Hidden Road launches fixed income prime brokerage platform
07 March 2025 US
Image: thenort/stock.adobe.com
Hidden Road, a global credit network for institutions, has launched a fixed income prime brokerage platform.
It will initially support fixed income repo and global funding services following the firm鈥檚 recent approval as a Fixed Income Clearing Corporation (FICC) clearing member.
The move represents the latest expansion of Hidden Road鈥檚 product suite, which currently offers clients access to clearing, prime brokerage and financing across a diverse range of asset classes.
Hidden Road鈥檚 Fixed Income and Funding business is led by Mike Santoro, an industry veteran who has led repo and funding operations at a number of global financial institutions, including BNP Paribas and Guggenheim Securities.
The team will be instrumental in building this key component of the firm鈥檚 multi-asset prime brokerage, clearing and financing offering, the firm says.
Commenting on the news, Noel Kimmel, president at Hidden Road, says: 鈥淗idden Road鈥檚 Fixed Income Repo & Global Funding platform marks a significant milestone in our mission to build the industry鈥檚 most comprehensive suite of multi-asset prime brokerage and institutional financing solutions.
鈥淲ith the ability to cross-margin and margin finance across cleared derivatives, FX prime brokerage, OTC swaps and digital assets, we are now able to offer a truly differentiated service to the institutional marketplace.鈥�
Santoro adds: 鈥淲e are excited to launch this business and become a member of FICC, a critical market infrastructure provider that brings stability and efficiency to the fixed income markets.
鈥淭hrough this membership, we look forward to providing counterparties, and eventually our clients, with seamless execution and enhanced access to liquidity through our full-service, technology-enabled platform.鈥�
It will initially support fixed income repo and global funding services following the firm鈥檚 recent approval as a Fixed Income Clearing Corporation (FICC) clearing member.
The move represents the latest expansion of Hidden Road鈥檚 product suite, which currently offers clients access to clearing, prime brokerage and financing across a diverse range of asset classes.
Hidden Road鈥檚 Fixed Income and Funding business is led by Mike Santoro, an industry veteran who has led repo and funding operations at a number of global financial institutions, including BNP Paribas and Guggenheim Securities.
The team will be instrumental in building this key component of the firm鈥檚 multi-asset prime brokerage, clearing and financing offering, the firm says.
Commenting on the news, Noel Kimmel, president at Hidden Road, says: 鈥淗idden Road鈥檚 Fixed Income Repo & Global Funding platform marks a significant milestone in our mission to build the industry鈥檚 most comprehensive suite of multi-asset prime brokerage and institutional financing solutions.
鈥淲ith the ability to cross-margin and margin finance across cleared derivatives, FX prime brokerage, OTC swaps and digital assets, we are now able to offer a truly differentiated service to the institutional marketplace.鈥�
Santoro adds: 鈥淲e are excited to launch this business and become a member of FICC, a critical market infrastructure provider that brings stability and efficiency to the fixed income markets.
鈥淭hrough this membership, we look forward to providing counterparties, and eventually our clients, with seamless execution and enhanced access to liquidity through our full-service, technology-enabled platform.鈥�
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