Clear Street expands asset class capabilities to fixed income
15 December 2023 US
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New York-headquartered prime broker Clear Street has expanded its asset class capabilities to include fixed-income securities.
The move is in keeping with the firm’s mission to build modern infrastructure for capital markets, with the goal of creating one platform to serve all investor types across all asset classes globally.
The platform is now serving fixed-income clients and multi-strategy investment managers who trade corporate bonds, convertibles and treasuries.
According to Clear Street, the expansion was possible because of its single-source-of-truth prime brokerage platform which uses cloud-native and scalable technology.
The platform consists of hundreds of microservices that communicate via a library of application programming interfaces (APIs).
Launching support for fixed-income securities within the space of six months required coordination across various business and technology teams, the firm says.
Nearly every engineering group — reference data, clearing and settlement, custody, risk and securities finance — needed to add new capabilities while working in parallel.
The move is in keeping with the firm’s mission to build modern infrastructure for capital markets, with the goal of creating one platform to serve all investor types across all asset classes globally.
The platform is now serving fixed-income clients and multi-strategy investment managers who trade corporate bonds, convertibles and treasuries.
According to Clear Street, the expansion was possible because of its single-source-of-truth prime brokerage platform which uses cloud-native and scalable technology.
The platform consists of hundreds of microservices that communicate via a library of application programming interfaces (APIs).
Launching support for fixed-income securities within the space of six months required coordination across various business and technology teams, the firm says.
Nearly every engineering group — reference data, clearing and settlement, custody, risk and securities finance — needed to add new capabilities while working in parallel.
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