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

Transaction Highlights

$967,500,000

Waystar Holding Corp.

Trading Symbol: WAY
Initial Public Offering
June 7, 2024

Total Offering:
$967,500,000
45,000,000 Shares

IPO Participant

$343,000,000

Hess Midstream LP

Trading Symbol: HESM
Initial Public Offering
May 30, 2024

Total Offering:
$343,000,000
10,000,000 Shares

IPO Participant

$575,000,000

CCC Intelligent Solutions Holdings, Inc.

Trading Symbol: CCCS
Initial Public Offering
May 29, 2024

Total Offering:
$575,000,000
50,000,000 Shares

IPO Participant

$500,000,000

Cytokinetics, Inc.

Trading Symbol: CYTK
Initial Public Offering
May 23, 2024

Total Offering:
$500,000,000
9,803,922 Shares

IPO Participant

$3,646,591,000

Kenvue Inc.

Trading Symbol: KVUE
Initial Public Offering
May 15, 2024

Total Offering:
$3,646,591,000
182,329,550 Shares

IPO Participant

$360,000,000

Auna S.A.

Trading Symbol: AUNA
Initial Public Offering
March 22, 2024

Total Offering:
$360,000,000
30,000,000 Shares

IPO Participant

$599,999,764

Madrigal Pharmaceuticals, Inc.

Trading Symbol: MDGL
Initial Public Offering
March 19, 2024

Total Offering:
$599,999,764
2,307,692 Shares

IPO Participant

$1,300,000,000

Amer Sports, Inc.

Trading Symbol: AS
Initial Public Offering
February 1, 2024

Total Offering:
$1,300,000,000
100,000,000 Shares

IPO Participant

$693,333,342

BrightSpring Health Services, Inc.

Trading Symbol: BTSG
Initial Public Offering
January 26, 2024

Total Offering:
$693,333,342
53,333,334 Shares

IPO Participant

$405,000,000

Fluence Energy, Inc.

Trading Symbol: FLNC
Initial Public Offering
December 6, 2023

Total Offering:
$405,000,000
18,000,000 Shares

IPO Participant

$2,031,170,466

Las Vegas Sands Corp.

Trading Symbol: LVS
Initial Public Offering
November 29, 2023

Total Offering:
$2,031,170,466
46,264,168 Shares

IPO Participant

$319,500,000

Leonardo DRS, Inc.

Trading Symbol: DRS
Initial Public Offering
November 17, 2023

Total Offering:
$319,500,000
18,000,000 Shares

IPO Participant

$178,200,000

Squarespace, Inc.

Trading Symbol: SQSP
Initial Public Offering
November 16, 2023

Total Offering:
$178,200,000
6,000,000 Shares

IPO Participant

$277,688,682

Knife River Corp.

Trading Symbol: KNF
Initial Public Offering
November 8, 2023

Total Offering:
$277,688,682
5,142,383 Shares

IPO Participant

$1,483,870,944

Birkenstock Holding PLC

Trading Symbol: BIRK
Initial Public Offering
October 11, 2023

Total Offering:
$1,483,870,944
32,258,064 Shares

IPO Participant

$61,576,244

Atlanta Braves Holdings, Inc.

Trading Symbol: BATRK
Initial Public Offering
November 7, 2023

Total Offering:
$61,576,244
1,811,066 Shares

IPO Participant

$279,922,500

Permian Resources Corp.

Trading Symbol: PR
Initial Public Offering
September 20, 2023

Total Offering:
$279,922,500
21,450,000 Shares

IPO Participant

$232,375,000

Madison Square Garden Entertainment Corp.

Trading Symbol: MSGE
Initial Public Offering
September 20, 2023

Total Offering:
$232,375,000
7,150,000 Shares

IPO Participant

$250,070,000

Neumora Therapeutics, Inc.

Trading Symbol: NMRA
Initial Public Offering
September 15, 2023

Total Offering:
$250,070,000
14,710,000 Shares

IPO Participant

$350,000,012

Crinetics Pharmaceuticals, Inc.

Trading Symbol: CRNX
Initial Public Offering
September 13, 2023

Total Offering:
$350,000,012
11,441,648 Shares

IPO Participant

$140,000,000

LegalZoom.com, Inc.

Trading Symbol: LZ
Initial Public Offering
September 7, 2023

Total Offering:
$140,000,000
14,000,000 Shares

IPO Participant

$300,000,000

QuantumScape Corp.

Trading Symbol: QS
Initial Public Offering
August 4, 2023

Total Offering:
$300,000,000
37,500,000 Shares

IPO Participant

$300,000,017

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

Trading Symbol: HASI
Initial Public Offering
May 25, 2023

Total Offering:
$300,000,017
13,043,479 Shares

IPO Participant

$264,375,000

Gates Industrial Corp. PLC

Trading Symbol: GTES
Initial Public Offering
May 18, 2023

Total Offering:
$264,375,000
22,500,000 Shares

IPO Participant

$414,000,000

Alight, Inc.

