Building a Platform for Risk Management
Clear Street is a fintech prime broker working to solve one of the industry’s most neglected problems: legacy technology. We’re building a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets — improving speed, access, and service for our clients. As a participant in the global capital markets, Clear Street is subject to many forces that impact risk on a daily basis.
Clear Street must navigate a fluid regulatory environment, maintain sound capital management practices, and communicate clearly with its clients. To tackle these challenges efficiently and effectively, we have been building a risk platform that is capable of consolidating data from multiple sources, calculating risk metrics in a timely manner, and quickly disseminating that information to multiple consumers.
Traditional risk technology solutions have focused primarily on batch-driven processes that perform calculations once the trading day has been completed. These types of solutions are not surprising given the increased regulatory demands placed on capital markets participants since 2008. Stress tests, resolution planning, SREP, IFRS9, ICAAP, Basel III, MIFID II — the list of such compliance and regulatory requirements is large and still growing. Given these pressures, many solutions in risk technology tend to be bespoke collections of services that don’t share data or processes, and are often run by separate teams.
Keep reading on our blog:
https://www.clearstreet.io/insights/building-a-platform-for-risk-management
Clear Street does not provide investment, legal, regulatory, tax, or compliance advice. Consult professionals in these fields to address your specific circumstances. These materials are: (i) solely an overview of Clear Street’s products and services; (ii) provided for informational purposes only; and (iii) subject to change without notice or obligation to replace any information contained therein.
Products and services offered by Clear Street LLC, member FINRA and SIPC. Additional information about Clear Street is available on FINRA BrokerCheck (https://brokercheck.finra.org/firm/summary/288933), including its Customer Relationship Summary.
Copyright © 2023 Clear Street LLC. All rights reserved. CLEAR STREET and the Shield Logo are Registered Trademarks of Clear Street LLC
