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

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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