Clear Street, a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, announced the roll out of OCC Cross-Margin capabilities, allowing futures and options traders to “consolidate margin requirements and improve capital efficiency.”
OCC Cross-Margin capabilities were launched in “anticipation of increased client demand.”
Clear Street’s technology infrastructure allows for rapid product build and roll outs, going from conception to production in “a matter of weeks, always driven to empower clients with best-in-class products, tools and teams to navigate capital markets around the world.”
Jon Daplyn, COO of Clear Street, said:
“The launch of OCC Cross-Margin capabilities is a testament to the speed and agility of our technology stack. Our team worked around the clock to make it happen, delivering a professional grade product in just weeks, giving our customers the tools they need for their businesses.”
Clear Street’s expansion into OCC Cross-Margin reflects its commitment to providing “solutions that address real-world client challenges.”
The OCC Cross-Margin product helps clients “bridge their Futures and Equity Index Options trading activity, creating greater efficiency in risk management and capital deployment.”
Clients have begun leveraging the feature “to enhance their trading strategies.”
Traditionally, active market participants have relied solely “on large banks for cross-margin and complex, active trading strategies.”
Clear Street claims that it is changing that paradigm, having “launched the first full-service FCM with these sophisticated capabilities in over a decade.”
Chris Smith, CEO of Clear Street Futures, stated:
“Clear Street Futures clients are already leveraging our cross-margin capabilities, and the initial feedback has been overwhelmingly positive. We’re excited to offer this solution to eligible customers seeking to optimize their VIX Futures and E-Mini S&P Futures and Options portfolios.”
Smith added:
“This is just the beginning – our teams are focused on expanding our offerings and delivering best-in-class solutions that empower our clients to trade more efficiently and manage risk effectively.”
As noted in the update, Clear Street is modernizing 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 reportedly supports “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.”