Trading Symbol: ALIT
Initial Public Offering
March 2, 2023

Total Offering:
$414,000,000
46,000,000 Shares

Co-Manager

$1,345,500,000

AerCap Holdings N.V.

Trading Symbol: AER
Initial Public Offering
March 9, 2023

Total Offering:
$1,345,500,000
23,000,000 Shares

IPO Participant

$300,000,000

Revolution Medicines, Inc.

Trading Symbol: RVMD
Initial Public Offering
March 3, 2023

Total Offering:
$300,000,008
13,363,364 Shares

IPO Participant

$172,200,000

Essential Properties Realty Trust, Inc.

Trading Symbol: EPRT
Initial Public Offering
February 17, 2023

Total Offering:
$172,200,000
7,000,000 Shares

IPO Participant

$252,000,000

Enlight Renewable Energy Ltd.

Trading Symbol: ENLT
Initial Public Offering
February 10, 2023

Total Offering:
$252,000,000
14,000,000 Shares

IPO Participant

$638,400,000

Nextracker Inc.

Trading Symbol: NXT
Initial Public Offering
February 9, 2023

Total Offering:
$638,400,000
26,600,000 Shares

IPO Participant

$122,500,000

Xponential Fitness Inc.

Trading Symbol: XPOF
Initial Public Offering
February 8, 2023

Total Offering:
$122,500,000
5,000,000 Shares

IPO Participant

$110,500,000

Paragon 28, Inc.

Trading Symbol: FNA
Initial Public Offering
January 26, 2023

Total Offering:
$110,500,000
6,500,000 Shares

IPO Participant

$125,000,000

Novavax, Inc.

Trading Symbol: NVAX
Initial Public Offering
December 16, 2022

Total Offering:
$125,000,000
12,500,000 Shares

IPO Participant

$317,400,000

New Fortress Energy Inc.

Trading Symbol: NFE
Initial Public Offering
December 15, 2022

Total Offering:
$317,400,000
6,900,000 Shares

IPO Participant

$578,500,000

Shoals Technologies Group, Inc.

Trading Symbol: SHLS
Initial Public Offering
December 2, 2022

Total Offering:
$578,500,000
26,000,000 Shares

IPO Participant

$155,000,000

Alight, Inc.

Trading Symbol: ALIT
Initial Public Offering
November 15, 2022

Total Offering:
$155,000,000
20,000,000 Shares

Co-Manager

$509,850,000

VICI Properties Inc.

Trading Symbol: VICI
Initial Public Offering
November 4, 2022

Total Offering:
$509,850,000
16,500,000 Shares

IPO Participant

$300,000,000

Relay Therapeutics, Inc.

Trading Symbol: RLAY
Initial Public Offering
September 13, 2022

Total Offering:
$300,000,000
11,320,755 Shares

IPO Participant

$100,000,000

EF Hutton Acquisition Corp I

Trading Symbol: EFHTU
Initial Public Offering
September 9, 2022

Total Offering:
$100,000,000
10,000,000 Units

IPO Participant

$100,000,000

Pono Capital Two, Inc.

Trading Symbol: PTWOU
Initial Public Offering
August 5, 2022

Total Offering:
$100,000,000
10,000,000 Units

IPO Participant

$190,000,000

Portillo’s Inc.

Trading Symbol: PTLO
Initial Public Offering
August 12, 2022

Total Offering:
$190,000,000
8,000,000 Shares

IPO Participant

$119,000,000

Sovos Brands, Inc.

Trading Symbol: SOVO
Initial Public Offering
August 11, 2022

Total Offering:
$119,000,000
8,500,000 Shares

IPO Participant

$200,393,376

Evertec, Inc.

Trading Symbol: EVTC
Initial Public Offering
August 11, 2022

Total Offering:
$200,393,376
6,262,293 Shares

IPO Participant

$181,800,000

Netstreit Corporation

Trading Symbol: NTST
Initial Public Offering
August 4, 2022

Total Offering:
$181,800,000
9,000,000 Shares

IPO Participant

$225,000,018

Verve Therapeutics Inc.

Trading Symbol: VERV
Initial Public Offering
July 21, 2022

Total Offering:
$225,000,018
8,333,334 Shares

IPO Participant

$200,000,004

Pliant Therapeutics Inc.

Trading Symbol: PLRX
Initial Public Offering
July 13, 2022

Total Offering:
$200,000,004
10,810,811 Shares

IPO Participant

$150,000,000

Day One Biopharmaceuticals, Inc.

