INTL FCStone has launched a prime brokerage division, which offers custody, self-clearing, multi-asset prime brokerage, execution and outsourced trading.
It also introduces clearing services for hedge funds, mutual funds, and family offices.
The prime brokerage division will offer a flexible platform to more effectively execute trades, custody, and clearing for the US and global equities, options, futures, foreign exchange (FX), and fixed income through INTL FCStone.
Based in Atlanta, the prime brokerage team within INTL FCStone will be led by Douglas Nelson, managing director and co-head, prime brokeragre, Michael DeJarnette, managing director and co-head, and Nicholas DeJarnette, managing director and co-head.
Nelson commented: "INTL FCStone has long been a leader in clearing and trade execution, and we are pleased to offer firms an accompanying multi-asset prime brokerage option.”
“Our model couples sophisticated technology with direct clearing capabilities, combined with introduced clearing options, to enable clients to evolve without having to establish separate prime relationships.”
“These new services will allow firms operating on legacy systems to benefit from our cutting-edge technology and streamlined cloud-based solutions, providing better service, flexibility, efficiency, and simplicity.”
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