The leading knowledge platform for the financial technology industry
The leading 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

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.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 1 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

Exegy and Vela Merge to Create Market Data and Execution Technology Powerhouse

Exegy, a provider of hardware accelerated solutions for market data and predictive analytics, and Vela, a market data and execution technology provider, have announced the merger of their business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $7.5 billion of capital commitments under management. Commercial terms of the...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...