Trading Symbol: DAWN
Initial Public Offering
June 15, 2022

Total Offering:
150,000,000
10,000,000 Shares

IPO Participant

$2,137,600,000

American Tower Corporation

Trading Symbol: AMT
Initial Public Offering
June 3, 2022

Total Offering:
$2,137,600,000
8,350,000 Shares

IPO Participant

$288,000,000

ProFrac Holding Corporation

Trading Symbol: PFHC
Initial Public Offering
May 13, 2022

Total Offering:
$288,000,000
16,000,000 Shares

IPO Participant

$350,000,000

Freshpet, Inc.

Trading Symbol: FRPT
Initial Public Offering
May 4, 2022

Total Offering:
$350,000,000
4,320,000 Shares

IPO Participant

$200,005,000

HilleVax, Inc.

Trading Symbol: HLVX
Initial Public Offering
April 29, 2022

Total Offering:
$200,005,000
11,765,000 Shares

IPO Participant

$200,000,000

Patria Latin American Growth Opportunity Acquisition Corp.

Trading Symbol: PLAOU
Initial Public Offering
March 10, 2022

Total Offering:
$200,000,000
20,000,000 Shares

IPO Participant

$225,000,000

Sound Point Acquisition

Trading Symbol: SPCMU
Initial Public Offering
March 2, 2022

Total Offering:
$225,000,000
22,500,000 Shares

IPO Participant

$100,000,000

Evergreen Corporation

Trading Symbol: EVGRU
Initial Public Offering
February 9, 2022

Total Offering:
$100,000,000
10,000,000 Shares

IPO Participant

$200,000,000

Credo Technology Group Holding Ltd.

Trading Symbol: CRDO
Initial Public Offering
January 27, 2022

Total Offering:
$200,000,000
20,000,000 Shares

IPO Participant

$1,000,000,000

PIMCO Access Income Fund

Trading Symbol: PAXS
Initial Public Offering
January 27, 2022

Total Offering:
$1,000,000,000
50,000,000 Shares

IPO Participant

$240,000,000

bleuacacia ltd

Trading Symbol: BLEUU
Initial Public Offering
November 18, 2021

Total Offering:
$240,000,000
24,000,000 Shares

Co-Manager

$766,919,980

TaskUs Inc.

Trading Symbol: TASK
Initial Public Offering
October 21, 2021

Total Offering:
$766,919,980
12,077,480

IPO Participant

$2,040,000,000

BlackRock ESG Capital Allocation Trust

Trading Symbol: ECAT
Initial Public Offering
September 28, 2021

Total Offering:
$2,040,000,000
102,000,000 Shares

IPO Participant

$875,000,000

Avantor Inc.

Trading Symbol: AVTR
Initial Public Offering
September 14, 2021

Total Offering:
$875,000,000
20,833,333 Shares

IPO Participant

$620,000,000

Certara Inc.

Trading Symbol: CERT
Initial Public Offering
September 9, 2021

Total Offering:
$620,000,000
20,000,000 Shares

IPO Participant

$400,000,000

Dole Plc

Trading Symbol: DOLE
Initial Public Offering
July 30, 2021

Total Offering:
$400,000,000
25,000,000 Shares

IPO Participant

$580,000,000

Thornburg Income Builder Opportunities Trust

Trading Symbol: TBLD
Initial Public Offering
July 28, 2021

Total Offering:
$580,000,000
29,000,000 Shares

IPO Participant

$426,000,000

Paycor HCM Inc.

Trading Symbol: PYCR
Initial Public Offering
July 21, 2021

Total Offering:
$426,000,000
18,500,000 Shares

IPO Participant

$65,000,000

HCW Biologics, Inc.

NASDAQ: HCWB
Initial Public Offering
July 20, 2021

Total Offering:
$65,000,000
8,125,000 Shares

IPO Participant

$150,000,000

Black Spade Acquisition Company

NYSE: BSAQ.UT
Initial Public Offering
July 20, 2021

Total Offering:
$150,000,000
15,000,000 Units

IPO Participant

$1,000,000,000

Western Asset Diversified Income Fund

Trading Symbol: WDI
Initial Public Offering
July 25, 2021

Total Offering:
$1,000,000,000
50,000,000 Shares

IPO Participant

$1,500,000,000

Neuberger Berman Next Gen. Connectivity Fund Inc.

NYSE: NBXG
Initial Public Offering
May 26, 2021

Total Offering:
$1,500,000,000
75,000,000 Shares

IPO Participant

$915,390,000,000

Tuya, Inc.

NYSE: TUYA
Initial Public Offering
March 18, 2021

Total Offering:
$915,390,000,000
43,590,000 ADSs

IPO Participant

Smart. Creative. Rice.

Disclosures and Policies Careers Contact Us

3 Columbus Circle
15th Floor
New York, New York 10019
Phone: 212-908-9200

Securities offered through Rice Securities, LLC, Member FINRA / SIPC. Rice Securities, LLC, and Rice Derivative Holdings, L.P. are affiliated entities.