Clear Street completed a tranche of a $435m capital raise this year, valuing the prime broker at $2bn.
FX PB as a business line for the sell-side has come under scrutiny in the wake of several high-profile losses.
The sale of Cowen Prime was planned as a part of the acquisition of Cowen by TD this year.
Four-paragraph CFTC notice holds firm-level and market-wide implications.
Michael Stone joins as Head of FX Prime Brokerage with a team from Jefferies.
Clear Street's cloud-native prime brokerage processes more than $10bn in daily notional of U.S. equities.
One of the main independent prime brokerage providers has been acquired.
Last month FalconX became the first CFTC-registered crypto-focused swap dealer.
The fintech was launched to build better infrastructure to access capital markets.
