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Clear Street has announced a connectivity partnership with Blue Ocean Technologies to expand its market services for after-hours trading.
Blue Ocean is a capital markets fintech leader in global trading and data that allows brokers to expand trading hours usually for overnight trading purposes.
After-hours execution through a continuous FIX session
This partnership allows Clear Street to expand to 24-hour, 6-day trading capabilities, which further enhances liquidity access and risk management for its global client base.
The company recently launched OCC Cross-Margin, which allows futures and options traders to consolidate margin requirements and improve capital efficiency.
Andy Volz, Chief Commercial Officer of Clear Street, commented, “We are rapidly expanding our platform with new products and services that give our clients greater flexibility and efficiency to navigate the global markets. The launch of 24/6 trading is a direct response to our clients’ needs, and our ability to roll it out quickly showcases the strength of our technology platform. This new product illustrates our commitment to delivering innovative, client-first solutions that provide seamless, uninterrupted market access around the world.”
By connecting directly to the Blue Ocean ATS platform, Clear Street offers after-hours execution through a continuous FIX session – with minimal downtime throughout the week, allowing for around-the-clock trading access.
Clear Street’s Rollout of OCC Cross-Margin
Earlier this week, Clear Street announced the rollout of OCC Cross-Margin capabilities, allowing traders to consolidate margin requirements and optimize capital efficiency. The company introduced the feature in response to growing client demand.
The expansion enables clients to integrate their futures and equity index options trading activity, improving risk management and capital deployment. Clients have already begun using the feature to enhance their trading strategies.
Clear Street has positioned itself as an alternative to traditional large banks by offering a full-service FCM with these capabilities. The company aims to expand its offerings further to support more traders with advanced risk management solutions.
Clear Street Expanded UK Team for FCA-Regulated Operation
Clear Street announced key leadership hires as part of its continued expansion in the UK. The company has appointed Tarquin Orchard as Global Head of Event-Driven Strategies, Matthew Cyzer as Head of Markets, Execution, Phillip Hylander as Managing Director, Execution, Stuart Holt as Managing Director, Client Distribution and Strategy, Equities, and Luke Holmes as Managing Director, Sales Trading.
The company noted that these senior hires reflect its commitment to strengthening its presence in the UK and Europe. The UK team has grown to more than 40 professionals, actively hiring across business areas including equities execution, equity finance, and product and systems engineering.
This announcement follows Clear Street’s recent UK launch and FCA approval, as well as its recently launched Category 1 membership with the London Metal Exchange (LME) in September 2024.
Clear Street UK was approved as a Category 1, Ring-dealing member by the London Metal Exchange (LME) to drive the company expansion outside of North America, throughout the UK and into broader markets, including across Europe. Clear Street aims to modernize the brokerage ecosystem with financial technology and services that empower market participants with real-time data and best-in-class products, tools and teams, to navigate capital markets around the world.
Complemented by white-glove service, Clear Street’s cloud-native, proprietary product suite delivers financing, derivatives, execution and more to power client success, adding efficiency to the market and enabling clients to minimize risk, redundancy and cost. Clear Street’s goal is to create a single platform for every asset class, in every country and in any currency.
This membership places Clear Street among a select group with direct access to the LME’s iconic trading floor, known as the Ring, as well as electronic trading via LMEselect and the inter-office market. The membership gives Clear Street access to global reference prices for the metals community and allows the Company to issue LME contracts, execute trades on behalf of institutional clients, and clear transactions seamlessly.
