Designed to complement your current execution capabilities and any existing support structure you may already have in place
Cowen Prime Services provides provide investment managers with an effective and cost efficient solution for their trading needs. Our solution is full service, multi-asset class, and global, and is differentiated by the full transparency and complete operational support we provide.
Cowen Prime Services’ agency-only model aligns the firm’s interests with those of our clients, and is never in conflict as may be the case when dealing with the major wire houses and market makers who trade for their own account as well.
|•||High-touch, complete outsourced trading solution or supplement to an existing trading operation, depending on client’s specific needs.|
|•||Leverage an established and experienced team of traders, support staff, and trading and reporting infrastructure.|
|•||Exceptional value as outsourced solution functions as client’s trading desk, but avoids cost of building and operating an in-house trading infrastructure.|
|•||Cowen Prime Services’ agency-only model avoids potential conflicts that may arise at firm’s making markets or trading for their own accounts.|
|•||Allows clients to concentrate resources on alpha-generating functions, including research, portfolio construction and risk management.|
|•||Our traders and operational support staff truly function as an extension of client’s firm.|
|•||Our staff will process all documentation related to opening trading accounts. We open broker relationships as desired by client, or leverage existing ones for client’s benefit.|
|•||Our trading staff will execute directly with designated brokers in client’s name, representing ourselves to those brokers as client’s traders. This reinforces the client’s “brand” in the broker-dealer community, but also leverages our existing outsourced trading relationships with such brokers for purposes of research, conference attendance, corporate access, and syndicate.|
|•||Client trades with designated brokers are executed at commission rates negotiated by client and broker. Cowen Prime Services does not add incremental commissions or fees to trades. Cowen Prime Services is compensated for the outsourced service through the allocation of a negotiated share of overall trading volume at a commission rate mutually agreed upon.|
|•||Our operations staff will perform daily trade recaps with all brokers, and reconcile activity with client’s prime broker/custodian.|
|•||We provide client with real-time portfolio monitoring tool, shadow reporting, and multi-custodian portal as part of the base service agreement.|