Clear Street to Pick Up Fox River Algo Trading Business

Clear Street has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business in a bid to enhance its equity trading capabilities for the buy- and sell-side. According to a story in The Trade news, the transaction is expected to close in Q3 2024. Fox River encompasses a comprehensive algorithmic execution solution for US and Canadian equities. Following completion, Fox River is set to be integrated into Clear Street’s existing business.