TMCnet News
Clearpool Group and BMO Capital Markets Announce Strategic Technology PartnershipClearpool to provide BMO with a fully customizable Algorithmic Management System NEW YORK, April 10, 2018 /CNW/ -- Clearpool Group (Clearpool), a provider of advanced electronic trading software and independent agency broker-dealer execution services, announced a multi-year strategic partnership with BMO Capital Markets (BMO), the investment and corporate banking arm of BMO Financial Group (NYSE: BMO) (TSX: BMO). Clearpool will license its Algorithmic Management System (AMS) infrastructure to BMO to execute Canadian equities for their institutional clients. "We are very proud to embark upon this partnership ith BMO," said Joe Wald CEO of Clearpool. "Our award-winning AMS will empower BMO to deliver a suite of fully customizable algorithms, have control and transparency in their routing protocols, and provide them with comprehensive real-time performance and routing analytics. Expanding into Canada and Europe is part of our global commitment to develop electronic trading solutions that bring forth transparency to promote fair and equitable markets." As part of the strategic partnership BMO will have access to Clearpool's Smart Order Router, providing cross-border access to US and Canadian Equity Markets. In addition, current Clearpool clients will have the ability to trade Canadian equities via the AMS. "We are excited to work with Clearpool as the exclusive Canadian dealer to offer the AMS platform to clients trading Canadian equities," said Aine O'Flynn, Head of Global Equity Products at BMO Capital Markets. "It is an opportunity for us to leverage an electronic trading infrastructure that helps clients with the customization, execution, analysis and optimization of algorithmic strategies. Electronic trading is a key strategic priority for us and this partnership reinforces BMO's commitment to the space in Canada." About Clearpool About BMO Capital Markets View original content with multimedia:http://www.prnewswire.com/news-releases/clearpool-group-and-bmo-capital-markets-announce-strategic-technology-partnership-300626718.html SOURCE Clearpool |