Clear Street launched its own outsourced trading desk,
tapping former UBS executive Morgan Ralph to lead the expansion from its new
office at 4 World Trade Center.
Through its latest offering, Clear Street aims to combine real-time trading tools with better execution services for hedge funds,
asset managers, and family offices seeking to optimize operations without
expanding in-house trading teams.
New Leadership for the New Platform
Morgan Ralph joins the company as Head of Outsourced
Trading, bringing nearly 20 years of industry experience. He most recently led
business development and platform management for outsourced trading at UBS. His
previous roles include senior positions at State Street Global Markets, Brown
Brothers Harriman, and Lehman Brothers.
“I am beyond thrilled to join Clear Street and to work
alongside the excellent team here to bring forward the premier outsourced
trading platform on the market,” Ralph commented.
“The blend of world-class proprietary technology and
an incredibly experienced team of professionals gives us a distinct edge, and
our clients will benefit significantly from the unique set of resources this
firm can offer. We also have imminent plans to grow, with several exciting
hires soon to be announced.”
Aiming for Flexible Solutions
The outsourced trading platform is designed for a
range of fund types, from emerging managers to well-established firms. The offering spans partial to full outsourcing, giving clients the ability to
scale their trading operations in response to market conditions.
Clear Street’s solution is built around its
proprietary Studio platform, which integrates real-time risk, portfolio, and
trade management tools into a single cloud-based system. This architecture
enables seamless communication between portfolio managers and traders, even
across different locations.
Read more: Bloomberg System Failure Halts Live Data for 90 Minutes, Disrupts Trading and UK, EU Bond Sales
The outsourced trading team will operate out of Clear
Street’s newly secured office space at 4 World Trade Center. The company said
additional hires are on the way as the rollout of this and other new services accelerates.
Backed by a team with experience from firms like UBS,
Wells Fargo, and State Street, the division will focus on delivering
personalized execution and scalable trading solutions across asset classes. As competition intensifies in outsourced trading,
Clear Street is betting on its mix of technology and talent to attract clients
looking for efficiency, cost control, and operational flexibility.
Meanwhile, Clear Street announced plans to acquire an algorithmic execution solutions firm focusing on the US and Canadian equities
last year.
The firm entered into an agreement to buy Instinet’s
Fox River algorithmic trading business in a step aimed at offering solutions
for buy-side and sell-side firms, especially quant-driven funds in the US and
Canadian equities markets.
This article was written by Jared Kirui at www.financemagnates.com.
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