New York based financial technology provider CAIS has launched the first online alternative investment centre, CAIS Exchange, for wealth management industry, which will offer an independent and transparent alternative investment marketplace.
It will also provide access, supervision and implementation of trading strategies at a single place, allowing wealth management professionals to offer institutional quality products with time-saving operational efficiency.
Various funds and products including hedge funds and private equity listed on CAIS-X, offer a prequalified, competitive offering of primary investment opportunities, which are actionable and useable across a large client base, claims the exchange manager.
The online exchange also seeks to slash product cost borne by the end client.
Suitable for investment advisors, broker-dealers, private banks and other financial intermediaries, the exchange allows advisors to execute primary transactions online while positions seamlessly integrate through the DTCC-AIP protocol with custodians, including Fidelity and, Pershing, among others.