Piper Jaffray Inks AMS Deal with Clearpool
Clearpool Group, Inc., a provider of advanced electronic trading software and independent agency broker-dealer execution services, and Piper Jaffray Companies, a leading investment bank and asset management firm, are pleased to announce a strategic multi-year algorithmic trading partnership.
“We are excited to strengthen our partnership with Piper Jaffray to a license agreement,” said Joe Wald, CEO of Clearpool. “We are strong believers that once our partners seriously engage and experience the platform for themselves, that there is significant value that can be gained from committing to a license agreement. We look forward to continuing to work closely with the Piper Jaffray team to create a differentiated electronic trading solution that services the needs of their clients.”
The Clearpool AMS is a cloud-based algorithmic trading solution that powers the customization, execution, analysis, and optimization of algorithmic trading strategies. With total transparency and ultimate routing control, Clearpool’s partners possess the tools and insights to effectively collaborate and manage their own algorithmic trading technology at scale.
“As the market evolves, we remain committed to delivering a differentiated suite of solutions for our clients. Clearpool’s holistic trading system has brought a new level of transparency and control to order execution that our clients have found incredibly valuable,” said James Fehrenbach, COO of Global Equities at Piper Jaffray. “As we continue to adopt AMS’s analytics capabilities, we are confident that the license agreement will continue to empower us to demonstrate performance and strengthen our relationships.”
New MarketAxess COO says market development is at an early stage.
Tailoring equity-trading strategies to client specifications is a work in progress.
Cantor Fitzgerald cites execution quality, customization, and access to liquidity as trading differentiators.
Market 'electronification' sets the stage for auto-ex, MTS says.
Growing use in developing regions and other asset classes.