Clear Street
- Company typePrivate
- Founded2018
- HeadquartersNew York, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Clear Street does
Clear Street is a cloud-native financial technology company founded in 2018 that provides a unified, end-to-end capital markets infrastructure platform to institutional investors, family offices, broker-dealers, ETF issuers, proprietary trading groups, and sophisticated individual traders. The company's core differentiator is a single, real-time ledger architecture — built from scratch using modern microservices rather than layered on legacy 1970s COBOL systems — that consolidates execution, clearing, custody, settlement, financing, and risk management across equities, options, futures, fixed income, digital assets, and prediction markets on one proprietary technology stack. Supporting products include Clear Street Studio (portfolio, risk, and P&L management), Clear Street Algos (Fox Alpha, Fox Blaster, Fox Dark Attack acquired from Instinet), a real-time API-first infrastructure with REST/WebSocket SDKs and Model Context Protocol integration, and the in-house Omni AI research engine.
Clear Street generates revenue through a hybrid model spanning transaction-based commissions on execution (equities, options, futures, fixed income, digital assets), recurring fees from prime brokerage, clearing, custody, securities lending, and margin financing services, and transaction-based advisory fees from its investment banking franchise (92 transactions valued at $99 billion in 2025). The firm operates approximately 700 institutional client relationships supporting roughly $16 billion in customer balances, processes ~550 million shares and ~$28.4 billion in notional volume daily, and holds 57 exchange and clearing memberships globally. Distribution is primarily through direct enterprise sales with white-glove onboarding, complemented by a self-serve active trading app launched in 2026 and channel partnerships (notably Kalshi for prediction markets and BitGo for digital-asset custody).
The company has scaled to over 800 employees across offices in North America, Europe, the Middle East, and Asia-Pacific, following expansion moves including the Boom Securities acquisition for Asia-Pacific entry, Fox River for algorithmic trading, and REACT for futures clearing. Clear Street raised approximately $685 million in disclosed equity funding led by Prysm Capital at a $2.0 billion valuation (April 2023) plus a $400 million senior notes private placement (June 2026), and surpassed the $1 billion revenue threshold under former CEO Ed Tilly before founder Uri Cohen returned as CEO in June 2026 alongside workforce reductions and abandonment of 2026 IPO plans.
Clear Street firmographics
Firmographics- Name
- Clear Street
- Legal name
- Clear Street LLC
- Website
- https://clearstreet.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Clear Street industry classification
Industry- Product category
- Prime Brokerage & Capital Markets Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Exchanges (523210)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Prime Brokerage & Institutional Trading Services (FSAPADAF)
- akta.pro secondary industries
- Prime Brokerage Clearing (Clearing for Broker-Dealers) (FSABAJAF), Prime Brokerage (Multi-Asset Crypto) (FSADAJAA), Clearing & Settlement for Equities (Prime Broker Clearing Services) (FSACAFAL), Commodity Clearing & Settlement Services (Commodity CCPs & Clearing Members) (FSAFAMAI)
Keywords
Where Clear Street is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices19 records
Markets served
Clear Street business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Prime Brokerage Services: Clearing, custody, and financing services for institutional clients including hedge funds, family offices, and broker-dealers. Real-time margin, portfolio financing, and securities lending integrated on single platform.
- Execution & Trading: Electronic trading, DMA/SOR, algorithmic trading, and high-touch block trading services. Commissions on equity, options, futures, and fixed income trades. ECN rebates and venue fees.
- Investment Banking: Equity capital markets, debt capital markets, M&A advisory, corporate access, and digital asset treasury strategies. Transaction-based fees on deals. 92 transactions in 2025 valued at $99B.
- Active Trading Platform: Trading platform for sophisticated individual traders with competitive commission rates, market data bundles, and locate discount programs.
- Financing & Securities Lending: Margin lending, stock loan, repo, and term financing services. A6 financing and portfolio margin for capital efficiency.
