Clearpool Unveils Iris in Aim to Improve Dark Pool Execution

Iris aims to combat more nimble high-frequency traders.

Joseph Wald, CEO, Clearpool Group

Joseph Wald, chief executive officer of Clearpool Group, tells WatersTechnology that when traders try to source liquidity and improve order-fill rates, the market right now is based almost entirely on speed, and smaller, more nimble high-frequency players are using speed as their advantage to get in front of other market participants. But by aggregating orders to elevate their prioritization in a venue's execution queue, a firm can level the playing field.

"What we've done with Iris is we've swi

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: