Sellside firm Guggenheim Securities has chosen Clearpool to be its newest provider of electronic algorithmic trading strategies.
Guggenheim will now deploy the technology firm’s Autonomy algorithmic trading platform.
Autonomy does not require end user development, or a large investment in infrastructure by the client. Guggenheim is live on Autonomy and actively trading through it, with a roll-out to clients as a private label offering expected soon.
“We’ve partnered with Clearpool to provide our clients with an electronic trading solution that is broker neutral and conflict free,” said Matthew Johnson, head of equities at Guggenheim Securities. “Autonomy addresses the structural issues that are prevalent within the market today,”
According to Clearpool, Autonomy offers liquidity sourcing, schedule driven and dynamic/adaptive strategies, all of which may be private labeled, as well as agency executions across exchanges including dark and lit centers. Joseph Wald, chief executive at Clearpool said that Autonomy’s technology was designed to customize strategies easily per client needs.
“Autonomy gives the sell-side an ability to deliver value and service in meeting the discrete trading and execution needs of their clients,” Wald said. “Further control may be achieved by traders as they utilize Autonomy to select their own execution and order routing protocols, and provide a level of transparency their clients demand.”
Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. It is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Los Angeles, and San Francisco.
Founded in 2012 and based in New York, Clearpool Group is a trading software and execution firm. The firm’s two business areas encompass Clearpool Execution Services, an independent agency broker-dealer, and Clearpool Technologies, developer of electronic trading, routing, compliance and risk solutions.