Clear Street also made several senior-level hires within its Institutional division, comprised of prime brokerage and professional clearing businesses. The New York-based diversified financial services firm further expanded its derivatives, algorithmic, and cap intro teams to support the 160+ new institutional clients Clear Street added to its prime brokerage platform over the past year.
Atul Pawar, Jon Daplyn, Cory Solomon, Charlie Dietz, Wim Shih, George Jamgochian, Ashley DeSimone, and Tom Klein, were key hires that will enhance the company’s prime brokerage division at a critical point in time.
Clear Street processes 2.5% of notional U.S. equities volume
The launch of futures clearing at Clear Street comes on the heels of the firm’s acquisition of React Consulting Services, LLC (“React”) and its proprietary futures clearing platform, BASIS, in July 2023.
BASIS was subsequently integrated into Clear Street’s existing cloud-native clearing, settlement, execution, and custody platform. Clear Street currently processes around 2.5% of the notional U.S. equities volume, equivalent to roughly $10 billion worth of activity through its platform.
In December 2023, Clear Street concluded a successful third tranche of Series B funding led by Prysm Capital which increased the firm’s valuation to $2.1 billion.
Clear Street is a member of the following futures exchanges, offering access to a range of products, including indexes, rates, and commodities: CME, ICE US, and NODAL. The Company is actively pursuing memberships with other major global futures exchanges.
