TS Imagine acquires S&P Global’s PrimeOne business
06 November 2024 US
Image: Naret/stock.adobe.com
S&P Global has completed the sale of its PrimeOne business to TS Imagine, a global cross-asset provider of trading, portfolio, and risk management solutions for financial institutions.
The transaction will include local closings in certain jurisdictions, which are expected to occur over the following few months.
PrimeOne became part of S&P Global following the firm’s merger with IHS Markit in 2022.
The solution offers services for prime brokerage and technology, as well as expertise in operational risk management, stock borrowing, lending, and margin management.
Commenting on the acquisition, TS Imagine CEO Rob Flately says: “Our acquisition of PrimeOne marks a significant milestone for the prime brokerage industry and enhances our existing robust platform for financial institutions.
“One key advantage for prime brokers will be the integration of PrimeOne's infrastructure with TS Imagine's existing RiskSmart platform, which will enhance real-time risk monitoring capabilities by leveraging comprehensive operational and financing data.
“All of this will mean more streamlined workflows and improved operational efficiency for prime brokers, ultimately reducing cost.”
The transaction will include local closings in certain jurisdictions, which are expected to occur over the following few months.
PrimeOne became part of S&P Global following the firm’s merger with IHS Markit in 2022.
The solution offers services for prime brokerage and technology, as well as expertise in operational risk management, stock borrowing, lending, and margin management.
Commenting on the acquisition, TS Imagine CEO Rob Flately says: “Our acquisition of PrimeOne marks a significant milestone for the prime brokerage industry and enhances our existing robust platform for financial institutions.
“One key advantage for prime brokers will be the integration of PrimeOne's infrastructure with TS Imagine's existing RiskSmart platform, which will enhance real-time risk monitoring capabilities by leveraging comprehensive operational and financing data.
“All of this will mean more streamlined workflows and improved operational efficiency for prime brokers, ultimately reducing cost.”
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