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Clear Street
Ed Tilly runs Clear Street, a 2018-founded prime brokerage that raised $1.0 billion and processes $28.4 billion daily for 700 institutional clients.
Clear Street
Clear Street is a New York City-based company founded in 2018. It develops infrastructure for capital markets. The firm has secured $470 million in total funding.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
Chicago, IL · London, UK · Hong Kong
Principals
Ed Tilly
Chief Executive Officer
Jon Daplyn
Chief Operating Officer
Steve Bisgay
Chief Financial Officer
Sean Hendelman
Chief Executive Officer, Active & Pro Trading
Alex Lawton
Chief Executive Officer, Clear Street UK and Europe
Sector focus
Frequently asked questions
Is Clear Street a family office or a capital-markets infrastructure firm?
Clear Street is a technology-driven broker-dealer and prime brokerage platform, not a family office. It operates an SEC-registered clearing broker-dealer alongside execution, custody, and financing services built on a proprietary cloud-native stack. The firm's client base includes hedge funds, family offices, ETF issuers, and proprietary trading firms.
Who runs investment and product decisions at Clear Street?
CEO Ed Tilly oversees the business. The executive team includes COO Jon Daplyn, CFO Steve Bisgay, Chief Risk Officer Atul Pawar, and CCO Christy Moccia. Business lines are led by Andy Volz (Commercial), John DiBacco (Markets Trading), and Sean Hendelman (Active & Pro Trading), with separate CEOs for the UK/Europe and Asia-Pacific regions.
How does Clear Street source its deal flow or clients?
Clear Street does not invest proprietary capital in deals; it sells execution, clearing, and financing services. It reaches clients through a direct salesforce, a partnership with iConnections (December 2025), and the Clear Street Studio portfolio-management platform. Its acquisition of Fox River (October 2024) and the launch of an outsourced trading desk (May 2025) further widened its institutional funnel.
Does Clear Street participate in fund commitments, or only offer trading infrastructure?
Clear Street provides infrastructure — clearing, custody, margin financing, securities lending, and execution — and an investment-banking group, but it is not an asset allocator. It does not publicly disclose a fund-of-funds program or direct-investment activity on its own balance sheet for manager selection.
What asset classes does Clear Street's platform support?
The platform supports US equities, US options, fixed-income securities (added October 2023), futures (April 2024), and digital assets. The firm's February 2026 acquisition of Boom Securities and its FCA-approved UK entity (December 2024) extend its reach into European and Asian markets.
How is Clear Street financed, and where does its capital come from?
Clear Street has raised $1.0 billion in total capital across multiple rounds, including a $685 million Series B finalized in December 2023. The firm states these funds came from prominent investors, but it does not publicly name its institutional backers.
What is Clear Street Studio, and is it mandatory for execution clients?
Clear Street Studio is the firm's portfolio, trading, and risk-management system that aggregates real-time data, margin, P&L, and analytics. It is offered as a value-added interface for clients but the firm markets its execution and clearing services independently of the Studio product.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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