# Clear Street Group

Clear Street Group is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** clearstreet.io

## Regulatory record

- **Reports private funds:** No

## About

Clear Street is modernizing the brokerage ecosystem by replacing legacy infrastructure with a real-time, cloud-native platform. The firm provides clearing, financing, execution and trading, and investment banking services to sophisticated investors including hedge funds, family offices, and broker-dealers. It has raised $1.0 billion in capital, serves approximately 700 institutional clients, and processes around $28.4 billion in notional value per day.

## Sectors

- Capital Markets Infrastructure
- FinTech
- Clearing
- Execution & Trading
- Investment Banking

## People

- Ed Tilly — Chief Executive Officer
- Andy Volz — Chief Commercial Officer
- Jon Daplyn — Chief Operating Officer
- Steve Bisgay — Chief Financial Officer
- Atul Pawar — Chief Risk Officer
- Kenneth Sicklick — Chief Legal Officer
- Christy Moccia — Chief Compliance Officer
- Ashley DeSimone — Chief Marketing Officer
- Michael Stover — Chief People & Performance Officer
- John DiBacco — Head of Markets Trading
- Sean Hendelman — Chief Executive Officer, Active & Pro Trading
- John D'Agostini — Co-Head of Investment Banking
- Nicholas Hemmerly — Co-Head of Investment Banking
- Alex Lawton — Chief Executive Officer, Clear Street UK and Europe

## Questions

### Who runs Clear Street, and what relevant experience does leadership bring?

Ed Tilly, the former CEO of Cboe Global Markets, became Chief Executive Officer in 2025. The executive team includes Chief Operating Officer Jon Daplyn, a long-tenured trading-technology executive, and CFO Steve Bisgay. The combination of exchange leadership and hands-on infrastructure-building experience shapes the firm's ambition to replace legacy capital-markets plumbing directly, rather than iterating on it.

### How does Clear Street source its clearing and trading volume?

The firm services over 700 institutional clients including proprietary traders, hedge funds, family offices, broker-dealers, and ETF issuers. Volume comes from operating as a principal clearing broker-dealer on its own cloud-native infrastructure — clients connect directly to Clear Street's platform rather than through a legacy prime broker's stack. The firm also operates a dedicated Active & Pro Trading division and an outsourced trading desk launched in 2025.

### Is Clear Street an independent prime broker, or does it lean on legacy custody and clearing rails?

Clear Street operates its own clearing broker-dealer and built a multi-asset clearing, custody, and financing platform from scratch — it does not white-label or depend on another broker-dealer's infrastructure. The platform processes equities, options, fixed income, and futures natively. The firm has deliberately avoided the layered 'modern UI on top of COBOL' model that other technology-first entrants have adopted.

### Which asset classes and geographies does Clear Street cover?

The platform covers US equities (since 2019), US options (2021), fixed-income securities (October 2023), and futures clearing (April 2024), with cryptocurrency integration announced via a BitGo partnership in November 2025. Geographically, the firm is rooted in the United States, received FCA approval and opened in the UK in December 2024, and entered Asia-Pacific in February 2026 with the acquisition of Boom Securities.

### How is Clear Street capitalized?

The firm has raised $1.0 billion in total capital from private investors, anchored by a $685 million Series B round closed in December 2023 (per the firm). Investor identities are not publicly disclosed. The capital base supports balance-sheet-intensive activities including principal clearing, financing, and prime brokerage margin extension.

### How does Clear Street describe its technology advantage versus legacy prime brokers?

Clear Street's platform is built as a cloud-native, API-based, horizontally scalable system with no dependency on mainframe-era technology. The firm claims all asset classes sit on a single platform with real-time data and risk management, enabling cross-margining and consolidated reporting that is harder to replicate on legacy multi-vendor stacks. The October 2025 global platform sales launch centralized client access to the full suite.

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Last updated: 2026-07-10T21:48:53.000Z

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