About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BMO Acquisition of Clearpool Adds Holistic Trading Platform, Algo Management System and Broker-dealer

Subscribe to our newsletter

Clearpool, a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer, has entered a definitive agreement to be acquired by BMO Financial Group, parent of BMO Capital Markets. Clearpool expects the acquisition to accelerate development of its trading technology and provide infrastructure to become a global provider of a multi-asset electronic trading solution.

Founded in 2014, Clearpool has 60 employees and over 100 clients, primarily US broker dealers that use the company’s trading technology and execution services. Its Algorithmic Management System (AMS) provides a customisable suite of algorithmic trading tools designed to service the best execution needs of institutional clients.

As part of the acquisition, which is expected to close in the second quarter of 2020, Clearpool will remain an independent offering. BMO will support the company in developing new trading solutions for current and future clients, while Clearpool clients will maintain access to the technology and open architecture platform as the company continues to evolve its trading offering.

“BMO Capital Markets is accelerating its strategic priorities of delivering exceptional client experiences, driving an innovation mindset, activating a high performance culture and simplifying how we do business,” says said Dan Barclay, CEO at BMO Capital Markets.  “The acquisition of Clearpool is consistent with these priorities and gives us access to leading next-gen trading technology and a broker-dealer client base.” BMO will also take on the Clearpool team.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

FCA Rings the Bell for PISCES – A New Market for Private Company Shares

The Financial Conduct Authority (FCA) has launched the Private Intermittent Securities and Capital Exchange System (PISCES). Announced as an innovative sandbox initiative, PISCES represents a significant evolution in the structure and accessibility of private company shares, through periodic trading events under a tailored regulatory environment. Designed as a five-year pilot, the initiative seeks to test...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...