Convergex Prime Services Enhances Securities Lending Offering

Feb 11 2016 | 9:44pm ET

Global brokerage and trading services provider Convergex has announced an enhancement of the securities lending offerings within its Convergex Prime Services unit.

The enhancement adds fully-paid-for lending capabilities, allowing investors to potentially generate additional income in their portfolios, according to the company. 

By integrating with Convergex's Global Clearing, Convergex Prime Services is able to offer an enhanced securities lending offering to its larger hedge fund clients and third party institutional investors, while aggressively seeking the most competitive rates available.

"At Convergex, our securities lending professionals seek to ensure that every client receives the maximum value for their securities loaned," said Doug Nelson, Convergex executive managing director and head of global clearing and prime services. "In addition to monitoring our client positions throughout the day, all loans are fully collateralized and marked to market," said Nelson. 

The company's Prime Services unit provides integrated prime services to hedge funds, family offices, mutual funds, and RIAs. Its execution solutions include direct market access platforms, multiple custody and clearing options, trade analytics, access to securities lending providers, and capital introduction services. 

New York-based Convergex is an agency-focused global brokerage and trading-related services provider serving early 3,000 clients and accessing over 100 global market centers. The company’s Prime Services unit provides integrated prime services to hedge funds, family offices, mutual funds, and registered investment advisors.


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