Direct Access Partners (DAP) has partnered with Paladyne Systems, HFMWeek reports. The move will let DAP’s hedge fund managers use Paladyne FastStart, a front-to-back office technology platform, to calibrate electronic trading, portfolio management and other attributes. As part of the partnership, DAP’s prime brokerage clients will be allowed to use the offering’s broker-neutral and managed account platforms for hedge funds that want to set up multi-prime relationships and run separate structures to the fund. DAP is a prime brokerage firm, while Paladyne is a technology platform for hedge funds and prime brokers.
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