NEW YORK--(BUSINESS WIRE)--Direct Access Partners, LLC, the customer-focused, multi-asset trading partner to a diverse range of clients including pension funds, mutual funds, hedge funds and RIAs, today announced a major enhancement to the Global Prime Services platform. The comprehensive offering provides an optimal solution for hedge funds with under $500 million in assets under management.
Direct Access Partners is one of a few correspondent brokers to Goldman Sachs Execution and Clearing. Complementing the Global Prime Services platform is a robust offering with Pershing, a unit of Bank of New York. Clients may choose among a broad selection of DMA platforms including Knight Trader and Redi+. Client service is provided by the operations specialists at Direct Access Partners.
“With these enhancements and new leadership, the Direct Access Partners Global Prime Services platform is on par with our world-class institutional trading business,” said Ben Chinea, CEO of Direct Access Partners. “Prime clients gain access to our value-added services including corporate access, commission management and access to independent research.”
Spearheading the new offering is Brian Stutman, a 12 year veteran of the correspondent prime brokerage industry. Stutman said, “The Direct Access Partners Global Prime Services is perfectly suited to partner with small and mid-sized hedge funds. We have the trading expertise of the NYSE floor, upstairs and DMA platforms, operational expertise combined with unparalleled marketing acumen and relationships of our Capital Alternatives Group. Our partnership approach will help our clients reach their marketing, operational and trading objectives.”
About Direct Access Partners, LLC:
Direct Access Partners, LLC is a customer focused, multi-asset class trading partner to a broad range of clients. Direct Access Partners clears and executes in 115 international markets providing anonymity through a diverse set of high-touch and electronic execution options. Direct Access Partners has offices in New York, Boston, Miami and a significant presence on the NYSE trading floor.
The firm has a strong operational foundation and technology platform and provides a wide range of trading-related services including prime brokerage, corporate access, independent research and commission management. The Capital Alternatives Group offers hedge fund clients a unique, integrated capital introduction and capital raising solution. The high-touch/high-tech approach powered by the firm’s entrepreneurial spirit characterize Direct Access Partners’ successful independent brokerage model.
Direct Access Partners received Minority Business Enterprise (MBE) status in 2007 and is certified by numerous states, county and cities as well as maintains active membership in numerous regional minority business councils.
For more information about Direct Access Partners, please refer to our website at www.daptrading.com.