Larry Goldsmith
Director of Operations
(212) 349-9078
(800) 627-5623
What is Prime Brokerage?
- What
- Why
- How
What is prime brokerage? - Prime brokerage facilitates the clearance and settlement of securities traded by active market participants. Prime brokerage involves three parties:
- Customer - typically a substantial institutional or individual investor.
- Executing Broker - executes the trade for the customer.
- Prime Broker - settles, clears, and finances the customer trades executed by one or more executing brokers.
Speak to a Prime Brokerage Representative:
Prime Brokerage
Triad Securities Corp. (member of SIPC) provides personalized prime broker services to over 300 accounts through a centralized group of trained prime brokerage specialists who address all your U.S. and international clearing, financing and support needs. Triad provides comprehensive prime broker services to accounts across all asset sizes and specializes in the smaller hedge funds and trading groups ($100 million or less) who could be neglected by the larger prime brokers.
Triad's prime brokerage allows the customer to use the services of multiple prime brokers, while receiving one consolidated account statement via Triad's proprietary web based reporting.
As a Triad client, you communicate with an individual contact person, one who understands your specific brokerage needs. You speak with a real person - never a voicemail!
Triad introduces its customer accounts on a fully disclosed basis to Jefferies & Company, Inc. (NYSE symbol: JEF) and Penson Worldwide, Inc. (Nasdaq symbol: PNSN). Triad's accounts are domiciled both at Jefferies & Company, Inc. and Penson Worldwide, Inc. and are protected by SIPC and excess SIPC (Jefferies, Penson). Our clients enjoy the benefits of major institutional clearing firms, while taking advantage of our personalized customer service.