NEW YORK, Jan. 23, 2014 /CNW/ - PrimeOne Solutions, a division of CoreOne Technologies, has released an end-to-end solution for Canadian Prime Brokers, accommodating the specific interfaces and regulations of the Canadian securities ecosystem. PrimeOne Canada offers packaged multi-asset class systems and integration to various downstream systems for straight-through processing, including seamless settlement via CDS (Canadian Depository for Securities), as well as, industry standard financial control systems in Canada for margin, accounting and risk management. Additionally, PrimeOne is set up for facilitation of tri-party relationships for collateral held outside of the Prime Broker. Other features include multi-platform and multi-currency client and MIS reporting over the web, mobile or print channels.
Chris Chanod Head of Business Development for PrimeOne says, "It's no secret Canadian Banks have become desirable counterparties for hedge funds. As Canadian banks have stepped in they are keen to leverage our platform we packaged for Canada, in order to reduce the cost and increase the speed-to-market entering the space or increasing their footprint. Our unique offering of a hosted, managed service for cash and synthetic prime brokerage and prime finance capabilities offers a flexible entry into a lucrative market."
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 products cover a broad spectrum of capabilities including transaction processing, booking, accounting, swaps, equity finance, margin, and stock loan for firms operating 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 delivers proven capabilities in a hosted fashion, through its cutting-edge divisions PrimeOne, VistaOne and DeltaOne.
Headquartered in New York, CoreOne serves over 500 financial institutions throughout its worldwide locations.
SOURCE: PrimeOne Solutions
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