In the news

Clear Street receives approval from the National Futures Association as the firm prepares to release its new full service Futures Clearing Merchant business

As part of the collaboration, Clear Street will open a new office in West Palm Beach, which will be home to senior leaders of the company’s investment banking team

Robert Chiuch initially joined Clear Street to form a new securities finance initiative aimed at improving the securities finance experience for Clear Street’s institutional clients

Former Morgan Stanley technology leader Jonathan Daplyn will lead Clear Street’s 150 technologists while Hari Godbole oversees technology for securities finance and clearing

Christopher Smith joins Clear Street’s leadership with more than 30 years’ experience in the capital markets sector

Based in New York, McCarthy will report to Clear Street co-founder and CEO Chris Pento

Blaine Hurty will head the firm’s capital introduction function after his instrumental work in building the business as a “significant value-add” for Clear Street clients

This is the second investment that Prysm Capital has made in Clear Street’s Series B funding, following on from a US$165 million commitment in May 2022, taking the value of the New York-based prime broker to close to US$2 billion

Raj Karan Singh, former global head of securities finance at BCS Global Markets, joins Clear Street as senior managing director of securities finance

Thomas Bonville, former managing director of equity derivatives sales at Wells Fargo, joins Clear Street as managing director and head of derivatives sales

Fintech business Clear Street has made a series of institutional sales appointments in its New York and Chicago offices. Six senior sales traders have been welcomed to the company, along with two equity finance professionals

Colin Bridges, former director of prime brokerage sales at Cowen, has been appointed as managing director of prime services at Clear Street