Clear Street launches OCC Cross-Margin capabilities
Clear Street, a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, today announced the roll out of OCC Cross-Margin capabilities, allowing futures and options traders to consolidate margin requirements and improve capital efficiency.
OCC Cross-Margin capabilities were launched in anticipation of increased client demand.
Jon Daplyn, COO of Clear Street, said:
“The launch of OCC Cross-Margin capabilities is a testament to the speed and agility of our technology stack. Our team worked around the clock to make it happen, delivering a professional grade product in just weeks, giving our customers the tools they need for their businesses.”
Clear Street’s expansion into OCC Cross-Margin reflects its commitment to providing solutions that address real-world client challenges. The OCC Cross-Margin product helps clients bridge their Futures and Equity Index Options trading activity, creating greater efficiency in risk management and capital deployment. Clients have already begun leveraging the feature to enhance their trading strategies.
Traditionally, active market participants have relied solely on large banks for cross-margin and complex, active trading strategies. Clear Street is changing that paradigm, having launched the first full-service FCM with these sophisticated capabilities in over a decade.
Chris Smith, CEO of Clear Street Futures, stated:
“Clear Street Futures clients are already leveraging our cross-margin capabilities, and the initial feedback has been overwhelmingly positive. We’re excited to offer this solution to eligible customers seeking to optimize their VIX Futures and E-Mini S&P Futures and Options portfolios.”