London/New York, July 12, 2012 – Newedge, a global leader in multi-asset brokerage and clearing, announced today its cooperation with Thalēs Trading Solutions, a newly created, non-guaranteed
Introducing Broker based in New York City.
Thalēs was founded by Stephan Solomon and Marc Cohen, two former Newedge employees who headed the Firm’s Financial Services Group, in response to increasing client demand for a wider scope of services in addition to the traditional FCM model.
Thalēs will be fully operational on July 23, offering introduction services across multiple brokers, and a platform providing additional value added services.
Newedge will provide its full range of best practice multi-asset trading and clearing services to clients introduced by Thalēs.
Nicolas Breteau, CEO at Newedge, said: “This new venture enables us to continue to work closely with highly-regarded industry experts such as Stephan and Marc, whilst focusing on our core competencies. In short, we are creating a new type of selling relationship. In a fluid market, such agility and adaptability are central to strengthening our position as the world’s leading independent agency broker.”
Stephan Solomon, Chairman at Thalēs, commented, “Our business model adds value and gives choice to clients in the evolving regulatory environment, and we look forward to working closely with Newedge.”