NEW YORK, May 21, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of a single real-time platform that integrates order, execution, and risk management with reporting and shadow NAV in the cloud for the financial services community today announced that the company has signed a joint marketing agreement with ConvergEx Prime Services LLC, the prime services division of ConvergEx Group LLC. Under the terms of the agreement, 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.
"We are thrilled to work with ConvergEx Prime Services, one of the leading names in the prime brokerage industry, because we share a common commitment – empowering hedge funds to build more successful, long-term businesses through smarter solutions," said Brian Storms, CEO of Liquid. "We look forward to providing their clients with the kind of superior technology and service they would expect of a ConvergEx partner."
"We are impressed with the Liquid platform and are excited to introduce it to our clients and prospects," said Douglas Nelson, CEO of ConvergEx Prime Services. "The platform's convergence of cloud technology and real-time investment management capabilities will help our clients to address the complex range of challenges they face from a trading and risk perspective while also meeting investor demands for transparency and institutional credibility."
The Liquid platform is a smarter, simpler solution for fund managers - freeing up their time to manage investments by eliminating unnecessary and outdated infrastructure, and time-consuming middle-office processes.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.
About ConvergEx Group
ConvergEx Group is a leading 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.
ConvergEx Group includes ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC); LiquidPoint, LLC (member CBOE/SIPC); G-Trade Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); ConvergEx Prime Services LLC (member FINRA/SIPC); ConvergEx Solutions LLC, of which ConnEx, Jaywalk and LDB are divisions; and ConvergEx Limited in the UK. ConvergEx Group, LLC is a subsidiary of ConvergEx Holdings, LLC. Additional information is available at www.convergex.com.
About Liquid Holdings Group
Liquid Holdings Group, Inc. (Nasdaq:LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating multi-currency, multi-asset trade order management and execution with real-time risk, portfolio management and shadow account reporting through a single solution. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions worldwide. Headquartered in New York City, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com.
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Source: Liquid Holdings Group, Inc.