Credit Suisse Announces the Launch of Advanced Prime(SM).As part of Prime Services offerings, Advanced Prime(SM) will give Hedge Funds efficient access to the multi-prime market beyond a single prime technology platform NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Credit Suisse today announced the launch of Advanced Prime(SM), the market's first platform for hedge funds to efficiently access the multi-prime market and its most advanced capabilities. The new platform allows hedge funds to operate and grow their businesses without the constraint of a "single-prime" technology platform that restricts funds to only one prime broker. "With this rollout we are again aiming to meet both the current and emerging needs of our hedge fund clients," said Philip Vasan, Global Head of Credit Suisse Prime Services. "The platform is designed to help our clients achieve new levels of efficiency and provide them with access to both the Credit Suisse global network and the power of the market." The open architecture technology aggregates multiple prime broker feeds at either a third-party hosted site or within the client's environment, streamlining their technology infrastructure and support costs as Credit Suisse centrally provides functions core to most hedge-funds. Advanced Prime(SM) incorporates expert consulting and implementation services on network design, process automation and business continuity. The technology platform includes: * Multi-asset class, multi-currency order management system (OMS OMS - Opportunity Management System ) with real-time profit and loss capability * Connectivity to execution management systems (EMS) * Risk management and portfolio analytics engine * Market standard Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. portfolio accounting system * Enterprise level global security master and price master applications * Customizable data-warehouse with advanced reporting capabilities * Integration with modeling systems for derivatives pricing and portfolio rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting The support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services platform includes: * Trade capture and settlement * Reconciliation and break resolution * Corporate action services * Reference data management * Collateral management * OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). derivatives processing A host of best of breed vendors, all strategically aligned with Credit Suisse, provide key components of Advanced Prime(SM), including Paladyne Systems LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Viteos Capital Markets LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . About Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. |
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