Friday, 19 September 2014
Last updated 13 hours ago
Mar 1 2011 | 8:40am ET
Direct Access Partners has appointed Brian Stutman as managing director and head of the firm’s global prime services unit, which now provides comprehensive custodial, trading and capital introduction service to small- and mid-sized hedge funds.
Direct Access Partners is a correspondent broker to Goldman Sachs Execution and Clearing, and through its relationship with Pershing, a unit of Bank of New York, clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+.
“With these enhancements and new leadership, the Direct Access Partners Global Prime Services platform is on par with our world-class institutional trading business,” said Ben Chinea, CEO of Direct Access Partners. “Prime clients gain access to our value-added services including corporate access, commission management and access to independent research.”
Stutman added, “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds. We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group. Our partnership approach will help our clients reach their marketing, operational and trading objectives.”
Last September, Direct Access Partners began the expansion its prime brokerage unit with the acquisition of EFX Prime Services, a division of First New York Securities.
Direct Access Partners clears and executes in 115 international markets. The firm has offices in New York, Boston, Miami and a significant presence on the NYSE trading floor.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.