Expansion into Canada is part of the firm’s global commitment to promote fair and equitable markets through transparency and control for market participants.
Clearpool, a provider of holistic electronic trading solutions and an independent agency broker-dealer, has launched the functionality to support Canadian equities trading and interlisted securities trading via Clearpool’s Algorithmic Management System (AMS).
The AMS, which includes a suite of fully configurable algorithms and smart routers, has become an integral part of the trading process of Clearpool’s broker-dealer partners. They use the system to ensure transparency and control for their customers, who represent some of the world’s largest asset managers.
Joe Wald, Chief Executive Officer of Clearpool, commented:
“With this expansion, we’re broadening the adoption of our electronic trading solutions, the AMS and Venue Analysis, while growing our global footprint. This move furthers our goal to provide brokers with the tools they need to differentiate themselves and become execution consultants for their clients.”
Clearpool has recently partnered with BMO, which utilizes the firm’s technology for its institutional clients, opened its Canadian broker-dealer – Clearpool Execution Services (Canada) Limited – and joined the Investment Industry Regulatory Organization of Canada (IIROC).
Founded in 2014 and based in New York, Clearpool delivers a fully customizable suite of algorithmic trading tools, offering total visibility and control from strategy to execution.
In 2018, the company signed its first license agreement with a Europe-based broker, Atlantic Equities LLP, in which AMS infrastructure was licensed to Atlantic Equities for its European institutional clients trading U.S. equities.
The same year, Clearpool signed a strategic multi-year algorithmic trading partnership with Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm.
Also in 2018, the firm launched Venue Analysis, a forensic tool for examining venue performance across the equities market. Brokers and asset managers use Venue Analysis to analyze performance and collaborate to optimize the priority of venues in their algorithms’ routing tables to improve trading performance. Subscribers can also validate their routing protocols and demonstrate best-ex.
