Shoreline Trading Award

Shoreline Trading Group LLC a multi-prime brokerage and agency execution services to emerging and established asset managers, announced today that it was ranked as the Number 2 prime broker in its category in Alpha Magazine's 4th Annual Alpha Awards for Hedge Fund Service Providers. The awards are based on a comprehensive survey of hedge fund managers. The ranking in the survey is a first for Shoreline, reflecting its rapid growth relative to entrenched firms and proving the value to clients of its boutique approach to multi-prime brokerage.

In the context of the global market crisis, the award recognizes the confidence that asset managers have in Shoreline's ability to deliver its boutique business model: focused on accessing multiple prime brokerage firms through a single relationship and providing high quality customer service to its clients. Recognizing the fiduciary and operational risk requirements that funds have for multiple prime brokerage relationships, Shoreline introduces its accounts to the clearing and custody services of Goldman Sachs Execution & Clearing, JP Morgan Securities, Credit Suisse Securities Corp, and Fortis Securities. To facilitate these services, Shoreline provides hedge funds, institutions, and professional traders with trade execution platforms and turnkey back office solutions.

Said Michael Murray, Shoreline Partner: "In navigating today's turbulent global market conditions, asset managers require both expertise and experience. The recognition and confidence that hedge funds have placed in Shoreline through the Alpha Award confirms the successful efforts we've made to service our clients since 1996, and we are grateful to them. Our franchise has been built by a comprehensive focus on client service and a commitment to providing our clients with the various multi-prime brokerage and agency execution tools they require. Our clients, regardless of size, will continue to receive boutique, best-of-breed, world-class service, guidance, and insight to help them navigate the challenges and volatility of today's environment, to increase assets under management, and to improve alpha."

Shoreline Trading Group

Shoreline Trading Group, founded in 1996, and with offices in New York, Los Angeles and Santa Monica is a leading provider of Prime Brokerage and Agency Execution. We are proud to offer the custody, execution, clearing and reporting services of Goldman Sachs Execution & Clearing, JP Morgan, Credit Suisse Securities and Fortis Securities.

Primer Brokerage Systems

AdvisorWare
Tool used mainly by hedge funds for portfolio management, accounting and partnership accounting. Prime brokers can use the application to view the client portfolio. SS&C is the vendor.
Compliance Hub
Post-trade automation derivative products. Examples are credit and equity swaps. Communicator Inc.
Derivatives.com
Application service supplied by Imagine Trading to prime broker to allow their clients to risk management and trading services.
Financial Calendar
Global holidays database to reduce the number of expensive date discrepancies arising during the trade confirmation proces.
PBWire
Trade acceptance service for OTC interest rate derivatives trade intermediation as well as trade notification and confirmation.
Prime Brokerage for Matching
Thomson Reuters supplied service allowing clients to trade on Reuters. It matches in the name and utilises the credit of the prime broker.
Prime Brokerage Online Reporting
Provides performance, balance and trade confirmations for clients. Vendor is Actuate.
Scittura
Trade automation and trade confirmation validation. Supporting documents for OTC derivative instruments. Supplied by Interwoven.
TradeSmart
A trade platform for a variety of financial instruments. Vendor is TradingScreen
Visual Portfolio Manager
System with ortfolio accounting, trade processing and reporting for hedge fund clients so prime brokers can view their portfolios. Supplied by Sungad.

Derivatives J - S

KKR
Kohlberg Kravis Roberts
LEAPS
Long-Term Equity Anticipation Securities
Limit Order
Order from a customer to a broker specifying a price; only if the if the market reaches or betters the price can the order be executed.
Liquidation
Transaction offsetting or closing out a long or short futures or options position.
Long Hedge
Purchase of a futures contract in anticipation of an actual purchase in the cash market.
Long Position
An investor holds more contracts than he has sold.
LTCM
Long Term Capital Management
Margin Requirement for Options
Amount an uncovered (naked) option writer is required to deposit and maintain to cover a position. Calculated
Market Order
Order for immediate execution given to a broker to buy or sell at the best obtainable price.
Mark-To-Market
Daily adjustment of margin accounts to reflect profit and loss.
Minimum Price Fluctuation
Smallest increment of price movement possible in trading a given contract. It is also referred to as "lead month".
MTF
Multilateral Trading Facility
Nasdaq OMX Europe
Pan Euopean Multilateral Trading Facility (MTF) backed by Nasdaq OMX
Nearby
Nearest active trading month of a futures or options on futures contract.
Offer
Price at which an investor is willing to sell a futures or options contract. Offset buying if one has sold, or selling if one has bought, a futures or options on futures contract.
PEX
Small multilateral trading platform for the Portugese market.
Prime Broker
Institution, usually an investment bank that offering a variety of services to hedge funds or other institutions.
Prime Brokerage
Bundle of services offered by an investment bank to large institutional clients or hedge funds. It is possible for a firm to have more than one prime broker. The firm is not obligated to put all of its business through the prime broker. The variety of services include, but is not limited to execution of trades, settlement, financing and custody.
Private Equity Intelligence
Research group specialising in the private equity arena.
Quantifi
provider of analytics and risk management solutions for the global credit markets.
REITS
Real-Estate Investment Trusts
Repo
The practice of loaning out shares in return for cash.
Risk Assessment
One of five components of internal control according to the COSO Internal Control Framework
Risks faced by the company have to be recognized. Objectives have to be set, integrated into the value-chain. To achieve the objectives, risks have to be identified, analyzed and develop methods to manage them.
SEC
Securities and Exchange Commission.
SOX
Shorthand for Sarbanes-Oxley.
Structured Notes
Derivatives-linked bonds designed to deliver high returns over a fixed period.
Synthetic Collateralised Debt Obligations
Repackaged portfolios of credit derivatives.