Clear Street Acquires Fox River Algorithmic Trading Business from Instinet
October 1, 2024
Clear Street completed the purchase of the Fox River algorithmic trading business from Instinet, integrating Fox River's algorithmic execution solutions into Clear Street’s prime brokerage and cloud-native platform. The acquisition expands Clear Street’s electronic trading capabilities and brings Fox River’s client relationships with buy- and sell-side firms into Clear Street’s service offering.
- Buyers
- Clear Street
- Targets
- Fox River algorithmic trading business (from Instinet)
- Sellers
- Instinet
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Divestiture
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