Prime brokerage clients are about to get more choice and access to a single, integrated cloud-based trading platform.
In a move designed to bolster business at both firms, Liquid Holdings Group, a cloud-based provider of a single real-time platform that integrates order, execution, and risk management with reporting and shadow NAV and ConvergEx’s Prime Services division have signed a marketing agreement.
Under the new union, Liquid clients will gain access to ConvergEx’s prime brokerage services. At the same time, Convergex’s will offer the Liquid platform and its real-time trading platform as an option to its broad portfolio of prime brokerage clients including hedge funds, family offices, mutual funds, and registered advisors.
“We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment – empowering hedge funds to build more successful, long-term businesses through smarter solutions,” said Brian Storms, CEO of Liquid. “We look forward to providing their clients with the kind of superior technology and service they would expect of a ConvergEx partner.”
The Liquid platform allows fund managers to work more efficiently by eliminating unnecessary and outdated infrastructure and time-consuming middle-office processes. The platform is purpose-built for alternative asset managers, powered by a proprietary cloud, and backed by managed services. Moving to a single, real-time environment across trading, portfolio and risk management, investor reporting, and shadow NAV helps managers drive better insights into portfolio performance while institutionalizing their businesses with repeatable, secure controls over disaster recovery, business continuity, data management, and broker reconciliations.