Clear Street receives approval from the National Futures Association as the firm prepares to release its new full service Futures Clearing Merchant business
The firm’s mission is to build modern infrastructure for capital markets, with the goal of creating one platform to serve all investor types across all asset classes globally
As part of the collaboration, Clear Street will open a new office in West Palm Beach, which will be home to senior leaders of the company’s investment banking team
Robert Chiuch initially joined Clear Street to form a new securities finance initiative aimed at improving the securities finance experience for Clear Street’s institutional clients
The New York-based firm has expanded its senior leadership team with Steve Bisgay as chief financial officer, Ursula Clay as chief compliance officer, and Brent Posner as chief operating officer
Former Morgan Stanley technology leader Jonathan Daplyn will lead Clear Street’s 150 technologists while Hari Godbole oversees technology for securities finance and clearing
The business aims to provide strategic advisory, transaction and capital solutions to emerging growth companies through a newly formed team including John D'Agostini, Nicholas Hemmerly, Ryan Gerety and Wes Heffernan
Blaine Hurty will head the firm’s capital introduction function after his instrumental work in building the business as a “significant value-add” for Clear Street clients
This is the second investment that Prysm Capital has made in Clear Street’s Series B funding, following on from a US$165 million commitment in May 2022, taking the value of the New York-based prime broker to close to US$2 billion