“Our innovative trading technologies provide transparency and control to market participants in today’s rapidly evolving market microstructure,” said Ray Ross, Chief Technology Officer, Clearpool Group. “We are delighted to join IPC’s financial ecosystem and expand the global base of broker-dealers that can access our services.”
Clearpool Group, a service provider of electronic trading software solutions and independent agency broker dealer execution services, is among the most recent firms joining IPC’s Financial Markets Network (FMN) as is MIAX Options Exchange, a fully automated electronic options exchange for the trading of OCC issued standardized options on equities and ETFs.
Options play a significant role in risk mitigation, particularly tail risk management, since they can potentially generate substantial returns in time of market duress. The recent volatility in the markets and increasing frequency of black swan events are stoking demand among institutional investors, asset managers, hedge funds and dealers for trading options on equities and ETFs. “IPC’s ability to provide efficient and reliable access to the MIAX Options markets enables its clients to take advantage of the unique functionality, protections and industry leading performance MIAX Options has brought to the equity derivatives marketplace,” said Douglas M. Schafer Jr., Chief Information Officer and Executive Vice President, MIAX Options.
For Clearpool, IPC’s community of financial market participants can now reliably and securely access not only Clearpool’s Algorithmic Management System but also Clearpool’s Execution Management System.