Clearpool Group has received an USD8 million investment from growth equity firm, Edison Partners. Clearpool is an, electronic trading software development and agency execution business, serving the institutional sell-side and professional trading firms.
“Our business has recorded a significant influx of new clients this year because we are providing tools in the cloud that enable them to gain control in their electronic and algorithmic trading infrastructure,” says Clearpool Group CEO, Joseph Wald. “This minority investment from Edison Partners validates our value proposition and capabilities. It will also act as an accelerant for faster development of technological solutions demanded by our customers, and enrich the sales and client service experience.”
Among its suite of offerings, Clearpool has seen rapid adoption of Autonomy, a private label electronic and algorithmic trading platform for the sell-side and their buy-side clients; and Iris, its proprietary order aggregation and queuing technology designed to enhance liquidity interaction and fill rates.
“Clearpool has a strong vision for how trading technology can empower its client base, and their executive team is widely regarded as known experts, each with a long track record of achievements,” says Edison Partners Managing Partner, Christopher Sugden (pictured). “This reputational asset has proven to be a significant contributor to the company’s success.”
The company also announced its new board of directors: Christopher Sugden; FolioDynamix Chairman and CEO, Joseph Mrak; Arxis Capital Executive Chairman Tom Joyce; Joseph Wald; Clearpool President Brian Schaeffer; and Clearpool Executive Vice President & CTO Raymond Ross.
Hicks says: “As a co-founder of Värde Partners, Marcia is a pioneer in the alternative investment management industry and an inspiration to women who work in – or are looking to enter – our field. We are all delighted she remains Executive Chair as we look towards a third decade of seeking investment opportunities and performance for our investors.”
