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Newedge launches enhanced FX prime brokerage platform

Tuesday, October 09, 2012
Opalesque Industry Update: Newedge announced today the launch of a new Foreign Exchange (FX) Prime Brokerage (PB) platform. While forex has been a part of the company’s suite of prime brokerage services for institutional clients, this enhanced version will provide institutional clients with access to the global currency market - the largest, most liquid market in the world.

Connectivity to the forex market’s electronic platforms has been significantly expanded, while the infrastructure supporting the processing of trades for managers and investors across multiple accounts and clearing brokers has been updated. This ensures Newedge clients are able to seamlessly execute their FX trading strategies and benefit from significant cross-margining opportunities.

“Newedge’s FX offering, coupled with our wider capabilities as a leading prime broker and global futures commission merchant (FCM), provides hedge fund managers and institutional investors with the most efficient platform to support their FX and multi-asset business,” said Jasper Chua, Associate Director, Origination & Structuring at Newedge.

“The prime brokerage space is a highly competitive market,” said Andrew Waterworth, Global Head of Fixed Income and Currency Strategies at Newedge. “The investment in new technology we have undertaken and the expertise of our talented prime brokerage team will ensure that Newedge continues to provide industry leading prime brokerage services that give clients the strongest agency-based FX PB platform, which is closely integrated across all asset classes.”

Newedge’s multi-asset prime brokerage offering provides services across global exchanges, instruments and asset classes with a detailed knowledge of hedge fund and CTA trading strategies, their structures, operational set-up and investor objectives.

Newedge

Press Release

BM

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