Clear Street Expands into Fixed Income

Clear Street announced their goal of expanding their product by pioneering a technology-first experience for prime brokerage on their cloud-based platform, according to a story in MarketsMedia news. In 2019, the firm began servicing prime brokerage clients in U.S. equities and options on their proprietary clearing, settlement, and custody platform. Since then, they’ve added execution, securities lending, repo, margin financing, and more. Their mission is to build a modern infrastructure for capital markets, with the goal of creating one platform to serve all investor types across all asset classes globally. In keeping with that mission, the firm expanded their asset class capabilities to include fixed-income securities. This expansion is built on their single-source-of-truth prime brokerage platform, which uses cloud-native, event-driven, and horizontally scalable technology. Clear Street’s platform acts as a cohesive whole, consisting of hundreds of microservices that can seamlessly communicate via a library of APIs (application programming interfaces).