Newedge unveils FX and PB platform

Multi-asset brokerage and clearing provider Newedge has launched today a new foreign exchange and prime brokerage platform.

While forex has been a part of the company’s suite of prime brokerage services for institutional clients, this enhanced version will provide institutional clients with access to the global currency market.

The company said connectivity to the forex market’s electronic platforms has been significantly expanded, while the infrastructure supporting the processing of trades for managers and investors across multiple accounts and clearing brokers has been updated.

“Newedge’s FX offering, coupled with our wider capabilities as a leading prime broker and global futures commission merchant provides hedge fund managers and institutional investors with the most efficient platform to support their FX and multi-asset business,” said Jasper Chua, associate director of origination & structuring at Newedge.

Andrew Waterworth, global head of fixed income and currency strategies added that the prime brokerage space is a highly competitive market: “The investment in new technology we have undertaken and the expertise of our talented prime brokerage team will ensure that Newedge continues to provide industry leading prime brokerage services that give clients the strongest agency-based FX PB platform, which is closely integrated across all asset classes.”

Newedge’s multi-asset prime brokerage offering provides services across global exchanges, instruments and asset classes with a detailed knowledge of hedge fund and CTA trading strategies, their structures, operational set-up and investor objectives.

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