ConvergEx to use Liquid platform 23 May 2014New York Reporter: Stephen Durham
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Liquid Holdings Group has signed a joint marketing agreement with ConvergEx Prime Services LLC, the prime services division of ConvergEx Group LLC.
Under the terms of the agreement, ConvergEx Prime Services will offer the Liquid platform as an option to its broad portfolio of prime brokerage clients including hedge funds, family offices, mutual funds and registered advisors, and Liquid will refer its clients to ConvergEx for prime brokerage services.
"We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment—empowering hedge funds to build more successful, long-term businesses through smarter solutions," said Brian Storms, CEO of Liquid.
"We look forward to providing their clients with the kind of superior technology and service they would expect of a ConvergEx partner."
ConvergEx claim that the Liquid platform allows fund managers to free up their time to manage investments by eliminating unnecessary and outdated infrastructure and time-consuming middle-office processes.
The platform is purpose-built for alternative asset managers, powered by a proprietary cloud and backed by managed services.
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