Saturday, 23 August 2014
Last updated 1 day ago
Aug 1 2011 | 2:05pm ET
Institutional brokerage and hedge fund services provider Concept Capital Markets will acquire the broker-dealer Alaris Trading Partners in a deal the terms of which have not been disclosed.
The combined company will offer institutional brokerage services to hedge funds, asset managers, and registered investment advisers on a global basis. Through strategic alliances with major securities industry firms, Concept offers clients services including multi-prime brokerage, financing, institutional reporting, outsourced middle and back office services, risk management and direct access and voice brokerage.
Alaris will be fully integrated with Concept by the end of the third quarter.
“Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our customers with an expanded offering” said Jack Seibald, co-founder and senior managing director of Concept Capital. “Alaris is a well established, fast-growing firm with a very strong sales and operations team, and an enviable track record.”
“This is a tremendously important step for us,” said Patrick Boyle, Alaris CEO and cofounder. “Concept’s product offering, in particular its expertise in risk management, both on an intraday and end of day basis, gives us a service offering that positions us to better serve existing clients and now compete for larger ones."
Concept Capital, which was spun out of Sanders Morris Harris in 2010, is headquartered in Garden City, New York and operates branch offices in New York City; Greenwich, Connecticut; Chicago, Illinois; and Bernardsville, New Jersey.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note