Benzinga | Mar 17, 2021 08:03AM EDT

Fintech Brokerage Score Priority Extends Partnership With RCM-X Algo

Score Priority Corp., a fintech and brokerage firm for the retail and institutional traders, announced it's expanding its partnership with RCM-X.

* Chicago-based RCM-X is a fintech firm specializing in developing algorithmic execution strategies and quantitative trading products for institutional clients. It uses a data-driven approach to improve execution.

* Score did not disclose the financial terms of the agreement.

* "Low volume or high volume, tail event or tame environment, it doesn't matter -- the importance of negating order impact in markets and the efficient use of traders' time remain paramount to firms' P&L," said Score Priority CEO Tony Huck.

* Recently, Score also completed the acquisition of Lime low latency execution platform from Lightspeed Financial Services Group.