Clear Street has been granted authorisation from the Netherlands Authority for the Financial Markets (AFM) to operate as an investment firm in the region, marking an expansion of the firm’s growing European market access.
Ed Tilly
The move will allow Clear Street to establish a Mifid II-licensed operating presence in the European Economic Area (EEA), spanning 27 EU countries, as well as Norway, Iceland and Liechtenstein.
Moreover, the authorisation builds on Clear Street’s current European footprint, and complements the firm’s ongoing operations in the UK.
Ed Tilly, chief executive of Clear Street, said, ”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.”
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Specifically, the authorisation will expand Clear Street’s client segments across Europe, allowing the firm to onboard a range of proprietary trading firms, asset managers, pension funds and family offices onto its platform.
The move will also see Clear Street providing broader access to a wide range on investment products across European and US markets.
“The Dutch capital markets continue to expand as a regional and international hub, and we are excited to now be part of that,” added Sven Diepenbach, head of Clear Street Netherlands.
“This license unlocks our platform to serve clients across the region with something genuinely differentiated: direct market access, real-time risk visibility and the full depth of Clear Street’s capabilities.”