Clearpool Group, Inc.(Clearpool), a provider of advanced electronic trading software and independent agency broker-dealer execution services, andPiper 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, saidJoe 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, Clearpools 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. Clearpools holistic trading system has brought a new level of transparency and control to order execution that our clients have found incredibly valuable, saidJames Fehrenbach, COO of Global Equitiesat Piper Jaffray. As we continue to adopt AMSs analytics capabilities, we are confident that the license agreement will continue to empower us to demonstrate performance and strengthen our relationships.
