Global Prime Partners uses Liquid for P&L 04 October 2013New York Reporter: Georgina Lavers
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Global Prime Partners will offer a new platform to its portfolio of existing European clients, as well as all new prime brokerage clients.
The platform will be provided by Liquid, which provides trade order and execution management, real-time risk, reporting and shadow accounting solutions for financial services firms.
Global Prime Partners has now become the exclusive prime brokerage partner of Liquid in Europe. Global Prime Partners has also selected the Liquid platform to monitor its firm-wide risk exposure to its prime brokerage clients, including hedge funds and other asset managers.
It hopes that the platform will provide Global Prime Partners’ clients with technology to help decide what to trade, place the trade, monitor compliance and risk, aggregate exposures, track and report profit and loss and performance, and reconcile trades in one place.
“Global Prime Partners has significant penetration with emerging hedge funds and will be a premier partner for Liquid going forward. We are thrilled to be working together as we are both uniquely focused on providing comprehensive and secure mission critical services to help accelerate the growth of hedge fund managers with a strong pedigree,” said Brian Storms, CEO of Liquid.
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