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

Upcoming Webinar: Re-architecting the trading platform for interoperability, resilience and profitability

Date: 15 November 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Trading platforms have come a long way since the days of exchanging paper certificates and shouting across trading floors, pits and desks in the early 2000s, but there is progress still to be made as firms strive to reduce...

BLOG

Intercontinental Exchange and KX Collaborate to Enhance Real-Time Analytics for Financial Firms

Intercontinental Exchange, Inc. (ICE), the global provider of data, technology, and market infrastructure, has joined forces with KX, creator of the Data Timehouse and KDB.AI vector database, in order to utilise KX’s platform to offer real-time analytics on data from ICE’s Consolidated Feed and Consolidated History. The collaboration comes in response to the growing challenges...

EVENT

Buy AND Build: The Future of Capital Markets Technology, London

Buy AND Build: The Future of Capital Markets Technology London on September 21st at Marriott Hotel Canary Wharf London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...