Clear Street Launches Outsourced Trading, Taps Former UBS Executive ⋅ Crypto World Echo
Clear Street launched its own outsourced trading desk,tapping former UBS executive Morgan Ralph to lead the expansion from its newoffice 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 withoutexpanding in-house trading teams.
New Leadership for the New Platform
Morgan Ralph joins the company as Head of OutsourcedTrading, bringing nearly 20 years of industry experience. He most recently ledbusiness development and platform management for outsourced trading at UBS. Hisprevious roles include senior positions at State Street Global Markets, BrownBrothers Harriman, and Lehman Brothers.
“I am beyond thrilled to join Clear Street and to workalongside the excellent team here to bring forward the premier outsourcedtrading platform on the market,” Ralph commented.
“The blend of world-class proprietary technology andan incredibly experienced team of professionals gives us a distinct edge, andour clients will benefit significantly from the unique set of resources thisfirm can offer. We also have imminent plans to grow, with several excitinghires soon to be announced.”
Aiming for Flexible Solutions
The outsourced trading platform is designed for arange of fund types, from emerging managers to well-established firms. The offering spans partial to full outsourcing, giving clients the ability toscale their trading operations in response to market conditions.
Clear Street’s solution is built around itsproprietary Studio platform, which integrates real-time risk, portfolio, andtrade management tools into a single cloud-based system. This architectureenables seamless communication between portfolio managers and traders, evenacross 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 ClearStreet’s newly secured office space at 4 World Trade Center. The company saidadditional 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 deliveringpersonalized 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 clientslooking 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 equitieslast year.
The firm entered into an agreement to buy Instinet’sFox River algorithmic trading business in a step aimed at offering solutionsfor buy-side and sell-side firms, especially quant-driven funds in the US andCanadian equities markets.
This article was written by Jared Kirui at www.financemagnates.com.
