Hedge Funds Club: Prime Broker pushes for market share as banks exit
Leading multi-asset prime brokerage business, Invast Global has rebranded to 26 Degrees, repositioning itself to gain market share in the billion-dollar industry as broker-dealers, hedge funds and family offices are left out in the cold by the shakeout in the prime brokerage market.
Prime services, estimated to be a US$20 billion industry, and once the domain of global investment bank behemoths, has become increasingly fragmented over the last five years. The number of global players is rapidly diminishing, with further reductions expected as providers implement the BASEL III/IV regulatory changes.
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26 Degrees talks CySEC licence, infrastructure, liquidity stress
26 Degrees executives spoke with FinanceFeeds Editor-in-Chief Nikolai Isayev about the continued expansion in the EMEA region as the Prime of Prime Broker’s subsidiary now holds a CySEC license and is powered by oneZero’s trading technology.
Media Coverage
Finance Feeds: at IFX Expo Asia James Alexander explains why Invast Global Rebranded to 26 Degrees
26 Degrees CCO James Alexander spoke with FinanceFeeds’ Editor-in-Chief Nikolai Isayev about the new name and brand of Invast Global at a time when the industry needs Prime of Prime brokers more than ever.
