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BMO Financial Group To Acquire Clearpool - Quick Facts

BMO Financial Group (BMO,BMO.TO) has agreed to acquire Clearpool Group Inc., a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer. Clearpool has over 100 clients, primarily U.S. broker dealers. Its Algorithmic Management System provides a suite of algorithmic trading tools designed to service the best execution needs of institutional clients.

"The acquisition of Clearpool gives us access to leading next-gen trading technology and a broker-dealer client base," said Dan Barclay, CEO, BMO Capital Markets.

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