of outsourced trading as a growth market. Its combination of digitalfirst systems and prime brokerage connectivity is designed to resonate with hedge funds and systematic managers, though the firm has signalled ambitions to expand across asset classes and client types.
Much like it has endeavoured to do in the prime brokerage world, Clear Street is looking to break into a growing space with gaps due to provider exits.
The firm’ s challenge will be differentiating itself in an increasingly crowded marketplace while proving its staying power.
Elsewhere, while global banks and custodians are more frequently grabbing headlines, independent providers continue to thrive in the outsourced trading space, proving there is still room for both styles. Firms such as Tourmaline, Outset Global and Meraki Global Advisors others remain highly regarded for their agility, client alignment, and ability to offer conflict-free execution.
For many asset managers- particularly those with niche strategies, smaller teams, or specialist asset class needs- the boutique model is still the most
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