Clear Street Launches Repo Platform
A recent blog post entitled, "Scaling to New Heights: Launching our Fixed Income Repo Platform," explains, "In 2019, Clear Street launched a principal Securities Lending business to facilitate borrowing and lending activity for its prime broker clients. As my colleague Madhu Subbu recently explained, Securities Finance is an important piece of the global market, consisting of trillions of dollars in lendable assets and facilitating order and stability within our financial system. In a short period, that business has grown significantly.... Today we're pleased to announce the continued expansion of Clear Street's Securities Finance offering with the official launch of Fixed Income Repo." Author Joseph DiMartino explains, "Over the next six months, we plan to scale our business and grow our client-base among institutional managers. We have ambitious goals for the business, but I am confident we will achieve them thanks to the expertise of our dedicated team. I've been in the repo business for more than 30 years, and I can confidently say that our team is comprised of some of the most seasoned professionals in our industry, including: Victor Masotti — Director of Repo Trading. Victor has been instrumental in the build out of Clear Street's Fixed Income Repo platform. He has nearly a decade of experience, most recently serving as Vice President of U.S. STIR Trading at TD Securities. John Laudadio — Director of Securities Finance Transactions. John joined after more than 15 years in senior roles in securities finance at Mitsubishi UFJ Securities and HSBC Global. We also are pleased to welcome an additional team member to the mix, Aldo Mannino as Director of Repo Sales & Trading. Aldo joins Clear Street after more than 25 years in financial services, working at UBS and Mizuho where he developed and operated a multitude of sales & trading strategies." He adds, "It's a great time to be launching this business as there is vast potential in today's market. Entering the repo market today presents a unique opportunity to meet rapidly growing customer demand. We are seeing strong interest in repo from institutional clients, ranging from municipal pension funds to corporates and everything in between. Our team at Clear Street is ready to partner with these managers to provide long-term liquidity solutions."
