Direct Access Partners announces Global Prime enhancements
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Direct Access Partners announces Global Prime enhancements 02 March 2011New York Reporter: Steven Lafferty
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Direct Access Partners, LLC, has announced a major enhancement to the Global Prime Services platform. The comprehensive offering provides an optimal solution for hedge funds with under $500 million in assets under management.
Direct Access Partners is one of a few correspondent brokers to Goldman Sachs Execution and Clearing. Complementing the Global Prime Services platform is a robust offering with Pershing, a unit of Bank of New York. Clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+. Client service is provided by the operations specialists at Direct Access Partners.
“With these enhancements and new leadership, the Direct Access Partners Global Prime Services platform is on par with our world-class institutional trading business,” said Ben Chinea, CEO of Direct Access Partners. “Prime clients gain access to our value-added services including corporate access, commission management and access to independent research.”
Spearheading the new offering is Brian Stutman, a 12 year veteran of the correspondent prime brokerage industry. Stutman said, “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds. We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group. Our partnership approach will help our clients reach their marketing, operational and trading objectives.”
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