Clear Street Launches U.S. Equities, Options Clearing Services

Clear Street, a New York-based financial services firm, has launched clearing services for registered market makers in listed U.S. equities and options, its first presence in the professional clearing market in close to a decade.

The service is powered by Clear Street’s cloud-native prime brokerage platform. The company said its approach empowers U.S. options market makers to gain comprehensive insights into the most effective strategies tailored to their needs, including global expansion and diversification into new asset classes and products.

“Our ambition is to become a multi-asset provider of clearing and financing services to a global, institutional client base. The market is ready for a new provider focused on building technology that can scale across asset classes, client types and geographies,” said Clear Street CEO and co-founder Chris Pento.

Clear Street is a member of 29 U.S. listed equity and options exchanges and was recently approved by the Options Clearing Corporation (OCC) to provide clearing services to registered options market makers.

The announcement follows a successful third tranche of the Company’s Series B funding in December 2023. Led by Prsym Captial, the raise increased Clear Street’s Series B to $685 million and the firm’s valuation to $2.1 billion.