- Digital Asset Trading: Institutional OTC spot trading in Bitcoin, Ethereum, Solana, and other cryptocurrencies through Clear Street Digital LLC. Financing and derivatives planned.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | Active Trading - Customizable Plans |
| Transaction based/ take rate | Pay-as-you-go | Investment Banking Services |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels8 records
Clear Street product offering
Product offeringCore offering
Clear Street operates a cloud-native financial infrastructure platform that unifies execution, clearing, custody, settlement, financing, and risk management across asset classes on a single real-time ledger. It serves institutional clients including hedge funds, family offices, broker-dealers, ETF issuers, and sophisticated individual traders with prime brokerage, algorithmic trading, investment banking, and digital asset services.
Product overview
Clear Street is a cloud-native financial infrastructure technology firm offering a unified, end-to-end capital markets platform. The platform integrates execution, clearing, custody, financing, and leverage through a proprietary single ledger system, providing speed, transparency, and scale. Core offerings include Clear Street Studio (portfolio management system), Clear Street Algos (proprietary algorithmic trading including Fox Alpha, Fox Blaster, Fox Dark Attack), Clearing Services (~99.997% STP rate), Financing Services (real-time portfolio margining), Execution & Trading (50+ venues, 24x6 desk), Investment Banking, Active Trading (AI-powered app), Digital Asset Services (spot trading, BTC DRs via BitGo custody), and Prediction Markets (Kalshi integration). Serves 700+ institutional clients across hedge funds, family offices, ETF issuers, broker-dealers, and sophisticated individual traders. Processes ~550mm shares/day with ~$28.4bn notional/day across 57 exchange memberships globally.
Differentiator
Problem solved
Functional benefit
Brands
- Clear Street Studio: All-in-one portfolio management system with trading, risk management, execution management, and financing portal for front-to-back office asset management.
- Clear Street Digital LLC
- Fox River
- ATLAS
- Omni AI
- MOON ATS
- CenterPoint Securities (acquired brand)
Products and services
- Clear Street Studio All-in-one portfolio management system designed for growth. Studio provides revolutionary portfolio, trading, and risk management to drive alpha and power decision-making, with features including Risk and Margin, Exposures, P&L, and Analytic Reports. Available as web-based or desktop application with API-first architecture for sophisticated individuals, hedge funds, proprietary traders, broker-dealers, ETF issuers, family offices, corporate issuers, traditional and alternative asset managers.
- Clearing Services Multi-asset clearing built for real-time transparency, flexibility, and scale. Clears equities, options, futures, and fixed income across all major venues with ~99.997% STP rate, real-time risk and margin alignment, and rapid product integration. Serves broker-dealers, hedge funds, and asset managers needing flexible clearing for agency, omnibus, and fully disclosed operations.
- Financing Services Integrated cash and synthetic financing solutions providing flexibility to grow efficiently. Includes real-time portfolio margining, continuous risk calculation, and flexible funding access through repo, stock loan, and term financing. A6 financing and portfolio margin available for capital efficiency across hedge funds, family offices, broker-dealers, and prop trading groups.
- Execution & Trading Full suite of execution services combining high-tech tools with expert trading desk support. Includes cloud-native platform, 24x6 coverage, advanced algorithms, and tailored execution across high-touch, low-touch, or hybrid models. Supports equities, options, futures, fixed income, and digital assets trading with direct market access and smart order routing.
- Investment Banking Advisory and capital markets expertise for innovators shaping tomorrow's economy. Services include Equity Capital Markets, Debt Capital Markets, M&A Advisory, Corporate Access, and Digital Asset Treasury Strategies. 36 investment banking professionals advising across corporate lifecycle from early stage to IPO and beyond. 92 transactions in 2025 valued at $99 billion.
- Active Trading Trading platform for sophisticated individual investors launched in May 2026 featuring the proprietary Omni AI research engine built in-house. Available on iOS, Android, and web with access to institutional infrastructure previously reserved for hedge funds and asset managers. Helps users research ideas, model position size, and review exposure before trading.
- Digital Asset Services Institutional-grade digital asset spot trading including Bitcoin, Ethereum, Solana, and stablecoins through Clear Street Digital LLC. Services include custody partnership with BitGo as exclusive custodian and Bitcoin Depositary Receipt (BTC DR) capabilities enabling institutional Bitcoin exposure through traditional finance infrastructure.
