Who We Serve
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If your firm holds positions that can hit SSR on a volatile day, you need a counterparty that can execute when the standard path closes.
Common needs include staying flat on a position while SSR is active, completing basket trades that include restricted names, and avoiding margin calls on positions you can't otherwise exit.
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Your client needs to exit a position that just hit SSR. You need a principal buyer who can execute immediately, within Rule 201, with a FINRA-registered counterparty your compliance team can approve.
SPI is that counterparty. We take principal risk on execution, satisfy the uptick requirement, and provide your desk with a clean, documented trade.
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Holding an SSR-flagged position while managing exposure is an operational problem. The longer you’re in, the more unhedged risk you’re carrying. SPI provides immediate exit optionality — full position size, near-bid pricing, executed now.
We work with funds from $100M AUM and up. Integration is FIX-based. Onboarding is straightforward.
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Creation and redemption activity can leave ETF desks exposed to SSR-flagged components.
SPI provides an execution path for those positions — sized for institutional flow, settled through standard FIX connectivity.We work with funds from $100M AUM and up. Integration is FIX-based. Onboarding is straightforward.
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SSR events disrupt your inventory management. When a stock triggers the circuit breaker and you need to reduce a position, SPI provides a direct principal bid — immediately, at the level Rule 201 allows.
We understand your operational constraints. The conversation is technical, not sales-oriented.
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Speed and certainty of execution matter more than almost anything else at a prop desk.
When a position hits SSR and the standard execution path closes, SPI is the answer. We execute in full. Risk transfers on the trade. You move on.
SPI Stocks provides software solutions for our Broker/Dealer who will contribute liquidity for your trade. We are simply an alternative route to liquidity when needed.
SPI remains passive in your toolbox unless triggered. No subscription, connectivity, or service fees — our direct partner is a FINRA-registered broker-dealer, fully compliant with applicable securities regulations, serving broker-dealers, ATSs, and institutional clients across both dark and lit environments.