INTL FCStone launches prime brokerage division 24 April 2019New York Reporter: Maddie Saghir
Image: Shutterstock
INTL FCStone has launched a prime brokerage division, offering custody, self-clearing, multi-asset prime brokerage, execution and outsourced trading.
The new division will also introduce clearing services for hedge funds, mutual funds, and family offices.
The prime brokerage division will offer a flexible platform to more effectively execute trades, custody, and clearing for the US and global equities, options, futures, foreign exchange, and fixed income through INTL FCStone.
Based in Atlanta, the prime brokerage team within INTL FCStone will be led by managing directors and co-heads, Douglas Nelson, Michael DeJarnette and Nicholas DeJarnette.
Commenting on the launch, Nelson said: "INTL FCStone has long been a leader in clearing and trade execution, and we are pleased to offer firms an accompanying multi-asset prime brokerage option.”
“These new services will allow firms operating on legacy systems to benefit from our cutting-edge technology and streamlined cloud-based solutions, providing better service, flexibility, efficiency, and simplicity," Nelson added.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 