Clear Street announced the launch of futures clearing and execution services on US exchanges for global clients, including hedge funds, professional trading groups, and family offices.
After more than two decades of significant futures commission merchant (FCM) consolidation, Clear Street now offers emerging funds to large institutions everything they need to clear, custody, execute, and finance US equities and options; clear, custody, and finance fixed income securities; and clear futures. The news follows Clear Street’s launch of professional clearing services for registered market-makers in US equities and options, marking the first successful entry into the professional clearing market in close to a decade.
“Intensified competition, increased capital requirements, technological advancements, and evolving global trading dynamics have driven substantial FCM consolidation, leaving many institutional participants like hedge funds, corporates, and professional trading groups with limited clearing options,” said Chris Smith, CEO at Clear Street Futures, in a statement. “The current landscape underscores the critical need for a new player with technology that enables firms to navigate the market in real-time amid escalating volatility, regulatory shifts, and rapid changes.”
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.
Chris Pento, CEO and co-founder at Clear Street, said in a statement: “This launch marks a significant milestone in a multi-year project aimed at establishing a cohesive prime brokerage and futures offering. Clear Street is uniquely positioned to disrupt the market by delivering innovative technology that seamlessly integrates futures with our comprehensive suite of offerings on a unified platform.”