Global Prime Partners and Liquid Holdings Group to Deliver Comprehensive Cloud-Based Platform to Emerging European Hedge Fund Managers
NEW YORK and LONDON, Oct. 3, 2013 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. "Liquid" (Nasdaq:LIQD), a provider of an integrated, next-generation trade order and execution management, real-time risk, reporting and shadow accounting solution for the financial services community, today announced that Global Prime Partners will offer the Liquid platform to its significant portfolio of existing European clients as well as all new prime brokerage clients, becoming the exclusive prime brokerage partner of Liquid in Europe. Global Prime Partners has also selected the Liquid platform to monitor its firm-wide risk exposure to its prime brokerage clients, including hedge funds and other asset managers.
Global Prime Partners will gain access to the Liquid platform's rich set of real-time front-office and data management services powered by Liquid's private cloud, providing their clients with state-of-the-art technology to help decide what to trade, place the trade, monitor compliance and risk, aggregate exposures, track and report P&L and performance, and reconcile trades in one place.
"As an industry recognized leader of prime brokerage services in the UK and the rest of Europe, including being named as IHFA and HFM 2013 Best Boutique European Prime Broker of the year, Global Prime Partners has significant penetration with emerging hedge funds and will be a premier partner for Liquid going forward. We are thrilled to be working together as we are both uniquely focused on providing comprehensive and secure mission critical services to help accelerate the growth of hedge fund managers with a strong pedigree," said Brian Storms, CEO of Liquid.
"We are excited to partner with Liquid and offer its Liquid platform to our clients. Hedge funds are looking to us to provide new tools, solutions and knowledge to generate alpha, and the Liquid platform enables us to offer through a single real-time platform with rich capabilities across trading, risk management and reporting in a secure cloud environment, that we believe will greatly benefit our rapidly expanding universe of clients in Europe." said Julian Parker, CEO of Global Prime Partners. "The platform's flexibility allows us to address our in-house requirements as well, serving as our central platform to monitor firm-wide risk exposure across our client base."
In addition to cost savings and operational efficiencies, the benefits of the Liquid platform include fast activation, rapid delivery of innovation as well as real-time pre- and post-trade risk monitoring and reporting, all powered by cloud computing.
Global Prime is a global provider of prime brokerage and trading services to hedge funds, asset managers, family offices and professional traders. GPP use a state of the art technology platform, robust operational infrastructure and a wide reaching marketing network to provide highly personalised and institutional strength services to its clients, with a focus on smaller firms that are overlooked and underserviced by the 'bulge bracket' prime brokers. For further info: http://www.globalprimepartners.com/
About Liquid Holdings Group
Liquid Holdings Group, Inc. (Nasdaq:LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating multi-currency, multi-asset trade order management and execution with real-time risk, portfolio management and shadow account reporting through a single solution. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions worldwide.
Headquartered in New York City with offices in London and Aventura, Florida, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com
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Source: Liquid Holdings Group, Inc.