Full-Time

Electronic Sales and Client Coverage Head

Posted on 11/15/2024

Clear Street

Clear Street

201-500 employees

Provides prime brokerage and trading services

Fintech
Financial Services

Senior

London, UK

Requires in-office presence a minimum of three days per week.

Category
Strategic Account Management
Sales & Account Management
Requirements
  • A minimum of 5 years of professional experience in algorithmic equity trading, client sales and support, with at least 3 years in a leadership role within European markets.
  • Strong knowledge of European regulatory environment who holds current National Licenses, and a solid grasp of market competition and micro structure.
  • Advanced Technical skills and understanding of OMS, trading platforms, FIX gateways and exchange connectivity requirements.
Responsibilities
  • Help develop and execute a sales strategy for European electronic equities, aligning with overall business objectives and electronic market trends.
  • Lead, mentor, and motivate the European equities sales and coverage team, fostering a high-performance culture and ensuring the team meets and exceeds sales and technology targets and timelines.
  • Identify and foster relationships with clients for the electronic trading business through leveraging existing customers in the US markets as well as with new clients not currently working with Clear Street.
  • Grow our client franchise by establishing strong relationships with key institutional clients, understanding their needs and delivering tailored solutions via our differentiated Clear Street technology.
  • Monitor market trends and competitor activities, providing insights and recommendations to enhance investment strategies and product offerings.
  • Work closely with high touch sales & trading, research, and product teams to ensure seamless execution of client orders and enhance client satisfaction.
  • Establish and track sales performance metrics, reporting regularly to senior management locally and in the US on progress and challenges.
  • Ensure all sales activities comply with relevant regulations and company policies.
  • Understand and support the algorithmic platform; including technical and functional client queries including client conflict remediation and error handling.
  • Communication with exchanges, ATS and execution venues. Working knowledge of order types is helpful but not required.

Clear Street provides a unified platform for trading various financial products, including equities and options, across major markets. Their services include prime brokerage, which encompasses trade execution, financing, clearing, and custody, helping clients manage their trading activities effectively. The platform is cloud-based and API-first, allowing for easy integration with other systems and scalability for users. This approach sets Clear Street apart from competitors by reducing technical setup time for clients, enabling them to focus on trading. The company's goal is to enhance the infrastructure of capital markets, making trading more efficient and accessible for both individual and institutional investors.

Company Stage

Series B

Total Funding

$457.2M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

14%

1 year growth

30%

2 year growth

43%
Simplify Jobs

Simplify's Take

What believers are saying

  • The appointment of industry veterans like Edward Tilly and Sean Hendelman strengthens Clear Street's leadership and strategic direction.
  • Clear Street's launch of futures clearing services and professional clearing services for market makers opens new revenue streams and market opportunities.
  • The company's strong capital base and rapid client acquisition, with over 160 new institutional clients in the past year, indicate robust growth potential.

What critics are saying

  • The competitive landscape of financial technology and prime brokerage services could pressure Clear Street to continuously innovate to maintain its edge.
  • Integrating acquisitions and new hires may pose challenges in maintaining a cohesive company culture and operational efficiency.

What makes Clear Street unique

  • Clear Street's cloud-based, API-first platform offers unparalleled scalability and flexibility, setting it apart from traditional prime brokerage services.
  • The company's focus on modernizing capital markets infrastructure through a unified platform for trading equities and options provides a seamless experience for sophisticated traders.
  • Clear Street's rapid expansion and acquisition strategy, including the purchase of algo firm Fox River, demonstrates its commitment to innovation and growth.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Company equity

401k matching

Parental leave

Full medical, dental & vision insurance

Lunch stipends

Fully stocked kitchens

Happy hours