PrimeOne releases SynPrime 03 October 2012New York Reporter: Jenna Jones
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PrimeOne Solutions, a division of CoreOne Technologies, has unveiled SynPrime, its new equity swap platform created to lower operational risk.
The platform will provide investment banks and hedge funds with all aspects of managing and valuing synthetic trading activities, including robust financing capabilities, profit and loss, dividend workflows, resets and commissions.
“Most financial firms have traditionally built swap systems internally,” said EJ Liotta, Global Head of PrimeOne Solutions.
“The market environment has permanently changed this strategy for firms, and now is the time for them to reap the benefits of the types of economies and operating leverage that a focused vendor can provide.”
“We believe the product and deployment model fit well in an environment where firms are seeking scale and stronger operational controls for key businesses, while lowering the cost of technology ownership,” added Liotta.
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