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Topic

Clearing and Settlement Infrastructure

The exchange and clearinghouse layer that matches, novates and settles trades after a customer order is placed, including margin and default management.

Current clusters

invest4 publishers

Robinhood buys into OG.com at the $5bn mark Citadel set in July

Robinhood is paying Citadel's July price for an undisclosed minority slice of the venue that will clear volume Robinhood can move at will, which makes OG.com a fourth supplier rather than an owned engine.

Perspective Coverage

4 publishers
Builder
Builder 24%
Operator
Operator 32%
Investor
Investor 44%

Reality

Evidence62
Adoption42
Hype gap+34
Incentives78
Confidence68