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Clear Street
Fintech
Clear Street is a New York-based financial technology company rebuilding core Wall Street prime brokerage and clearing infrastructure on modern, cloud-based technology.
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Clear Street was founded in 2018 by Chris Pento, Sservices and others with backgrounds in institutional trading and finance, based on the observation that much of the core infrastructure used for prime brokerage, clearing, and custody services on Wall Street, meaning the back-office and financing services that let hedge funds, broker-dealers, and other institutional trading firms actually execute and settle trades and access financing against their positions, still runs on decades-old legacy technology systems that are costly to maintain, difficult to integrate with modern software, and often provide institutional clients with limited real-time visibility into their own positions and financing costs. Clear Street built its clearing, custody, and prime brokerage technology from the ground up on modern cloud infrastructure rather than adapting legacy mainframe-era systems, arguing this lets it offer institutional clients faster onboarding, more transparent real-time reporting on positions, margin, and financing costs, and more flexible integration with clients' own trading and portfolio management systems through modern APIs, compared to the batch-processing, overnight-reporting norms common among legacy prime brokerage providers built decades earlier. The company obtained the regulatory licenses and clearing memberships needed to operate as a self-clearing broker-dealer, meaning it directly clears and settles trades rather than routing that function through a third-party clearing firm, giving it more direct control over the technology and client experience across the full trade lifecycle. Clear Street's customers include hedge funds, proprietary trading firms, and other institutional market participants seeking prime brokerage and clearing services with more modern technology and transparency than many legacy providers offer. The company has expanded its asset class coverage over time, including equities, options, and fixed income. Clear Street has raised very substantial venture funding from investors including Prysm Capital and Cohen Circle, reaching a valuation exceeding $2 billion, positioning itself as a modernization challenger to legacy prime brokerage infrastructure providers.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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