Interactive Brokers
Interactive Brokers & Saratoga Prime
Saratoga Prime Services, a division of Saratoga Capital, LLC, has added Interactive Brokers as a custodian for its hedge fund clients. Investors are concerned about deteriorating credit markets, broker failures, and rumors of hedge fund liquidations and counter party credit risk. “We are very excited to add IB as an option for our Hedge Fund Clients. They have been around for 30 years and have a great balance sheet and offer the only real time margining system that automatically enforces limits” said William Katts , managing partner at Saratoga Prime.Interactive Brokers has no CDO’s or Sub prime debt, 4 billion in Equity Capital, and has an automated pre-trade credit vetting system. IB’s sole focus is on exchange listed products that are cleared through central clearing houses and are marked daily to external closing prices disseminated by the exchanges. “Our customer service, enhanced reporting, and capital introduction capabilities combined with IB’s superior technology offers a powerful platform for hedge funds” said Lance Baraker, managing director at Saratoga Prime.
“We realize the value of having an I-Broker such as Saratoga Prime. They become an extension of our sales force and promote our Prime Brokerage capabilities” said Bill McGowan, Managing Director, at Interactive Brokers.
Saratoga Prime Services offers Prime Brokerage on a fully disclosed basis through Interactive Brokers, Goldman Sachs Execution and Clearing, and JPMorgan. Saratoga Prime has offices in New York, Boston, and San Francisco. Saratoga Capital is a member of the AMEX, ISE, FINRA, NYSE/ARCA, and SIPC.
Disclosure: This press release has been published as part of Saratoga's sponsorship of PrimeBrokerageGuide.com. Their contact details are available by clicking here.
