ICBCFS | Execution Services
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Execution Services

ICBCFS’s mission is to provide our customers with a solution for their US execution needs in all major markets. We offer a suite of sophisticated electronic execution algorithms and an experienced high touch institutional agency trading desk.

Electronic Trading

  • Clients have access to various pools of liquidity for opportunities to seek price improvement and improve performance against execution benchmarks.
  • We continually monitor routing logic and algorithmic performance to meet industry best execution standards.
  • We are offer benchmark strategies, liquidity strategies and market access to all major exchanges as well as dark pools.
  • Our Strategies include: VWAP; TWAP; SOR; Dark SOR; POV; Implementation Shortfall; Target Close; Liquidity Seek; Arrival Price; market access to ARCA, NYSE, NSDQ, EDGX, BZX, and others.

High Touch Desk

  • Complementing our Electronic Trading Services, we have a high touch institutional agency desk, with over 20 years of industry experience, which provides extensive market knowledge with value-added customer service to help access liquidity, maintain anonymity and minimize market impact.
  • Our traders will work as execution consultants identifying trends in the marketplace and provide market color to customers in order to obtain the best and most effective execution pricing for your orders.
  • As an institutional agency broker, we have the same goals as our customers to seek best execution.

NOTICE

On November 8, 2023, U.S. Eastern Time (November 9, 2023, Beijing Time), ICBC Financial Services (FS) experienced a ransomware attack that resulted in disruption to certain FS systems. Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident. ICBC FS has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts. ICBC FS has also reported this incident to law enforcement. We successfully cleared US Treasury trades executed Wednesday (11/08) and Repo financing trades done on Thursday (11/09).

ICBC FS's business and email systems operate independently of the Industrial and Commercial Bank of China Group. The systems of the ICBC Head Office and other domestic and overseas affiliated institutions were not affected by this incident, nor was the ICBC New York Branch.

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