Liquid Holdings Group, Inc. (NASDAQ: LIQD) said it has signed a joint marketing agreement with ConvergEx Prime Services LLC, in which 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.
The Liquid platform is a solution for fund managers that frees up their time to manage investments by eliminating unnecessary and outdated infrastructure, and time-consuming middle-office processes. Unlike other solutions, the platform is purpose-built for alternative asset managers, powered by a proprietary cloud, and backed by managed services. Moving to a single, real-time environment across trading, portfolio and risk management, investor reporting, and shadow NAV helps managers drive better insights into portfolio performance while institutionalizing their businesses with repeatable, secure controls over disaster recovery, business continuity, data management, and broker reconciliations.
ConvergEx Group is a provider of global brokerage and trading-related services for institutional investors and financial intermediaries. ConvergEx combines client-first service with innovative products, sophisticated strategies and proprietary technology to meet the challenges of increasingly dynamic and fast-paced markets. Headquartered in New York with a presence in several other key locations including London, Chicago, San Francisco, Boston and Atlanta, the company serves more than 3,000 clients accessing over 100 global market centers.
Liquid Holdings Group is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. For more information, visit www.liquidholdings.com.