NEW YORK, Dec. 6, 2016 /PRNewswire/ -- ING Financial Markets LLC has launched a synthetic prime brokerage platform to provide global, cross-asset portfolio swap products offering the functionality and sophistication of a traditional prime brokerage service.
"We offer the flexibility of a multi-asset portfolio swap which is operationally efficient, streamlined and provides additional collateral and portfolio margin benefits," said Michael Baudo, Regional Head of Financial Markets Americas and Global Head of Securities Finance. "We are excited to launch a platform that differentiates itself and adds value to clients while drawing upon the more than 20 years of experience our team has been providing securities finance solutions to the market."
ING has traditionally offered its alternative investment management clients synthetic portfolio solutions through its legacy contract for differences (CFD) platform. In its initial launch phase, this platform will be managing and executing all balance sheet, back office and administrative functions associated with derivative exposure to equities. In the next phase, functionality will include fixed income and additional asset classes in line with ING's clients' needs.
ING FINANCIAL MARKETS LLC - PROFILE
ING Financial Markets LLC, an S&P A+ rated broker-dealer, is registered with the U.S. Securities and Exchange Commission and is a member of the NYSE, FINRA and SIPC. ING Financial Markets LLC provides securities sales and trading services across a wide range of financial markets products including Securities Finance, U.S. Rates and Credits, FX, Money Markets, Fixed Income sales and trading, and Equity Derivatives to ING's corporate and institutional clients.
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SOURCE ING Financial Markets LLC