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Clear Street, a cloud-native financial infrastructure technology firm, has received authorization from the Netherlands Authority for the Financial Markets (AFM) to operate as an investment firm in the Netherlands, establishing a licensed presence in the European Economic Area (EEA).
The EEA encompasses 27 European Union countries plus Norway, Iceland and Liechtenstein. The move follows the company's existing operations in the United Kingdom.
The authorisation enables Clear Street to engage and onboard a broad range of European client segments, including proprietary trading firms, asset managers, pension funds and family offices. It also expands the company's ability to provide access to investment products across European and US markets.
Ed Tilly, Chief Executive Officer, Clear Street
Ed Tilly, Chief Executive Officer, Clear Street said:
"With this licensed entity in the Netherlands, and alongside our U.K. 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 U.S., Canada and the U.K."
Ed Tilly, Chief Executive Officer, Clear Street also commented:
"The Netherlands is the latest illustration of our scalable and repeatable global expansion model. We appreciate the AFM's commitment to market and regulatory transparency, efficient oversight and customer protections, all of which nicely complement our technology and service offering meant to empower sophisticated investors all over the world."
The Dutch capital markets have grown as both a regional and international hub, with Amsterdam in particular home to a number of major trading venues and financial institutions.
Sven Diepenbach, Head of Clear Street Netherlands, Clear Street
Sven Diepenbach, Head of Clear Street Netherlands, Clear Street said:
"The Dutch capital markets continue to expand as a regional and international hub, and we are excited to now be part of that. 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."
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