thinkorswim's thinkpipes Tapped by Merlin Securities to Offer Powerful Execution Platform for Hedge Fund Clients
2007年6月19日 - 3:41AM
PRニュース・ワイアー (英語)
Trading Technology Innovator and Number One North American Prime
Broker Will Allow Hedge Fund Clients to Execute Complex Trading
Strategies and Have Access to Prime Brokerage Services CHICAGO and
NEW YORK, June 18 /PRNewswire/ -- Merlin Securities, a broker
dealer specializing in Prime Brokerage services to hedge funds
announced tapping thinkpipes, the institutional arm of thinkorswim,
an industry-leading online brokerage and financial technology
pioneer, to enable hedge fund clients to execute complex options,
equities and futures trading strategies. The combined offering
provides Merlin's hedge fund clients access to unmatched, award
winning trading technology. thinkpipes combines the best of
thinkorswim's industry-leading retail application enhanced with
features for the professional trader: direct access to every
financial market, advanced options trading functionality, robust
portfolio analytics, multi-broker execution, and real-time risk
management. The execution platform also allows advanced order types
such as contingent, spray, reserve, VWAP, and connectivity through
FIX API. "thinkorswim shares our belief that client's needs come
first. Since our inception, that has been our key motivator," said
Aaron Vermut, COO and co- founder of Merlin Securities. "thinkpipes
is an outstanding trading execution platform and our clients will
truly benefit from this relationship." "thinkorswim takes great
strides to enhance the technology powering its execution platform
which has successfully been deployed within some of the largest
financial institutions," said Tom Sosnoff, president and co-founder
of thinkorswim. "Like thinkorswim, Merlin is pervaded by an
entrepreneurial spirit and we are thrilled to add them as a client.
We applaud their outstanding performance and dedication to client
service." Merlin provides hedge funds with assets from $25 million
to $2 billion with prime brokerage services. Recently, Global
Custodian, in its 2007 Prime Brokerage Survey, highlighted Merlin's
ability to equip hedge fund managers and their investors with a
full suite of highly customizable prime brokerage reports
integrating daily IRR performance measurement , relative and
absolute attribution reporting, risk reports and more. About Merlin
Securities Founded in 2004 with offices in New York and San
Francisco, Merlin Securities services hedge funds with Prime
Brokerage Services. Merlin provides advanced reporting capability
for single as well as multi-primed hedge funds. The firm's award
winning technology provides hedge fund managers with a dynamic
performance attribution and risk management portfolio platform. In
addition, the firm has both Agency and Outsourced trading desks
that provide clients with trading flexibility and access to all
markets. Merlin Securities was named the number one Prime Broker in
North America, the number one Prime Broker for single strategy
funds and the number one Prime Broker for funds under $100mm in the
Global Custodian 2007 Prime Brokerage Survey. Merlin Securities is
a member of NASD and SIPC. For more information about the firm and
the survey results, please visit our website at
http://www.merlinsecurities.com/ About thinkorswim Group, Inc.
thinkorswim Inc., the brokerage arm of Investools Inc. [Nasdaq:
SWIM], is a leading online brokerage and technology provider
focused on offering services to self-directed options traders and
active traders. thinkorswim offers customers a broad range of
products including equity securities, fixed income, index products,
options, futures, other derivatives and foreign exchange.
thinkorswim provides unique front end trading platforms that allow
its customers to trade electronically and provides sophisticated
trading tools and analytics, including tools for implementing
complex, multi-leg options strategies. The products and services
offered by Investools Inc. have received numerous accolades from
third parties including thinkorswim's ranking by Barron's as its
top rated software-based online broker and best for options traders
(2006 & 2007), and Prophet's top Barron's ranking for best
technical analysis tools (2006). For more information about
thinkorswim visit http://www.thinkorswim.com/ or call
1-866-839-1100. Media Contacts: For Merlin Securities: John
Quartararo 212.822.4825 For thinkpipes/thinkorswim: Fran Del Valle
212.717.5499 DATASOURCE: thinkorswim Group, Inc. CONTACT: Fran Del
Valle of thinkpipes, thinkorswim, +1-212-717-5499, ; or John
Quartararo of Merlin Securities, +1-212-822-4825, Web site:
http://www.thinkorswim.com/ http://www.merlinsecurities.com/
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