Fri, Feb 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

PrimeOne solutions launches, Scotiabank adopts prime brokerage platform

Monday, September 17, 2012
Opalesque Industry Update: CoreOne Technologies, the leading global provider of financial data creation, aggregation management and distribution services, today launched PrimeOne Solutions, a business unit that offers an end-to-end global prime brokerage technology and services platform. In addition, PrimeOne announces that Scotiabank, Canada’s most international bank, has officially begun operating on the platform for both Reg T., enhanced prime finance and synthetic prime.

With the launch of PrimeOne Solutions, CoreOne Technologies now offers physical and synthetic prime brokerage, and securities lending operating platforms to go along with their current stable of cutting-edge financial systems.

“Expansion of the Prime Services business in the US is a critical strategic initiative for Scotiabank’s Global Banking and Markets division. We selected the PrimeOne platform because we were confident that it met our clients’ current and emerging needs. We were quite satisfied to see the project completed and the platform enabled in the timeframe we required,” said John Stracquadanio, Global Head of Prime Services for Scotiabank.

“We built the PrimeOne business with companies like Scotiabank in mind, delivering comprehensive and advanced capabilities in a more efficient manner within a quantifiable budget,” said EJ Liotta, Global Head of PrimeOne Solutions. “The new PrimeOne platform provides both new entrants and existing players in the prime sector advanced capabilities, which were previously achieved through proprietary development by a select group of bulge bracket institutions.”

PrimeOne’s eight-month implementation for Scotiabank was tailored to best serve the bank’s hedge fund clients in the US marketplace. Scotiabank chose PrimeOne’s fully hosted solution, including third party applications and is already delivering robust, end-to-end prime brokerage and prime finance capabilities.

PrimeOne Solutions is a unique technology enterprise, leveraging proven systems acquired from leading investment banks, and delivered by a veteran team of industry practitioners as hosted services. The newly launched platform offers a full spectrum of bundled and unbundled services including equity finance, stock loan, physical and synthetic prime; and accommodates the most complex business requirements such as arranged finance, asset-based billing, tri-party, re-hypothecation and risk-based margin.

“By delivering a mix of proven functionality with a modern, utility-based deployment model, PrimeOne Solutions can slash both time to market and operating costs by up to 90%,” added Liotta.

PrimeOne Solutions

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th