PrimeOne Solutions, a division of CoreOne Technologies, has launched an end-to-end solution for Canadian prime brokers, accommodating the specific interfaces and regulations of the Canadian securities ecosystem.
PrimeOne Canada offers packaged multi-asset class systems and integration to various downstream systems for straight-through processing, including settlement via CDS (Canadian Depository for Securities), as well as industry standard financial control systems in Canada for margin, accounting and risk management.
Additionally, PrimeOne is set up for facilitation of tri-party relationships for collateral held outside of the Prime Broker.
Other features include multi-platform and multi-currency client and MIS reporting over the web, mobile or print channels.
Chris Chanod, head of business development for PrimeOne, says: “It’s no secret Canadian banks have become desirable counterparties for hedge funds. As Canadian banks have stepped in they are keen to leverage our platform we packaged for Canada, in order to reduce the cost and increase the speed-to-market entering the space or increasing their footprint. Our unique offering of a hosted, managed service for cash and synthetic prime brokerage and prime finance capabilities offers a flexible entry into a lucrative market.”