Scotiabank picks PrimeOne
18 september 2012 New York
Image: Shutterstock
Scotiabank is expanding its prime brokerage operations with PrimeOne Solutions's platform in a bid to attract more hedge fund business.
PrimeOne Solutions offers technology solutions to prime brokers, covering a spectrum of capabilities including transaction processing, position keeping swaps, equity finance, and margin for firms operating prime finance globally.
John Stracquadanio, global head of prime services for Scotiabank said: 鈥淓xpansion of the prime services business in the US is a critical strategic initiative for Scotiabank鈥檚 global banking and markets division. We selected the PrimeOne platform because we were confident that it met our clients鈥� current and emerging needs. We were quite satisfied to see the project completed and the platform enabled in the timeframe we required.鈥�
The project took eight months to complete and includes end-to-end prime finance capabilities, servicing Scotiabank's prime services clients in the US marketplace.
鈥淲e built the PrimeOne business with companies like Scotiabank in mind, delivering comprehensive and advanced capabilities in a more efficient manner within a quantifiable budget,鈥� said EJ Liotta, global head of PrimeOne Solutions.
鈥淲e鈥檙e driven by delivering a continuous stream of innovative products and services to a marketplace that has traditionally had to build their own technology, at great expense, to service prime brokerage operations.鈥�
PrimeOne Solutions offers technology solutions to prime brokers, covering a spectrum of capabilities including transaction processing, position keeping swaps, equity finance, and margin for firms operating prime finance globally.
John Stracquadanio, global head of prime services for Scotiabank said: 鈥淓xpansion of the prime services business in the US is a critical strategic initiative for Scotiabank鈥檚 global banking and markets division. We selected the PrimeOne platform because we were confident that it met our clients鈥� current and emerging needs. We were quite satisfied to see the project completed and the platform enabled in the timeframe we required.鈥�
The project took eight months to complete and includes end-to-end prime finance capabilities, servicing Scotiabank's prime services clients in the US marketplace.
鈥淲e built the PrimeOne business with companies like Scotiabank in mind, delivering comprehensive and advanced capabilities in a more efficient manner within a quantifiable budget,鈥� said EJ Liotta, global head of PrimeOne Solutions.
鈥淲e鈥檙e driven by delivering a continuous stream of innovative products and services to a marketplace that has traditionally had to build their own technology, at great expense, to service prime brokerage operations.鈥�
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