ING Capital Markets has launched a synthetic prime brokerage platform to provide global, cross-asset portfolio swap products offering the functionality of a traditional prime brokerage service.
"We offer the flexibility of a multi-asset portfolio swap which is operationally efficient, streamlined and provides additional collateral and portfolio margin benefits," says Michael Baudo, regional head of financial markets Americas and global head of securities finance. "We are excited to launch a platform that differentiates itself and adds value to clients while drawing upon the more than 20 years of experience our team has been providing securities finance solutions to the market."
ING has traditionally offered its alternative investment management clients synthetic portfolio solutions through its legacy contract for differences (CFD) platform.
In its initial launch phase, the platform will be managing and executing all balance sheet, back office and administrative functions associated with derivative exposure to equities. In the next phase, functionality will include fixed income and additional asset classes in line with ING's clients' needs.