Cowen’s acquisition of Convergex leads to new prime brokerage with securities lending

Cowen announced that it has completed the integration of Cowen Execution Services’ prime brokerage business after the firm’s acquisition of Convergex earlier this year.

FINRA approved the integration of the acquired business into Cowen’s prime services division in August 2017. It now has custody and clearing for virtually any asset class in dozens of markets globally and can finance portfolios and provide securities lending activities for most listed assets.

Cowen also provides its clients electronic and high-touch execution solutions, including a complete outsourced trading offering with global coverage and access to more than 100 other brokerages and markets. Rounding out the firm’s comprehensive offering are the middle and back office support, shadow reporting, and portfolio analytics solutions supported by globally recognized technologies and proprietary systems, the world-class commission management solution administered by its affiliate, Westminster Research Associates, and the capital introduction and new launch consulting delivered by the firm’s experienced team.

Read the full release

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