SetClear is an industry-transforming company that provides functional outsourcing capabilities for buy-side investors and international broker/dealers. Specifically, for aggressive, next generation institutional investors who participate in trading or investing in global markets, SetClear's value proposition rests on an ability to eliminate complexity, commercialize potential savings, and provide a mechanism to see and control key points of failure and risk. Included in the service lines are modules that support trade settlement aggregation, middle- and back-office clearing, and industry defining analytics.
Founded in response to significant demand for a broker-neutral clearing platform, SetClear grew from discussions with clients that focused on the operational challenges of the new electronic marketplace. As the market for non-traditional execution venues has increased, single-broker platforms, proprietary sell-side desks, and connectivity options have proliferated, fragmenting the marketplace. This fragmentation poses unique challenges to the back and middle office as traders increasingly use multiple brokers to access best execution and liquidity. This fragmentation leads to a proliferation of multi-broker tickets and significant complications in trade reconciliation, trade allocations and the management of costs and fails.
SetClear Pte. Ltd. is a Singapore based company that is part of the CLSA group. SetClear's proposition lies in delivering an innovative, flexible, adaptable, and nimble trade settlements/agency clearing platform with global capabilities. At the heart is a message-based technology platform which utilizes a work-flow oriented architecture leveraged by a globally distributed and integrated operational infrastructure. SetClear's Singapore operations will include global management roles in addition to being a central hub for all middle and back office activities. Most of these services will be supported by a fully automated electronic platform that will be backed up by a 24x6 Support Desk in Singapore.
SetClear is structured as a lean, efficient, independent company. With approximately 100 employees, SetClear's small size offers the advantage of speed and flexibility while its activities will rank it among the top tier agency clearing businesses.