Prime Brokerage Software
Prime Broker Investments in Software
Prime Brokerage is very competitive and industry players are always looking for an edge.
Traiana is an example of a provider of financial technology used by banks worldwide and prime brokers involved in the foreign exchange industry. The company has recently been selected to assist ABN AMRO by providing technological enhancements for use in their developing FX prime brokerage service. Traiana, is headquartered in San Mateo, California, with offices in New York, Chicago, London, and Tel Aviv. Customers include ABN AMRO, AIG Trading, CSFB, Deutsche Bank, JP Morgan Chase, Morgan Stanley, and Societe Generale. Source
In a bid to gain market share in the ultracompetitive prime brokerage market, Credit Suisse First Boston has added a customized risk assessment and trading system to its prime brokerage unit. The new system will allow CSFB to provide its institutional clients with risk assessment across their holdings in the equity, fixed income, foreign exchange and derivatives markets, according to Philip Vasan, global head of prime services. CSFB has been considering systems to accomplish this for more than a year, he said.
Recently, Advent Software has been selected by Jefferies & Company Inc., a top tier global investment bank and institutional securities firm, to provided their Advent’s Geneva® to help in management of Jefferies’ growing prime brokerage offerings. Advent Geneva® now serves eight out of ten of the top prime brokerage firms worldwide and is innovative beyond competitors as to its global investment management and accounting platform. Source
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