BMO Financial Group announced April 6 that it has completed the acquisition of Clearpool Group, Inc., a New York-based provider of electronic trading solutions and an independent agency broker-dealer operating in the U.S. and Canada.
BMO announced the acquisition in January. In a statement, the bank said the acquisition “delivers powerful new capabilities to BMO's electronic trading platform. As the nature of equity trading shifts to increased emphasis on electronic trading, the acquisition of Clearpool demonstrates BMO's commitment to delivering leading edge trading technology to its global client base.”
Clearpool continues to be a separate broker-dealer with information barriers to secure clients' confidential information, says BMO.
