Sterling Trading Tech is adding to its Sterling Trader Elite buy-side platform, which offers algorithmic order entry, bringing on Clearpool Group’s Algorithmic Management System, according to Jim Nevotti, president of Sterling Trading Tech. Users of Clearpool’s system will be able to access Sterling algorithmic trading and order management tools.
“Clearpool is growing and getting visibility,” says Nevotti. “Their tools on the back end allow greater control over how orders are executed.”
To work through Clearpool, Sterling Trading Tech built a graphical user interface to the company’s specifications, according to Nevotti. Sterling is working on more such interfaces for other management systems, he adds.
By adding Clearpool, Sterling is filling a need for a “combination of new technology at a cost-competitive price,” says Nevotti. “Many have gone into maintenance mode. We’re very actively developing the platform. Client service is what we pride ourselves on.”
Sterling Trading Tech’s most recent addition was its acquisition of CBOE’s Livevol X trading execution platform, since re-named Serling VolTrader, the company’s third product alongside its Sterling Pro for futures traders and Sterling Trader Elite, which offers all Pro features plus algorithmic order entry. Collectively, Sterling Trading Tech platforms process 5% of daily US equity volume and operate in over 30 countries.
Subscribe to our newsletter
