Convergex Prime Services Adds Advanced Capabilities for Investors

By CIOReview | Wednesday, March 2, 2016

NEWYORK, NY: Convergex Prime Services, a provider of advanced pre- and post-trade analytics, capital introduction services and direct market access (DMA) platforms enhances its current securities lending offerings by adding ‘fully-paid’ for advanced capabilities. The enhancement will allow investors to potentially generate additional income in their portfolios. The team favors in opening and monitoring accounts, cross referencing securities and customized reporting capabilities; Integrated with Convergex’s Global Clearing, proffers an improved securities lending offering to its hedge fund clients and third party institutional investors.

The Prime Services is a comprehensive suite of analytics and reporting which includes daily, weekly, monthly, quarterly, and yearly client data, and statements. In addition, a consolidated performance and risk report across multiple accounts is possible through Prime Services. Convergex also provides additional resources to clients for fund sales and marketing strategies help identify potential investors and make introductions. On the other hand, Global Clearing is a cost-effective and efficient platform with advanced, global equities clearance capabilities, helps clients to easily interact with their data.

"In addition to monitoring our client positions throughout the day, all loans are fully collateralized and marked to market," says Doug  Nelson, Executive Managing Director and Head of Global Clearing and Prime Services, Convergex.

Recently, Convergex Prime Services has entered into a clearing agreement with INTL FCStone Financial, allowing Convergex to deliver FCStone's futures execution capabilities and prime brokerage platform to the clients. The agreement grants Prime Service clients, a 24-hour trading access and full portfolio and risk reporting features specifically to larger hedge fund managers.