- Clear Street Algos Proprietary algorithmic trading strategies including Fox Alpha for volume participation, Fox Blaster for aggressive arrival price execution, and Fox Dark Attack for accessing hidden liquidity. Algorithms scan 50+ lit and dark venues to optimize price and liquidity using predictive volume and alpha signals to outperform traditional VWAP/TWAP benchmarks.
- Prediction Markets 24/7 institutional access to Kalshi's prediction market exchange via Clear Street's partnership as first institutional Futures Commission Merchant member. Services include clearing, settlement, block trading, and swap solutions for ETF issuers structuring products around prediction markets. Clear Street Swap Desk supports prediction market ETF structuring.
- Outsourced Trading Flexible outsourced trading desk providing experienced buy-side traders, widespread broker connectivity, and Clear Street technology infrastructure. Supports supplemental capacity to fully outsourced desk models for asset managers and institutional clients.
- Capital Introduction Capital introduction services connecting hedge funds with institutional investors and allocators through Clear Street's integrated corporate access ecosystem. Targeted at emerging managers through multi-manager organizations.
Quantifiable outcome
- ~99.997% STP rate for clearing operations
- +5 more outcomes
Companies that use Clear Street
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles5 records
Clear Street technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature7 records
Clear Street partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Receipts Depositary Corporation (RDC)coreFirst depositary with ability to issue depositary receipts on digital assets. RDC issued BTC DRs traded through Clear Street's prime brokerage platform and settled through DTC. Enables institutional Bitcoin exposure through traditional finance infrastructure.
- UTXO ManagementcoreBitcoin-native investment firm that initiated creation of BTC DRs held in Clear Street prime brokerage account. First execution of BTC DRs through traditional prime brokerage platform.
- GTScoreLeading global electronic market maker participating as counterparty in BTC DR trade execution. Strategic priority to support innovative digital asset structures at intersection of capital markets and blockchain.
- Anchorage Digital Bank N.A.coreFirst federally chartered crypto bank serving as custodian for Bitcoin underlying BTC DRs. Holds Bitcoin in segregated, regulated custody for BTC DR structure.
- KalshicoreClear Street became the first institutional Futures Commission Merchant (FCM) member of Kalshi's exchange and clearing house. Partnership enables institutional access to prediction markets including clearing, settlement, block trading, swap solutions for ETFs, and infrastructure to scale liquidity. Clear Street Swap Desk supports prediction market ETF structuring.
- David Martin (Clear Street Digital)coreFormer FalconX executive hired as Chief Revenue Officer of Clear Street Digital. Brings 19+ years of experience across investment management, fintech, trading, and cryptocurrency markets including CEO of AsiaNext and roles at FalconX.
- Boom SecuritiescoreAcquisition of Boom Securities for Asia-Pacific expansion announced February 2026. Strategic acquisition to expand presence into Asia-Pacific region.
- iConnectionsminorGroundbreaking premium partnership for client growth announced December 2025. Partnership designed to enhance client connections and network value.
- BitGocoreBitGo serves as Clear Street's exclusive custodian for digital assets. Integration enables API-driven digital asset trading, custody, and wallets for multi-asset trading platform. BitGo partnership announced November 2025.
Scale indicators23 records
Recent moves11 records
Expansion highlights6 records
Clear Street competitors and assessment
Company assessmentBroad incumbents
- Tradeweb Markets: Tradeweb is a leading electronic trading platform operator across rates, credit, equities, and money markets. Comparable to Clear Street's execution and trading services as a multi-asset electronic trading venue, though more focused on institutional fixed income than prime brokerage.
- Coinbase Institutional: Coinbase is a leading crypto exchange and institutional services provider with Coinbase Prime offering custody and trading for institutions. Comparable to Clear Street Digital as an institutional crypto infrastructure peer, though broader in retail and consumer offerings.
- Interactive Brokers: Interactive Brokers is a large multi-asset broker serving institutional and sophisticated retail clients with electronic trading, clearing, and prime brokerage. Comparable to Clear Street's active trading and institutional execution offerings, with broader retail reach and longer operating history.
- Goldman Sachs Prime Brokerage: Goldman Sachs operates one of the largest global prime brokerage franchises serving hedge funds and asset managers. Comparable to Clear Street as a prime brokerage incumbent that Clear Street explicitly targets to displace for mid-market and emerging manager clients with modern cloud-native infrastructure.
