FundBank Launches Introduced Prime Brokerage Services in Collaboration with Interactive Brokers

Rhea-AI Summary

FundBank announced the launch of Introduced Prime Brokerage Services in partnership with Interactive Brokers. This turnkey solution offers clients trading, clearing, custody, and reporting capabilities. Clients will have access to advanced trading technologies, comprehensive support, and cost-efficient trading. The collaboration aims to provide an unmatched and innovative client experience.

Expanding its suite of banking solutions, FundBank launches Introduced Prime Brokerage Services, and is poised to transform the institutional banking sector with its unmatched range of offerings tailored to the asset management industry.

GEORGE TOWN, Cayman Islands, Oct. 31, 2023 /PRNewswire/ -- FundBank announced today that it is launching Introduced Prime Brokerage Services through Interactive Brokers (NASDAQ: IBKR). This turnkey solution will provide clients with trading, clearing, custody and reporting capabilities whilst leveraging the advanced trading technologies of Interactive Brokers.  Clients will benefit from: 

• a comprehensive suite of solutions with trading, clearing, custody, and reporting capabilities, optimized by Interactive Brokers' state-of-the-art technology
• holistic support by FundBank including after sales, personalized banking and brokers services
• access to powerful and versatile trading technology and advanced trading tools to trade stocks, options, futures and more across more than 150 markets in 33 countries
• pre-trade compliance, real-time market-risk insights
• cost efficient trading with professional pricing
• IBKR BestXTM - a powerful suite of advanced trading technologies, designed to help clients achieve best execution and maximize price improvement, while minimizing market impact
• comprehensive support for global regulatory reporting including FATCA, MiFID II, AML, GDPR, and more.

Adam Rossiter, COO FundBank, Ltd. commented, "We are delighted to be working with a high calibre broker such as Interactive Brokers as we continue on our growth trajectory, expanding our offerings to deliver an unmatched and innovative client experience."

About FundBank

FundBank is an industry-leading institutional banking provider, delivering banking solutions to the asset management industry on a global scale.

As the needs of the funds industry are changing, so too have the requirements for banking relationships. At FundBank, we offer a full suite of banking services that are supported by industry-leading technology, for the asset management industry.

With an enhanced user experience supported by the FundBank Client Portal, we provide a simplistic approach to banking for investment funds and managers, allowing them more time to focus on what they do best, managing their portfolios and generating alpha.

For Media Enquiries:  marketing@fundbank.com

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SOURCE FundBank

FAQ

What is the new service launched by FundBank?

FundBank has launched Introduced Prime Brokerage Services.

Who is FundBank partnering with for this service?

FundBank is partnering with Interactive Brokers for Introduced Prime Brokerage Services.

What capabilities will be provided to clients through this solution?

Clients will have access to trading, clearing, custody, and reporting capabilities.

What trading technologies will clients have access to?

Clients will have access to powerful and versatile trading technology and advanced trading tools to trade stocks, options, futures, and more across more than 150 markets in 33 countries.

What support will FundBank provide to clients?

FundBank will provide holistic support, including after-sales, personalized banking, and broker services.

What regulatory reporting will be supported by FundBank?

FundBank will offer comprehensive support for global regulatory reporting, including FATCA, MiFID II, AML, GDPR, and more.

Who commented on the partnership?

Adam Rossiter, COO of FundBank, Ltd., commented on the partnership.

What is the goal of the collaboration?

The collaboration aims to deliver an unmatched and innovative client experience.

Which stock exchange is Interactive Brokers listed on?

Interactive Brokers is listed on NASDAQ under the ticker symbol IBKR.