What we’ve accomplished so far
Our platform is only three years old, yet we're already competing with some of the largest players in the market.
Prime brokerage build begins
- Enters the prime brokerage market
- Chris Pento and Sachin Kumar join Clear Street as co-founders
- Receives regulatory approvals needed to operate a clearing broker dealer
Opens brokerage & launches platform
- Christy Moccia joins the team as CCO
- Begins serving prime brokerage clients by invitation-only
- Offers institutional-quality trading & execution, securities lending, and margin financing
- Starts processing trades of U.S. equities using its clearing and custody platform
Expands our brokerage business
- Finalizes the acquisition of a broker serving sophisticated traders to seed platform growth
- Nilimp Bhatt joins the team as CRO
- Delivers 500+ product updates including support for U.S. options
- Receives regulatory approval to offer portfolio margin financing to clients
- Doubles the size of the Clear Street team
Grows brokerage business
- Handles over $3 billion in trades on an average trading day
- Adds another 120+ employees to support rapid client growth and product development, including new COO, Andy Volz
- Grows client equity on platform by ~250% yoy to total more than $1.5 billion
Expanding the Clear Street platform
- Formally launches fixed income repo business with buildout of senior team
- Expands prime brokerage sales team, including new Head of Distribution, Pat Travers
- Expands financing capabilities into fully paid lending
- Raises $165mm in Series B funding round, brings valuation to $1.7 billion
