Why are Clients Switching to Clear Street?

I joined Clear Street as COO and Head of Prime Sales just under two months ago. As with any other new job, there’s been a flurry of activity since then — people to meet, products to learn, etc. What’s been different is the conversations that I’ve had with customers.

The biggest players in the prime brokerage industry have been pulling back on access for years. Now, with events like Archegos, meme stocks, and more, banks are having a hard time moving with the markets. Instead, they’re pulling back on prime even further.

Want to open a new account? Maybe next year. Want to trade SPACs? Good luck.

Clear Street stands in stark contrast with the broader industry. As the first credible entrant to the prime brokerage market in over a decade, Clear Street has quickly become a home for traders ranging from professionals to multi-billion dollar funds.

Keep reading on our blog:

www.clearstreet.io/insights/why-are-clients-switching-to-clear-street