Equity swap platform provides low-cost, hosted solution for global prime brokers
NEW YORK--(BUSINESS WIRE)-- PrimeOne Solutions, a division of CoreOne Technologies, today announced the rollout of its new equity swap platform, SynPrime, a synergistic addition to its industry leading set of hosted prime finance technology solutions. SynPrime was developed by a team of industry experts to provide investment banks and hedge funds with all aspects of managing and valuing synthetic trading activities, including robust financing capabilities, P&L, dividend workflows, resets and commissions.
“Most financial firms have traditionally built swap systems internally,” said EJ Liotta, Global Head of PrimeOne Solutions. “The market environment has permanently changed this strategy for firms, and now is the time for them to reap the benefits of the types of economies and operating leverage that a focused vendor can provide.”
“We believe the product and deployment model fit well in an environment where firms are seeking scale and stronger operational controls for key businesses, while lowering the cost of technology ownership,” added Liotta.
SynPrime is deployed by PrimeOne as a hosted solution, and is live with clients across Asia, Europe and North America.
About PrimeOne Solutions
PrimeOne Solutions, a division of CoreOne Technologies, is the only firm in the world offering a complete set of hosted technology solutions for global prime brokers. PrimeOne’s products cover a broad spectrum of capabilities including transaction processing, booking, accounting, swaps, equity finance, margin and stock loan for firms operating prime brokerage/finance business globally. PrimeOne delivers its proven solutions with a veteran team of industry experts based in New York, London and Hong Kong.
About CoreOne Technologies
CoreOne Technologies develops technology enabled service businesses, delivering powerful solutions to firms operating in capital markets. CoreOne targets growth opportunities, as firms implement their post credit crisis operating models. Executing its strategy through a mix of technologies acquired from leading financial institutions, coupled with its internally developed frameworks, CoreOne is armed to deliver proven capabilities in a hosted fashion, through its cutting edge divisions PrimeOne, DeltaOne and VistaOne.
Headquartered in New York, CoreOne serves over 500 financial institutions through its worldwide locations.
Kwittken & Company
Cindy Stoller, + 1-646-747-0143
Source: CoreOne Technologies