Clear Street to Acquire Clearing Platform Provider React

New York-based independent prime broker Clear Street is set to expand into the futures market – subject to regulatory approval – with the acquisition of software developer, React Consulting Services. React’s proprietary, cloud-native futures clearing platform, BASIS, will be integrated into Clear Street’s existing platform – which currently encompasses cloud-native clearing, settlement, execution and custody. With this move, Clear Street’s offering will finance US equities, options, fixed income, and futures. According to a story in MarketsMedia news, the integration is set to be phased, beginning with connecting the platform to futures exchanges in early 2024. Last month, Clear Street announced that it was set to launch a new investment banking business named Strategic Advisory Services to offer strategic advisory, transaction and creative capital solutions to emerging growth companies.

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