Direct Access Partners is optimally positioned to address the entire spectrum of hedge fund clients – including start-ups, emerging funds and established managers
New York, N.Y. (PRWEB) September 14, 2010
Direct Access Partners LLC, the institutional agency-only brokerage firm providing multi-asset trade execution and support services, announced today that it will acquire EFX Prime Services, a division of First New York Securities, to enhance its rapidly growing Global Prime Services business. The new team complements Direct Access Partners’ Capital Raising Group, and provides hedge fund clients with an integrated capital introduction and capital raising platform – a unique offering among correspondent prime brokers.
The deal integrates the EFX Prime Services team into Direct Access Partners including Brian Stutman joining as Managing Director, Andrew Saunders who will lead the Capital Introduction program and, Geoff Webster who joins the Prime Operations Group.
“The addition of the EFX Prime team adds significant expertise, strong client relationships and a successful Capital Introduction program to our Global Prime effort,” said Direct Access Partners CEO, Ben Chinea. “Working with our proven Capital Raising team, Direct Access Partners is optimally positioned to address the entire spectrum of hedge fund clients – including start-ups, emerging funds and established managers.”
Direct Access Partners Global Prime Services provide a single point of contact for both back-office operations and technology and allows clients to opt for either a single or multi-prime solution with best-of-breed custodians. Direct Access Partners’ clients have access to a comprehensive service offering including multi-asset execution in over 100 global markets, independent research, corporate access, securities lending, capital introduction, capital raising and strategic business consulting.
About Direct Access Partners LLC
Direct Access Partners LLC is an independent agency-only brokerage firm offering clients complete anonymity and non-conflicting multi-asset execution in more than 100 markets over an open architecture trading platform. We serve a diverse range of institutional clientele both domestically and around the world including (but not limited to) hedge funds, mutual funds, registered investment advisors and public and corporate pension funds. Direct Access Partners is a member of NYSE Euronext, MSRB, FINRA, SIPC, and a certified minority-owned business enterprise. For more information about Direct Access Partners please go to our website at http://www.daptrading.com.
Contact: Jeanne Hoff