ConvergEx Prime Services to Offer Clients PerformEx℠ Real-Time TCA

ConvergEx Group, a leading provider of global brokerage and trading-related services, today announced that its Prime Services customers will soon be able to receive real-time, intra-day transaction cost analysis (TCA) from PerformExSM, its groundbreaking TCA product.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/26/convergex-prime-services-to-offer-clients-performexsm-real-time-tca.html June 27, 2013 at 07:17PM

Itaú BBA Selects 4sight’s Securities Finance And Collateral Management System

http://www.iss-mag.com/news/itaA-bba-selects-4sighta-s-securities-finance-a

Itaú BBA has selected 4sight’s Securities Finance and Collateral Management solution to support its US-based securities lending and repo business, Itaú BBA USA Securities.

 Itaú BBA will use 4sight’s software for equity and fixed income Securities Lending and Repo trade booking and position management. Itaú BBA will also use 4sight’s solution for collateral management, credit limits control, P&L and reporting. Itaú BBA will initially use 4sight for US domestic equity and fixed income trading, and later phases will extend this into a multi-site global front -to-back securities lending and repo solution.

 4sight will deliver the implementation as a hosted solution via Itaú BBA’s internal hosting provider, and the project includes several new features built to Itaú BBA specification, notably:

 A new securities lending and repo trade concentration limit module, including extended concentration limit/breach reporting

• A new real-time, 4sight interface for automated requests and import of instrument static data.
• A new user interface for 4sight’s existing Loanet interface, and extensions to the interface to support additional repo transaction types.

 Ross Levin, Head of Prime Services Business Architecture at Itaú BBA, comments: “It was critical for this project to select a technology solution that can be installed rapidly on a lightweight footprint while also able to scale globally. Itaú BBA also required a vendor with strong industry and domain expertise, global support services and a flexible approach to customization. We look forward to working with 4sight to implement this project as we expand Itaú BBA’s US securities lending and repo business.”

 Antonio Neri, 4sight’s Executive Director said: “We are very happy to welcome Itaú BBA to our growing North American client base. The 4sight system will provide Itaú BBA with a cost effective solution to scale up its global Securities Finance business, while managing collateral effectively and increasing trading volumes through greater automation.”

ConvergEx Prime Services expands cap intro program

http://www.automatedtrader.net/news/automated-trading-news/142321/convergex-prime-services-expands-cap-intro-program

First Published Wednesday, 13th March 2013 from Automated Trader : Automated Trading News

ConvergEx Prime Services capital introduction program to offer one-to-one, event, and matching services

New York – ConvergEx Group’s ConvergEx Prime Services is expanding its capital introduction program. In addition to facilitating one-on-one meetings, it will also offer access to regional events, customer dinners and targeted speaking opportunities at industry conferences.

Through these events, Prime Services aim to provide its customers with access to investors while also being strategically aligned with allocators who have specific interests in their individual strategies.

“Despite the fact that we have seen a notable pickup in the number of new funds that have been launched in the past few quarters, customers are telling us that it has never been more difficult to raise new money,” said Doug Nelson, chief executive officer of ConvergEx Prime Services. “Our extensive program will give managers additional resources to enhance their sales and marketing strategies by leveraging ConvergEx’s wide-ranging customer base and industry relationships.”

“Importantly, we have also devoted a substantial amount of effort expanding our contacts to include many of the lesser known allocators from sources including family offices, fund of funds, wealth advisors, foundations, endowments and emerging manager platforms so customers can receive maximum exposure to potential investors,” said Michael DeJarnette, president of ConvergEx Prime Services. “And as an added benefit to customers, we have also enhanced our internal systems to track the effectiveness of their sales and marketing efforts.”

“The hedge fund landscape never stops changing which is why we stay committed to evolving our offerings to help position our customers for growth and success,” added Mr. Nelson.

Doug Nelson, CEO, ConvergEx Prime Services

“Despite the fact that we have seen a notable pickup in the number of new funds that have been launched in the past few quarters, customers are telling us that it has never been more difficult to raise new money.”

ConvergEx Group Renames NorthPoint as ConvergEx Prime Services

ConvergEx Group, a leading technology company, today announced that it has changed the name of NorthPoint Trading Partners to ConvergEx Prime Services, effective November 30. “Since joining ConvergEx in 2009, our organization has expanded and changed in tremendous ways.

via Pocket http://www.bobsguide.com//guide/news/2011/Dec/2/convergex-group-renames-northpoint-as-convergex-prime-services.html December 30, 2012 at 06:51PM

SunGard Launches Apex Prime Solution to Help Improve Processing Efficiency and Client Service

SunGard has expanded its prime services offering with the launch of Apex Prime, a global solution that helps new and established prime services providers better manage their day-to-day client processing and improve client services by helping maximize transparency, control and efficiency.

via Pocket http://www.bobsguide.com/guide/news/2012/Dec/3/sungard-launches-apex-prime-solution-to-help-improve-processing-efficiency-and-client-service.html December 30, 2012 at 06:17PM