Weeden Prime Services Introduces Its Entry To Outsourced Trading Services

GREENWICH, Conn.--(BUSINESS WIRE)-- Weeden Prime Services, LLC. (Weeden Prime), a leading prime brokerage service provider for hedge funds and family offices, announced this week that it has expanded their operations to include an outsourced trading services desk.

Joining Weeden Prime are industry veterans Patrick Connors, Dan Lilly and Eric Savitz. Mr. Connors and Mr. Lilly are pioneers in the outsourced trading industry, founding Greenwich Prime Trading as managing members in 2001. Mr. Savitz joined Greenwich Prime Trading the following year in June 2002 following in his father’s footsteps. His father, Barry Savitz, is considered the founder of outsourced trading and established the first outsourced desk at Furman Selz in 1993.

“Our 20 plus years of experience in outsourced trading and Weeden Prime’s outstanding offering to emerging and middle market hedge funds make a very powerful combination in the prime brokerage industry,” said Mr. Connors.

Mr. Connors brings 25 years of trading experience to the firm. Throughout his career, Mr. Connors has been focused on trading strategies for emerging and medium sized managers on a global basis. “Our team is extremely excited to be joining Weeden Prime’s first class operation.”

Mr. Lilly brings more than 20 years of experience to the firm. He has directly interfaced with clients focused on income and dividend strategies. “The addition of outsourced trading to the Weeden Prime platform offers an incredible opportunity to investment managers. We look forward to helping Weeden Prime continue to differentiate itself from the competition,” said Mr. Lilly.

Mr. Savitz brings 20 years of trading experience. “We welcome the opportunity to join a firm with a recognized brand and top industry reputation. Weeden Prime’s “customer first culture” will support our obligation to provide best execution and unmatched customer service,” commented Mr. Savitz.

Weeden Prime’s outsourced trading desk is designed to replicate the trading infrastructure and services needed by today’s buy-side money managers. A concentrated solution to replace the need to pay the increasing fixed costs associated with internal trading operations. “Many of our clients have been attracted to the firm’s ability to provide institutional level services including; custody and clearing with top tier counterparties; high-touch proactive account coverage; real-time proprietary risk systems and reporting, capital introductions and now an experienced team of outsourced traders,” said Andrew Formato, President of Weeden Prime Services, LLC.

About Weeden Prime Services, LLC. Weeden Prime is a technology-powered prime brokerage business focused on providing institutional quality services to hedge funds and family offices. With a focus on capital introduction and cutting edge technology, Weeden Prime has successfully created an ideal platform which clients can leverage in seeking to grow their businesses. Weeden Prime offers a comprehensive global platform that includes dynamic proprietary risk management and analytics technology (Armor), customizable trading applications, automated allocation technology and sophisticated portfolio reporting.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160920006354/en/

Weeden Prime Services, LLC.
Patrick Connors, 203-388-4800
Head of Outsourced Trading Operations
[email protected]
(m) 203-247-5110

Source: Weeden Prime Services, LLC.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Hayati® Expands Its Commitment to Responsible Business Through Hayati® For Nature
• Mobileforce Launches RevOps Partner Program, Agencies Deploy No-Code Quote-to-Cash for Clients
• Could $500 Become $50,000? 10 Tokens Battling to Become the Next 100x Meme Coin