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Clearpool Releases Iris Technology to Meet Needs of Evolving Equities Market

Clearpool Execution Services will use Iris technology to improve the way institutional orders are handled and prioritized in different execution venues.

Joe Wald, CEO of Clearpool Group
Joe Wald, CEO of Clearpool Group

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The Insider
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The Insider,
User Rank: Author
1/8/2015 | 6:25:55 PM
Iris Technology
In principle, algorithms are designed to exploit a market's known rules and calculated characteristics which are collectively established by the unilateral behavior of market participants. Iris is just another algorithm with rules written to optimize specific objective functions. The use cases of the algorithm reflect lessons learned by the founders while dealing with clients during previous lives. In this business, an epsilon of competitive advantage lasts around 3-6 months if not less. 
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