Convergex just upped the ante in its Prime Services group.
The agency-focused global brokerage and trading related services provider has enhanced its Prime Services group by adding fully-paid for lending capabilities to its current securities lending offerings. By proving the fully-paid capabilities investors now are able to potentially generate additional income in their portfolios.
Also, the firm integrated its Prime Services platform into its Global Clearing Group, offering larger hedge fund clients increased securities lending services to its larger hedge fund clients and third party institutional investors.
The Convergex Prime Services Group offers clients the opening and monitoring accounts, cross referencing securities and customized reporting capabilities. In addition, the groups team is focused on providing investors the ability to lend out and generate additional interest income on fully-paid-for or excess margin securities.
In addition, Convergex Prime Services recently entered into a clearing agreement with INTL FCStone Financial Inc. that enables Convergex to offer its clients access to FCStones futures execution capabilities and prime brokerage platform. With FCStone, Convergex Prime Services can offer its clients 24-hour trading access and full portfolio and risk reporting features traditionally only available to larger hedge fund managers.
Convergex Prime Services is a provider of integrated prime services to hedge funds, family offices, mutual funds, and registered investment advisors (RIAs).
