Joe Wald

Joe is CEO and a Founder of Clearpool Group. Joe is responsible for the execution of Clearpool’s vision and strategic direction.
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Recent Posts

What We Can Learn From the Tick Size Pilot: Clearpool's Year in Review

Jul 9, 2018 8:30:00 AM

In our initial observation of the Tick Size Pilot*, we found a shift in liquidity from off-exchange venues to exchanges in G3 and a shift from maker/taker to inverted exchanges across all test groups. However, we did not observe the same increase in impact costs that other studies found. We concluded that the pilot may be showing signs of improved liquidity capture for institutional investors and we committed to measure and report the results of the pilot in the future.

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When Algorithms Adapt to Microstructure without Bias - Good Things Can Happen

Jun 1, 2017 10:06:20 AM

We’ve released our insights on the Tick Size Pilot (TSP). We’ve analyzed our data to assess market structure changes as a result of the pilot, as well as the performance of our algorithmic strategies.

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Complacency is Not the Answer. Stay Vigilant.

Mar 23, 2017 4:30:00 PM

This week an article in the Wall Street Journal, “High-Frequency Traders Fall on Hard Times - Once- lucrative business is now fighting unfavorable market conditions, brutal competition and rising costs”, paints a picture where high frequency trading is no longer the business that it used to be due to less volatility in the market and access to speed for those willing to pay.

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