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Clear Street has agreed to acquire BOOM Securities (H.K.) Limited, marking its first acquisition-led entry into the Asia-Pacific region and providing access to 18 global markets through established regulatory licences and infrastructure.
The New York-based firm entered into the agreement on 30 January 2026. The transaction, subject to customary closing conditions including approval from Hong Kong’s Securities and Futures Commission, is expected to complete in mid-2026.
Founded in 1997, Boom Securities is Hong Kong’s first licensed online brokerage. The business oversees more than $2 billion in assets under management and serves thousands of active clients, who are expected to migrate to Clear Street’s unified, cloud-native technology platform.
Ed Tilly, Chief Executive Officer, Clear Street
Ed Tilly, Chief Executive Officer, Clear Street, said the acquisition represents a step in the firm’s international growth strategy:
“This acquisition is a milestone in our global expansion and our first acquisition-led entry into the APAC region. Boom has built a trusted, proven franchise over nearly three decades, and we are excited to bring that franchise onto Clear Street as we continue expanding into high-growth markets.”
He also added that the firm intends to migrate Boom’s operations onto its existing infrastructure:
“The Boom transaction illustrates our repeatable and scalable model: migrating a successful business onto Clear Street’s cloud-based data and technology infrastructure, while gaining access to compelling new markets. Our unified platform allows us to deliver speed, scale and transparency to clients across the Clear Street ecosystem, and the Boom acquisition is an exciting example of our global intentions.”
Clear Street said Boom’s clients will gain access to expanded cross-margining capabilities, multi-asset portfolio management and real-time data analytics, while retaining the multi-lingual client service currently provided in the APAC region.
Alongside the acquisition, the firm appointed John Deters as Chief Strategy and Growth Officer, expanding its executive leadership team.
Deters will oversee corporate development and strategic initiatives, including product expansion, partnerships, mergers and acquisitions, and joint ventures.
Prior to joining Clear Street, Deters served as Executive Vice President and Chief Strategy Officer at Cboe Global Markets. He previously held roles in investment banking at Barclays and Lehman Brothers, advised financial infrastructure and fintech clients on public M&A transactions, and worked as an M&A lawyer at Skadden Arps and with the U.S. Securities and Exchange Commission.
Clear Street also confirmed it has withdrawn its Form S-1 registration statement and will consider relaunching an initial public offering at a later stage.
Uriel Cohen, Founder and Executive Chairman, Clear Street
Uriel Cohen, Founder and Executive Chairman, Clear Street, said the decision was driven by market conditions:
“Our global build and product velocity continues at a rapid pace. We explored the opportunity to go public but ultimately decided not to proceed at this time due to market conditions. We are focused on what we do best, providing sophisticated investors the tools and access previously reserved for only the largest hedge funds and institutions, all through our unique technology platform.”
Clear Street is a cloud-native financial infrastructure technology firm providing institutional-grade market access, tools and services through a unified capital markets platform.
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