NEW YORK--()--PrimeOne Solutions, a division of CoreOne Technologies, today announced the availability of SwapCloud, a Multi Asset Class Swap system, covering Equities, Converts, Corporates, Sovereign Debt, Futures, P-Notes, and ADR's. SwapCloud is a comprehensive system designed to consolidate swaps across multiple prime brokers and provide the foundation for all swap trading activities, including regulatory reporting infrastructure for Dodd-Frank, HIRE Act and FACTA.
“We are excited to be the first provider to deliver a swap application to the buy-side”
“We are excited to be the first provider to deliver a swap application to the buy-side,” said EJ Liotta, Global Head of PrimeOne Solutions. “We believe the market is ready to enhance its level of operational controls and implement a robust and scalable technology strategy that addresses the regional complexities of the swap markets.”
“The uniqueness of the product, coupled with the cloud-based deployment model, fits well in an environment where firms are looking for a safe and speedy response to global regulatory demands, while seeking the lowest cost of technology ownership,” continued Liotta.
SwapCloud is deployed by PrimeOne and is live with clients across Asia, Europe and North America.
About PrimeOne Solutions
PrimeOne Solutions, a division of CoreOne Technologies, is the only firm in the world offering a complete set of hosted technology solutions for global prime brokers. PrimeOne’s products cover a broad spectrum of capabilities including transaction processing, booking, accounting, swaps, equity finance, margin and stock loan for firms operating prime brokerage/finance business globally. PrimeOne delivers its proven solutions with a veteran team of industry experts based in New York, London and Hong Kong.
About CoreOne Technologies
CoreOne Technologies develops technology enabled service businesses, delivering powerful solutions to firms operating in capital markets. CoreOne targets growth opportunities, as firms implement their post credit crisis operating models. Executing its strategy through a mix of technologies acquired from leading financial institutions, coupled with its internally developed frameworks, CoreOne is armed to deliver proven capabilities in a hosted fashion, through its cutting edge divisions PrimeOne, DeltaOne and VistaOne.
Headquartered in New York, CoreOne serves over 500 financial institutions through its worldwide locations.