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- Aldgate Prime Services
Counterparty · Prime broker
Aldgate Prime Services
Aldgate Prime Services is the prime broker for the Quantitative Strategies division in European and Asian listed markets. IGUAKO has been a client since 2020, the year the London office opened. Aldgate provides financing, securities borrowing and consolidated margin across 11 markets, with a financing line sized at US$75 million against the division's proprietary book.
The relationship
A single prime broker with a cross-margined account lets the quantitative desk run relative-value positions in specialty-materials and pharmaceutical equities without posting margin in each market. Aldgate nets exposures overnight and reports the margin requirement to the Chief Risk Officer by seven in the morning, London time. The financing line sits within the liquidity limits set by the Risk Appetite Framework.
Services to IGUAKO and its clients
- Prime brokerage financing and securities borrowing
- Cross-margining across European and Asian listed markets
- Synthetic exposure through swaps where local access is restricted
- Daily margin and exposure reporting to the Chief Risk Officer