Sydney, Australia based boutique prime broker Invast Global has just announced that has opened a new Hong Kong office. Senior Executive Marcus Fung, who has been with Invast since 2013, will lead the Hong Kong business as its CEO.
Invast Global has committed to the FX Global Code of Conduct back in June 2018. The company has recently launched a Tokyo oneZero Hub in EquinixTY3, as well as a London one, prior to it – Invast LD4 oneZero Hub.
Hong Kong is a hotbed of start-up and emerging hedge funds and brokerages,” said Invast Global CEO Gavin White.
We’ve built a reputation for being at the forefront of new technology, winning awards for innovation, whilst maintaining a human, flexible and client-centric approach.
We believe this dynamic and exciting market strongly complements our trademark, responsive and high-tech approach and we look forward to giving Hong Kong’s innovative businesses an alternative to the traditional bank-based prime broker service offerings.
Over the past six years, we’ve seen a growing vacuum in the market as traditional investment banks curb their business lines in response to increasingly restrictive global regulatory reforms – and that suits us.
We believe demand for alternatives to traditional global investment bank offerings will continue to accelerate over the coming decades as scheduled regulatory reforms take effect and outdated, legacy technology systems continue to constrain the ability of the banks to evolve and compete.
Invast Global (Hong Kong) CEO Marcus Fung, commented:
Our service is about providing efficient, cost-effective connectivity to liquidity and execution venues, combined with data and analysis. We then communicate our findings to the client in the quickest, most concise and practical way,” commented Invast Global (Hong Kong) CEO Marcus Fung.
Finding the best and most appropriate liquidity, designing the best execution techniques, providing the most efficient, most bespoke and responsive ancillary services – without proper analysis and advice on these factors, our clients risk slipping behind. This is a real threat to small, medium and emerging firms, and it is one we are focused on solving for our clients,” added Mr Fung.