Direct Access Partners Taps Stutman To Lead Prime Unit, Adds Enhanced Services

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.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.