NEW YORK, July 12, 2018 /PRNewswire/ -- Clearpool
Group, Inc. (Clearpool), a provider of advanced electronic trading
software and independent agency broker-dealer execution services,
and Piper Jaffray Companies (NYSE: PJC), 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."
About Clearpool
Launched in 2014 and based in New
York, Clearpool Group, Inc. is an electronic trading software
provider and independent agency broker-dealer. With over 100
Algorithmic Management System (AMS) clients and executing
approximately 2% of the U.S. equity market volume, Clearpool's
advanced AMS empowers market participants to achieve better quality
executions in an evolving equity market microstructure and
competitive landscape.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is a leading investment bank
and asset management firm. Securities brokerage and investment
banking services are offered in the U.S. through Piper Jaffray
& Co., member SIPC and FINRA; in Europe through Piper Jaffray Ltd., authorized
and regulated by the U.K. Financial Conduct Authority; and in
Hong Kong through Piper Jaffray
Hong Kong Limited, authorized and regulated by the Securities and
Futures Commission. Asset management products and services are
offered through five separate investment advisory affiliates―U.S.
Securities and Exchange Commission (SEC) registered Advisory
Research, Inc., Piper Jaffray Investment Management LLC, PJC
Capital Partners LLC and Piper Jaffray & Co., and
Guernsey-based Parallel General Partners Limited, authorized and
regulated by the Guernsey Financial Services Commission.
© 2018 Piper Jaffray Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036
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SOURCE Clearpool