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Clear Street building execution platform to replace vendor systems

A job posting shows that the broker is building a new algorithmic trading stack from scratch, targeting direct market access for institutional clients by year-end.

Directly above a newly paved asphalt road meeting an old worn-out crumbling road with freshly painted double yellow lines over both.

Chicago-based brokerage Clear Street is rebuilding its execution infrastructure from scratch to replace what it calls “fragmented, vendor-dependent solutions,” according to a job posting on the firm’s careers page.

The posting, which is seeking a senior software engineer for Clear Street’s algorithmic execution services team, says the firm is “building the next generation of our execution infrastructure from the ground up,” with a modular platform to take the place of existing tools. 

It also says

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