Image Credits:<\/strong> Clear Street<\/p>\n<\/div>\n

Clear Street\u2019s executives declined to provide hard revenue figures but noted that <\/span>over the past year, the company has seen the number of institutional clients on its platform increase by 500%. Meanwhile, its daily transactional volume increased by more than 300%, and its financing balances increased by nearly 150%, they said. The company claims that its prime clearing platform processes 2.5% of the gross notional U.S. equities volume, which the executives say amounts to about $10 billion in daily notional trading value of U.S. equities.<\/span><\/p>\n

The company makes money by charging fees for transactions and the financing of public market securities.<\/span><\/p>\n

\u201cWe feel this structure is better aligned than other options in the current markets,\u201d Volz said.<\/span><\/p>\n

Presently, <\/span>the company has about 400 employees today, up from around 325 in April of 2022.<\/span><\/p>\n

In the last year, Clear Street launched capital introduction and repo businesses. It also made what it describes as \u201ckey hires in Europe and in the derivatives space.\u201d The company plans to use its new capital to expand into new markets and asset classes as well as to expand its product offering to support the clearing needs of market makers, which it views \u201cas a major growth area.\u201d\u00a0<\/span><\/p>\n

Matt Roberts, co-founder and partner at Prysm Capital, believes Clear Street is unique in terms of its \u201cdifferentiated user experience, real-time risk analytics and tools, and scalability\u201d of its platform.<\/span><\/p>\n