Algorithmic Trading Deep Dive: Transparency, Control and Best Execution | Joe Wald – BMO Capital Markets
In this episode of The Fintech Files, I am talking to Joe Wald, serial entrepreneur and intrapreneur. He is Managing Director at BMO Capital Markets, which he joined following the acquisition of Clearpool where he was CEO.
We are exploring the world of algorithmic trading for institutional investors.
IN THIS EPISODE
00:00 An introduction to Algorithmic Trading
02:54 Evolution of the market structure and fragmentation
05:05 Joe Wald’s background and career as a serial entrepreneur
06:44 What type of clients are using BMO Capital Markets electronic trading services and how
10:25 Lessons from Clearpool and BMO for synergies between banks and fintechs
13:30 What Best Execution really means
14:55 How BMO CM electronic trading could solve the (fictional) liquidity issues at Axe Capital from the Billions series
17:46 The technology – behind the scenes at Clearpool/BMO
20:55 Marketing: a collaborative approach with customers is key
23:30 Joe’s advice for Fintech founders
ABOUT BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider operating in 16 North American offices and 29 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services.
In April 2020 it completed the acquisition of Clearpool Group.
Clearpool was founded in 2014 and provides primarily US-based broker-dealers with trading technology and agency execution services, with its flagship algorithmic trading management system designed to help clients meet best execution requirements.
ABOUT THE FINTECH FILES PODCAST
The Fintech Files is a podcast dedicated to helping the Fintech industry navigate the threats and opportunities of the 2020s. Each episode features an interview with an executive or thought leader, discussing topics like marketing, growth, sales, culture, career and more. If you’re looking to overcome your growth challenges and discover new ideas to engage with your prospects and clients or learn best practices from B2B Fintech experts, this show is for you.
The Fintech Files is brought to you by Orama and hosted by George Aliferis https://linktr.ee/george_orama