Conifer's experienced Middle Office desk is your personal back office. Your dedicated trade and portfolio accounting team will provide you with the assurance of accuracy and the prompt attention you need to start each trading day in full control.
Beyond traditional equities and fixed income, we are able to process trades in a wide range of products including: foreign exchange, futures, options, credit default swaps, equity swaps and other over-the-counter derivatives.
Prior to the start of each business day, we resolve trade breaks and fully reconcile positions and cash balance information to our clients' prime brokers and custodians. As our clients execute transactions in global markets, we provide market information and updates on settlement of trades.
Intraday, we clear and settle trades and verify market prices (from independent third party sources), resulting in real-time profit & loss reporting. After the trading day has ended, we provide reconciled web-based portfolio reporting.
Our Trade Operations desk works seamlessly with your prime and executing brokers to open your accounts, coordinate your stock borrowing and custodial needs, settle and clear your trades – providing your firm with a third-party check on brokers' reports.
The portfolio accounting function also provides seamless integration with your fund administrator.
Conifer’s Prime Brokerage offering is the perfect complement to Conifer’s core middle office service. Whether you are a start-up manager looking to grow or a large institution looking to expand, Conifer can provide you and your investors with a dedicated and loyal team of experts who will manage your business operations. As a result, Conifer clients can dedicate their time to focusing on research, managing their portfolios and generating new business.
Conifer offers a solution to managers seeking to diversify counterparty risk by adding another prime broker or custodian. Conifer mitigates the infrastructure and resource costs to implement, while allowing the client to stay relevant to more than one prime broker and benefit from Conifer’s top tier multi-prime brokerage service and reporting.
Conifer Prime Brokerage clients have the option of using J.P. Morgan Clearing Corp. or Jefferies & Co. Inc. as the global clearing firm, while benefiting from Conifer’s unique blend of specialized service, execution, technology and reporting