spread and single-leg books.
Customers’ orders are electronically entered into exchange auction mechanisms to realize meaningful price improvement.
These “dark orders” allow customers to get their clients filled at better prices.
Electronic Execution Contact:
Jay Knopf
(212) 908-9252
jay.knopf@ricefin.com
Rice conducts daily performance analysis of best execution and price improvement, both to inform our customers and to continuously re‐engineer our algorithms to best exploit changing market conditions. As an executing broker, Rice relies on its extensive market data access to provide best execution, price improvement and speed statistics via customizable execution reports that give clients timely data for analysis of liquidity, cost and performance.
While our technological capabilities are exceptional, Rice’s people are what truly set us apart from our competitors on the Street. Rice Execution Services is not just another trading machine driven and controlled by computers. Our veteran sales traders are available every day to talk with you one-on-one about your needs and concerns. Because we are small and specialized, each client is extremely valuable to us. They know they can rely on us for rapid and thoughtful responses to issues and inquiries.