Triad partners with Wedbush for clearing 08 February 2016New York Reporter: Mark Dugdale
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Triad Securities has added Wedbush Securities to its roster of clearers, further boosting the firm鈥檚 prime brokerage services.
The partnership with Wedbush through a new clearing agreement gives its clients a choice of multiple custodians, 鈥減roviding greater flexibility鈥�, as well as greater access to securities lending programmes, according to Triad.
Scott Daspin, director of prime brokerage sales, said his firm is always looking for new ways to alleviate the complexities of multiple primes.
鈥淚n the wake of Basel III, concerns about counterparty risk continue to rise and hedge funds are finding it more difficult to custody their assets in an environment of increased rules and regulation. Triad understands and addresses those concerns by providing a choice of multiple custodians.鈥�
Triad has also joined the Airex Market Partner (AMP) programme to give its clients access to financial applications, information and reports.
Daspin commented: 鈥淭riad is a global source for prime brokerage services, as well as for information on IPO and secondary offerings. As an AMP, Triad continues to enhance the way customers gain knowledge in these and other areas through our superior state-of-the art technology.鈥�
鈥淥ur new partnership with Airex is in keeping with that philosophy and allows our team and our clients to instantly find and purchase unique financial information and products.鈥�
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