11.16.2020

Wells Fargo Quant Prime Services Offers HPR Trading Platform

Wells Fargo Quantitative Prime Services Offers HPR Trading Platform to Clients

 

NEW YORK – November 16, 2020 – Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that its Quantitative Prime Services division has partnered with HPR, a leading financial technology player in electronic trading, to provide an elite next-generation trading platform for clients.

 

Through its collaborative partnership with HPR, Wells Fargo will provide custom trading solutions to its clients that are engineered on HPR products. In addition to launching its HPR engineered trading platform, Wells Fargo plans to offer clients access to additional HPR products, more details of which will be shared at a later date.

 

“HPR’s scale service architecture provides the flexibility to access solutions across the latency spectrum,” said Anthony D. Amicangioli, HPR Founder and CEO. “Wells Fargo understands the future of electronic trading and we are excited to partner with them to provide highly differentiated services on our unified Platform-as-a-Service (PaaS) architecture.”

 

Wells Fargo’s Quantitative Prime Services and Quantitative Execution Desk provides an all-inclusive relationship management model and in-house quantitative expertise to provide customized execution and financing facilities across all fund sizes and quantitative strategies. Wells Fargo combines creditworthiness and balance sheet strength with leading-edge technologies to engineer custom solutions for firms across the quantitative spectrum.

 

“Through our collaborative partnership with HPR, our clients will have the opportunity to deploy market-aware network hardware, advanced data delivery systems, latency management solutions and trade surveillance platforms,” said John Leone, Managing Director, Head of Quantitative Strategy at Wells Fargo Corporate and Investment Banking. “HPR is the gold standard in risk gateways and at-trade risk management, and we’re pleased that HPR will soon launch an additional suite of products which will raise all components of the trading stack.”

 

About HPR

HPR provides a platform-as-a-service that powers the industry’s leading brokers, clearing firms, market makers and quantitative hedge funds. The firm’s visionary Unimus™ platform is built on a highly unified scale architecture which strips away complexity and is central to HPR’s success.  The Unimus™ platform’s solutions include: Omnibot™, Riskbot® and Softbot® for ultra-low latency Direct Market Access and pre-trade risk management; CRM-X, an intuitive and powerful user interface for managing global, system-wide risk controls; and Databot™, an ultra-low latency, highly customizable market data delivery system. For more information, visit www.hyannisportresearch.com

 

About Wells Fargo Corporate & Investment Banking

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Our office locations span the Americas, Europe, and Asia-Pacific.

 

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

Related articles

  1. Tool enables funds to generate additional alpha while better managing risk.

  2. A powerhouse Asian brokerage is set to make its mark in North America.

  3. Retail Broker-Dealers: Throughput, Please

    The new Atlanta-based division will offer multi-asset clearing through its parent organization.

  4. Capitolis Novation automates manual workflow in FX prime broking.

  5. Can crowdsourcing solve what massive balance sheets cannot?