Global Prime Partners is to offer Liquid Group’s Liquid platform to its portfolio of existing European clients as well as all new prime brokerage clients, becoming the exclusive prime brokerage partner of Liquid in Europe.
Global Prime Partners has also selected the Liquid platform to monitor its firm-wide risk exposure to its prime brokerage clients, including hedge funds and other asset managers.
Global Prime Partners will gain access to the Liquid platform's set of real-time front-office and data management services powered by Liquid's private cloud, providing clients with technology to help decide what to trade, place the trade, monitor compliance and risk, aggregate exposures, track and report P&L and performance, and reconcile trades in one place.
"As an industry recognised leader of prime brokerage services in the UK and the rest of Europe, including being named as IHFA and HFM 2013 Best Boutique European Prime Broker of the year, Global Prime Partners has significant penetration with emerging hedge funds and will be a premier partner for Liquid going forward. We are thrilled to be working together as we are both uniquely focused on providing comprehensive and secure mission critical services to help accelerate the growth of hedge fund managers with a strong pedigree," says Brian Storms, chief executive of Liquid.
"We are excited to partner with Liquid and offer its Liquid platform to our clients. Hedge funds are looking to us to provide new tools, solutions and knowledge to generate alpha, and the Liquid platform enables us to offer through a single real-time platform with rich capabilities across trading, risk management and reporting in a secure cloud environment, that we believe will greatly benefit our rapidly expanding universe of clients in Europe,” says Julian Parker, chief executive of Global Prime Partners. "The platform's flexibility allows us to address our in-house requirements as well, serving as our central platform to monitor firm-wide risk exposure across our client base."
In addition to cost savings and operational efficiencies, the benefits of the Liquid platform include fast activation, rapid delivery of innovation as well as real-time pre- and post-trade risk monitoring and reporting, all powered by cloud computing.