ReadQ Systems, Inc. recently announced that New York broker-dealer The PrinceRidge Group, LLC has selected their QTIX trading system for its start-up financing desk.
“QTIX, our latest technology offering, is designed to provide broker-dealers with a robust yet user friendly solution that is easy to implement. We look forward to working with The PrinceRidge Group to help grow their new business initiative.”
The PrinceRidge Group launched its institutional, finance desk, headed by Thomas McHugh in December of 2010. The financing desk offers a full range of repo & securities lending in most USD fixed-income assets and specializes in a variety of financing solutions to assist its clients by boosting returns on cash and securities holdings, financing long positions, matching cash flows and reducing funding costs.
According to Robert Cardone, President of ReadQ Systems, “QTIX, our latest technology offering, is designed to provide broker-dealers with a robust yet user friendly solution that is easy to implement. We look forward to working with The PrinceRidge Group to help grow their new business initiative.”
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