Rice Execution Services

The team behind Rice Execution Services has deep roots in complex derivatives, fostering a culture of innovation that allows us to provide our self‐directed and high‐touch clients superior cost‐efficiency on one of the most advanced technological trading platforms.

Electronic Execution

Rice Execution Services provides institutional and retail firms superior electronic execution of 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:

Carefully segmenting order flow and fine tuning distribution to the most appropriate options market makers and execution venues.
Delivering timely customized reporting in best execution and other measurement variables.

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.

Our Option Algos

Smart Routing/Sweeping

Rice’s algos scrutinize all 17 option exchanges to achieve best execution and maximize fills.

Advanced Spread Order Routing

Our order routing allows customers to leg into spreads utilizing the spread and single-leg books.

Exchange Auction Access

Customers can electronically respond to exchange auction mechanisms to realize meaningful price improvement.

Penny Limits in Nickel Quoted Options

These “dark orders” allow customers to get their clients filled at better prices.

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.

Electronic Execution Contact:
Jay Knopf
212-908-9252
jay.knopf@ricefin.com

High‐Touch Execution

For clients preferring a more hands‐on approach, Rice’s Equity Sales and Trading Desk provides high‐touch order routing and trade execution services in global equities and U.S. options. We offer extensive experience with single stock, program trading, corporate share repurchase, single‐leg and complex options in the majority of the developed, emerging and frontier markets. Rice Execution Services is connected to all U.S. options and equity exchanges, as well as the major dark pools.

Customized Analytics

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 and price improvement statistics via customizable execution reports that give clients timely data for analysis of liquidity, cost and performance.

As an executing broker, Rice provides price improvement statistics via customizable execution reports that give clients timely data for analysis of liquidity, cost and performance.

Equity Sales and Trading Contact:
Tom DeGiulo
212-908-9287
thomas.degiulo@ricefin.com