Compliance
Compliance Corner: Clear Street, Netherlands
The latest compliance news: regulatory developments, punishments, guidance, permissions and authorisations for new product and service offerings.
Clear Street
Clear Street, a
US-based financial infrastructure technology firm, has received
authorisation from the Netherlands Authority for the Financial
Markets (AFM) to operate as an investment firm, giving it a
presence in 27 European Union member states, along with Norway,
Iceland and Liechtenstein.
The licensing complements the company's existing operations in
the UK, Clear Street said in a statement.
Now that it is authorised, Clear Street can engage and
onboard a broad range of European client segments, including
proprietary trading firms, asset managers, pension funds and
family offices.
"With this licensed entity in the Netherlands, and alongside our
UK presence, Clear Street’s European clients now get our
full platform: execution, prime brokerage, real-time risk
management and more, on the same cloud-native technology that
powers our operations across the US, Canada and the UK,” Ed
Tilly, CEO of Clear Street, said.
Clear Street operates a single, cloud-native, end-to-end capital
markets platform.