Alameda Research is leading a USD40 million investment round in Oxygen, a decentralised prime brokerage protocol that will offer prime brokerage services that have traditionally been limited to investment banks and hedge funds to everyone, free of centralised control.
Genesis, a global financial markets software firm, has launched FX Prime, a trade capture application developed for FX & rates trading desks with Prime Broker integration.
Genesis, a specialists in digital currency prime brokerage services, has appointed Dr Derar Islim to the newly-created position of Chief Operating Officer (COO).
IS Prime, part of ISAM Capital Markets, has partnered with FDCTech to extend its liquidity distribution to the innovative Condor FX Pro trading platform.
BTIG Prime Brokerage: Best Boutique Prime Broker – In the last year, BTIG Prime Brokerage has experienced tremendous growth in the number of funds on its platform. “Whether established hedge fund, newly launched business or family office, managers are selecting BTIG as their prime broker for multiple reasons – better client service, customised solutions, a robust portfolio reporting system and seamless integration with our Outsource Trading and Electronic Trading offerings. Our high levels of client satisfaction lead to referrals not only from existing clients but also from other service providers – accountants, attorneys and even bulge brackets for small and mid-sized accounts that don’t meet their coverage criteria,” said Justin Press, Managing Director and Co-Head of BTIG Prime Brokerage.
The ASEAN region has demonstrated itself as a major area for investment and potential growth. However, much of this growth is still on the horizon and yet to be materialised. For the prospects of the ASEAN region to reach their true potential, the current environment requires cost efficiency, scalability and talent. These are critical factors to creating a supportive ecosystem.
With the broader hedge fund industry facing multiple challenges around rising costs, squeezed profits, and a shifting regulatory backdrop, the prime brokerage sector will need to juggle future disruptions and sweeping changes in client activity as a result of the coronavirus pandemic.
BEQUANT, a global provider of cryptocurrency and digital asset services for professional traders and institutions, has launched BEQUANT PRO, a prime brokerage platform.
JonesTrading Institutional Services has named Andrew (Andy) Volz as Chief Operating Officer, to oversee the global operations of the firm, across all divisions. Volz reports to Alan Hill, JonesTrading’s CEO.
As more investors become comfortable outsourcing functions to third-party providers, the importance of excellence in this space is coming into sharper focus. In a part of the industry where services can risk becoming commoditised, providers are keen to demonstrate the high calibre solutions they offer. Outsourcing can alleviate a number of pressures off investment managers, however the service provided needs to be of the highest quality.