Fri, Jan 20, 2017
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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised