Full text of Clear Street Derivatives LLC's X-17A-5 filed 2025-03-04 (period 2024-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------  Ernst & Young LLP Tel: (212)-773-3000 One Manhattan West www.ey.com New York, NY 10001 ## **Report of Independent Accountants on Applying Agreed-Upon Procedures** To the Board of Directors and Management of Clear Street Derivatives LLC: We have performed the procedures enumerated below related to Clear Street Derivatives LLC's compliance with its internal risk management controls as well as inventory pricing and modeling controls in compliance with U.S. Securities Exchange Commission ("SEC") Rule 240.15c3-4(c)(3) during the period January 1, 2024 to December 31, 2024. Clear Street Derivatives LLC is responsible for its compliance with those requirements. Clear Street Derivatives LLC's management has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting users in determining whether the entity complied with the specified requirements. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. This agreed-upon procedures letter is required by the Securities and Exchange Commission's (the "Commission") Rule 240.15c3-4(c)(3). Combined, Clear Street Derivatives LLC and the Commission are the "Specified Parties." Clear Street Derivatives LLC is responsible for its internal risk management controls and its inventory pricing and modeling controls. The October 13, 2011, Securities Industry and Financial Markets Association ("SIFMA") letter addressed to Michael A. Macchiaroli of the Commission's Division of Trading and Markets lists the objectives outlined in Appendix A ("SIFMA Objectives"). We were engaged by Clear Street Derivatives LLC's management to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on compliance with the specified requirements. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other ma…Read the full text as markdown