- Apex Fintech Solutions: Apex Fintech Solutions is a major US clearing and custody provider serving fintech broker-dealers, RIAs, and trading platforms. Comparable to Clear Street's clearing and custody infrastructure services, particularly in serving digital-native trading platforms and broker-dealers.
Emerging players
- Robinhood Markets: Robinhood is a retail-focused trading platform that has expanded into institutional services and crypto trading. Comparable to Clear Street's May 2026 launch of the active trader platform with Omni AI, as a competing retail-trading platform built on modern technology versus legacy brokers.
- Galaxy Digital: Galaxy Digital is an institutional crypto financial services firm offering trading, asset management, and prime brokerage for digital assets. Comparable to Clear Street Digital as an institutional crypto prime broker and execution provider; emerging player with similar focus on regulated institutional access.
Direct peers
- Marex Group: Marex is a diversified financial services platform providing prime brokerage, clearing, and execution services across commodities, equities, and fixed income. Comparable to Clear Street as a specialist prime broker competing against bulge-bracket incumbents for mid-market institutional clients, with similar growth-via-acquisition strategy.
- StoneX Group: StoneX is a global institutional brokerage, clearing, and prime services firm providing execution, clearing, custody, and financing across multiple asset classes. It directly competes with Clear Street in serving mid-market hedge funds, broker-dealers, and asset managers with multi-asset clearing and prime brokerage solutions.
- FalconX: FalconX is an institutional digital asset prime brokerage offering trading, credit, and custody for cryptocurrencies. Directly comparable to Clear Street Digital, FalconX is Clear Street's primary competitive reference in the institutional crypto prime brokerage space; David Martin joined Clear Street Digital from FalconX.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Clear Street social profiles
Digital presenceClear Street compliance and trust
Trust signalCompliance6 records
Clear Street financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clear Street leadership team
Management profileNumber of profiles
Profiles20 records
Clear Street subsidiaries and ownership
Company hierarchySubsidiaries8 records
Clear Street funding detail
Funding detailFunding overview
Funding rounds9 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clear Street M&A and investment
M&A and investmentM&A4 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clear Street
What does Clear Street do?
Clear Street operates a cloud-native financial infrastructure platform that unifies execution, clearing, custody, settlement, financing, and risk management across asset classes on a single real-time ledger. It serves institutional clients including hedge funds, family offices, broker-dealers, ETF issuers, and sophisticated individual traders with prime brokerage, algorithmic trading, investment banking, and digital asset services.
Is Clear Street a public or private company?
Clear Street is a private company. It is classified as venture growth investor backed and is currently operating.
When was Clear Street founded?
Clear Street was founded in 2018. It employs 501 to 1,000 people.
Where is Clear Street based?
Clear Street is headquartered in New York, United States, in the North America region.
How does Clear Street make money?
Six revenue lines are on record. Prime Brokerage Services are the primary driver. The others are execution & Trading, investment Banking, active Trading Platform, financing & Securities Lending and digital Asset Trading.
Who are Clear Street's main competitors?
Broad incumbents on record are Tradeweb Markets, Coinbase Institutional, Interactive Brokers, Goldman Sachs Prime Brokerage and Apex Fintech Solutions. Emerging players are Robinhood Markets and Galaxy Digital. Direct peers are Marex Group, StoneX Group and FalconX.
Does Clear Street have an API?
Yes. Clear Street offers a comprehensive API ecosystem enabling programmatic access to its trading, risk, and data infrastructure. The API supports algorithmic order types including TWAP, VWAP, and DMA, with pre-trade risk controls built in. The platform is API-first, with workflows available through real-time APIs using modern RESTful and WebSocket ergonomics. Multi-language SDKs are available for developer access. Developer documentation is at docs.clearstreet.io/studio/docs/getting-started.
What industry is Clear Street in?
Clear Street's product category is Prime Brokerage & Capital Markets Infrastructure. Its primary akta.pro industry code is FSAPADAF, Prime Brokerage & Institutional Trading Services, with a secondary code of FSABAJAF, Prime Brokerage Clearing (Clearing for Broker-Dealers). Its NAICS code is 52232 and its SIC code is 6211.