CenterPoint, the active trading division of New York-based independent prime broker Clear Street LLC, announced that its products and services are available in Canada through Clear Street Canada Inc.
CenterPoint’s products, services, and partnerships “include advanced routing and execution, real-time access to market data feeds, an integrated in-platform locate system, and modern charting and technical indicators.”
Active traders in Canada will have “access to similar solutions for trading U.S. equities and options as those offered by CenterPoint in the U.S.”
John Skain, Chief Executive Officer, Clear Street Canada, said:
“CenterPoint’s expertly tailored solutions, combined with Clear Street’s unique proprietary technology, will give active traders in Canada the tools required to successfully navigate equity and options markets. We know that active traders in Canada have been waiting for a platform that can provide the technology, stability, and white-glove customer service that CenterPoint offers.”
As stated in a release, Clear Street Canada is a regulated entity “based in Toronto and serves clients across Canada, except in the Province of Quebec.”
Clear Street Canada is “a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF).”
As noted in the update, Clear Street is “building modern infrastructure for capital markets.”
Founded in 2018 by industry veterans, Clear Street is “an independent, non-bank prime broker working to solve the industry’s most neglected problem: legacy technology.”
The firm has built “a proprietary, cloud-native, clearing and custody system to replace the legacy infrastructure used across capital markets – improving speed, access, and service for its clients.”
As mentioned in the announcement, Clear Street’s first product is “its equity finance platform, which processes more than $10 billion in trades every day.”
The firm’s goal is to create “a single-source platform to serve all investor types, across all asset classes, globally.”
Clear Street does “not provide investment, legal, regulatory, tax, or compliance advice. Consult professionals in these fields to address your specific circumstances.”