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This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
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Submission declined on 18 November 2025 by TheObsidianGriffon (talk). This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by TheObsidianGriffon 6 months ago.
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Comment: There seems to be a respectable number of sources, but almost all of them are reports on routine activities, and most of the sources are press releases (some of them slightly rewritten but still essentially PRs). bonadea contributions talk 17:49, 22 April 2026 (UTC)
Company type | Private |
|---|---|
| Industry | financial infrastructure technology |
| Founded | 2018 |
| Headquarters | New York City, United States |
Key people | Ed Tilly (CEO)[1] |
| Website | www |
Clear Street is an American financial infrastructure technology company.[2][3] Founded in 2018, it is based in New York City. Its services include trading, securities financing and lending, clearing, investment banking, and custody.[4]
Clear Street was valued at $2 billion in 2023, and $12 billion in 2026.[3][5] It was named one of the World's Top Fintech Companies by CNBC in 2025.[6] Since 2021, it is headquartered at 4 World Trade Center in New York City.[7]
History
editClear Street was founded in 2018 as a clearing broker.[8] Its co-founders were Uriel Cohen, Chris Pento, and Sachin Kumar.[1] Clear Street received Series B venture capital financing of $165 million in its first round in 2022 and $270 in the second in 2023.[9][10] In 2022, the company launched a transaction processing system.[11] Between 2021 and 2023, the company hired nearly 200 staff.[2]
A 2023 profile in American Banker described its development of a "cloud-native clearing and custody" platform, which allowed real-time data access for hedge fund clients.[2] At the time it cleared around 3% of the total US equity market.[2] In October 2023, Fortune reported that "over the past year, the number of institutional clients on the platform increased by 500%, daily transactional volume increased by more than 300%, and financing balances increased by nearly 150%".[3]
Clear Street's British branch, Clear Street UK, opened in 2024 and became one of eight companies in the London Metal Exchange's open outcry area.[12] Some of the staff from the British office were cut in July 2025,[8] but the company announced plans to expand its UK services to include prime brokerage and outsourced trading.[12]
Clear Street launched an outsourced trading service in May 2025, hiring staff from UBS Group AG, which was at the time decommissioning its similar service.[13] The Financial News reported in July that it was planning to expand into the European Union market via the Netherlands.[12]
In January 2026, Clear Street filed its initial public offering at a valuation of $12 billion, with a revenue of $783.7 million and net income of $157.2 million.[1][14] Clear Street postponed its initial public offering in February 2026.[15]
In May 2026, Clear Street partnered with prediction markets exchange Kalshi.[16]
References
edit- 1 2 3 Basil, Arasu Kannagi; Biswas, Pritam (January 20, 2026). "Clear Street reveals revenue surge in US IPO filing as new listings gain momentum". Reuters.
- 1 2 3 4 Leffert, Catherine (March 3, 2023). "Clear Street woos hedge funds with real-time data on securities trades". American Banker.
- 1 2 3 Estrada, Sheryl (October 4, 2023). "Exclusive: $2 billion fintech Clear Street names Steve Bisgay CFO". Fortune.
- ↑ Doherty, Katherine (July 8, 2024). "Cboe's past CEO Tilly joins $2 billion fintech Clear Street". Bloomberg.com.
- ↑ Goyder, Bernard; Lipschultz, Bailey (2026-01-16). "Clear Street Said to Close Pre-IPO Round at $12 Billion Value". Bloomberg.com. Retrieved 2026-05-07.
- ↑ Browne, Ryan (July 16, 2025). "The World's Top Fintech Companies: 2025". CNBC.
- ↑ Nazar, Julian (July 21, 2025). "Clear Street doubles headquarters at 4 World Trade Center with 10-year lease expansion". New York Business Journal.
- 1 2 Shaw, William (July 21, 2025). "Clear Street cuts jobs in UK less than a year after launch". Bloomberg.com.
- ↑ Law, Ross Henry (April 14, 2023). "Clear Street Series B funding hits $435m". FStech.
- ↑ Barreto, Susan (May 24, 2022). "Cloud-based prime broker Clear Street cements unicorn status". Alternatives Watch.
- ↑ "Outlook 2023: Andy Volz, Clear Street". Traders Magazine. December 23, 2022.
- 1 2 3 Mucklejohn, Lars (July 17, 2025). "US broker Clear Street targets business wins with UK asset managers and hedge funds". Financial News.
- ↑ Doherty, Katherine (May 21, 2025). "Clear Street starts outsourced-trading unit with UBS executives". Bloomberg.com.
- ↑ Goyder, Bernard; Lipschultz, Bailey (January 16, 2026). "Clear Street Said to Close Pre-IPO Round at $12 Billion Value". Bloomberg.
- ↑ "Broker Clear Street Postpones US IPO Citing Market Conditions". Bloomberg.com. February 12, 2026.
- ↑ Goyder, Bernard; Nicolle, Emily (2026-05-01). "Clear Street Signs Up to Kalshi in Prediction Markets Push". Bloomberg.com. Retrieved 2026-05-07.
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