Triad Securities has entered into a clearing agreement with Wedbush Securities.
Triad, which offers prime brokerage services, is expanding its mini prime service offering and has added Wedbush to help further its expansion..
As part of its philosophy, Triad said that by offering clients a choice of multiple custodians helps it provide users greater flexibility, access to a broad variety of outstanding products and services, and the option to spread assets across several clearing firms, all while receiving consolidated reporting and personalized support through Triad. Customers also may receive greater access to securities lending programs and other services such as portfolio margining.
In the wake of Basel III, concerns about counterparty risk continue to rise and hedge funds are finding it more difficult to custody their assets in an environment of increased rules and regulation. Triad understands and addresses those concerns by providing a choice of multiple custodians, says Scott Daspin, Triads Director, Prime Brokerage Sales.
Triads reporting and consolidation platform seamlessly integrates key information into one easy to use system which alleviates the complexities of multiple primes.
