Bringing State-of-the-Art Prime Brokerage to the US Market
Caspian One is enabling financial institutions to expand into new markets by developing state-of-the-art Prime Brokerage platforms, integrating advanced technology, and enhancing operational efficiency. Continue reading ↓
Did You Know?
We collaborated to build a new system for a bank's Global Prime Brokerage business, focusing on development, automation, and database optimisation. Over a five-year initiative, we integrated multiple vendor systems and migrated the Canadian platform, ensuring seamless integration and improved efficiency.
This scenario exemplifies Caspian One’s ability to execute complex, multi-year financial technology transformations, integrating legacy systems with modern solutions to drive market expansion. It showcases expertise in application development, automation, and database optimisation while managing large-scale vendor integrations.
By delivering a state-of-the-art Prime Brokerage platform, Caspian One enabled the client to successfully enter the US market, improve operational efficiency, and secure long-term project funding - demonstrating our role as a strategic technology partner for financial institutions navigating growth and modernisation.
The Challenge
A leading Canadian financial institution set its sights on expanding into the US Prime Brokerage market, but its existing platform was outdated and lacked the scalability and efficiency required to compete effectively. Legacy technology was slowing down lending, financing, custody, and synthetic product operations, making it difficult to integrate vendor solutions and manage high trade volumes efficiently.
The institution needed a fully modernised Prime Brokerage system that could:
Migrate their successful Canadian Prime Brokerage platform to a US-based system
Integrate multiple vendor systems, ensuring seamless connectivity
Optimise databases and automate key processes to reduce operational friction
Enhance reporting and client management capabilities to meet US market demands
Given the complexity and scale of the initiative, they required a trusted technology partner to provide expertise in trading infrastructure, automation, and large-scale system integrations.
Our Approach
Caspian One worked in close collaboration with the bank’s Equity Markets Technology teams, delivering a structured, multi-phase approach to system development and migration.
Over the five-year project, we:
Developed a new Prime Brokerage platform, ensuring seamless integration across core banking functions
Automated key workflows, reducing manual processes and improving trade execution efficiency
Optimised database architecture, enhancing performance and scalability
Integrated multiple vendor systems, aligning infrastructure with US regulatory and market requirements
Migrated the Canadian Prime Brokerage platform, adapting it for the US market’s unique operational and compliance standards
To ensure accountability and efficiency, Caspian One provided a dedicated team of developers, lead architects, and senior business analysts, working under a structured Statement of Work (SoW) with clearly defined milestones and success criteria.
The Outcome
The institution successfully deployed its US Prime Brokerage platform, marking a major milestone in its market expansion strategy. With the new system in place, they could now:
Handle higher trading volumes efficiently, reducing operational bottlenecks
Seamlessly manage lending, financing, and custody operations, improving service delivery
Leverage enhanced reporting and client management tools, ensuring regulatory alignment and competitive differentiation
The success of this initiative unlocked further investment, with the Prime Brokerage technology team receiving long-term funding to support future projects over the next three years.
What This Meant for the Client:
More than just a technology upgrade, this project provided the institution with a futureproof Prime Brokerage platform that would drive business growth, improve operational efficiency, and strengthen its competitive position in the US market.
Caspian One’s expertise in complex integrations, automation, and database optimisation played a critical role in ensuring a smooth transition, allowing the institution to confidently serve its US clients with a modern, high-performance system.
Key Details & Expertise
Keywords: US Prime Brokerage, CashOne (Position Management), Kmart Data Hub, CARS (Client Account Management), Prime Reporting Engine, SWAPone (Lifecycle Management), Vendor System Integration, Database Optimisation, Automation, Production Support
Primary Areas of Expertise: Application Development, Infrastructure
Secondary Areas: Automation Development, Database Optimisation, Vendor Integration, Cloud (AWS, GCP, Azure DevOps)
Resource Roles: Solution Architect (Financial), Business Analyst, Automation Engineer / QA, Cloud Engineer
Looking for Similar Expertise?
Caspian One specialises in building and modernising Prime Brokerage platforms that enhance market competitiveness and operational efficiency. If you’re looking to develop or upgrade your trading infrastructure, get in touch to see how we can support your expansion.
