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Counterparty · Prime broker

Barangaroo Prime Services

Barangaroo Prime Services is the prime broker for the Quantitative Strategies division in Australian and New Zealand listed markets. The relationship began in 2021, a year after the Sydney office opened. Barangaroo provides financing and securities borrowing for the desk's relative-value positions in agri-science and animal-health equities, with a financing line of US$30 million. Australian client securities are held through IGUAKO Nominees (Australia) Pty Ltd.

Type
Prime broker
City
Sydney
Region
Oceania
Relationship since
2021

The relationship

Australian agricultural and animal-health equities are a market the group understands well, because its origination companies serve the same customers and the same seasons. The quantitative desk expresses that understanding through hedged positions, behind the information barriers the Markets and Trading policies require, and Barangaroo provides the borrow. Positions are reported to the Chief Risk Officer nightly and remain within the listed-exposure limits of the Risk Appetite Framework.

Services to IGUAKO and its clients

  • Prime brokerage financing for Australian and New Zealand equities
  • Securities borrowing for hedged positions
  • Consolidated margin reporting
  • Corporate action processing

Also in the region

Oceania.