BTIG, a broker-dealer catering to the alternative investment space, has added J.P. Morgan Clearing to its prime brokerage platform as clearing agent and custodian.
J.P. Morgan Clearing is the second clearing agent and custodian on BTIG’s platform, the first being Goldman Sachs Execution & Clearing. Brian Petitt, co-head of prime brokerage at BTIG, says being able to offer both helps BTIG “stay ahead of our competition and provide the best possible solutions for our clients.”
Established eight years ago, BTIG’s prime brokerage division is used by over 300 investment managers as their prime brokerage.
Justin Press, co-head of prime brokerage at BTIG, said, “We are very excited to add J.P. Morgan to our platform. I can’t think of two better custodial providers in the market. Both J.P. Morgan and GSEC have a long history in prime brokerage and both support the introducing broker market.”
BTIG, including through its affiliates, employs more than 400 professionals in five different countries.