Hidden Road Launches Fixed Income Prime Brokerage Platform

Introduction of Fixed Income Repo & Global Funding business marks the latest expansion of Hidden Road's suite of technology-driven prime brokerage and financing solutions

NEW YORK, March 6, 2025 /PRNewswire/ -- Hidden Road, the global credit network for institutions, today announced the launch of its Fixed Income prime brokerage platform. The business will initially support Fixed Income Repo & Global Funding services following the firm's recent approval as a Fixed Income Clearing Corporation (FICC) clearing member. This represents the latest expansion of Hidden Road's product suite, which currently offers clients seamless, conflict-free access to clearing, prime brokerage and financing across a diverse range of asset classes.

"Hidden Road's Fixed Income Repo & Global Funding platform marks a significant milestone in our mission to build the industry's most comprehensive suite of multi-asset prime brokerage and institutional financing solutions," said Noel Kimmel, President at Hidden Road. "With the ability to cross-margin and margin finance across cleared derivatives, FX prime brokerage, OTC swaps and digital assets, we are now able to offer a truly differentiated service to the institutional marketplace."

Hidden Road's Fixed Income and Funding business is led by Mike Santoro, an industry veteran who has led repo and funding operations at a number of leading global financial institutions, including BNP Paribas and Guggenheim Securities. The team, whose members average over two decades of experience in the Repo space, will be instrumental in building this key component of the firm's multi-asset prime brokerage, clearing and financing offering.

"We are excited to launch this business and become a member of FICC, a critical market infrastructure provider that brings stability and efficiency to the fixed income markets," said Michael Santoro, Hidden Road's Head of Fixed Income & Global Funding Group. "Through this membership, we look forward to providing counterparties and eventually our clients with seamless execution and enhanced access to liquidity through our full-service, technology-enabled platform."

All FICC-facing activities will be transacted by Hidden Road Partners CIV US LLC, a CFTC-registered Futures Commission Merchant (FCM).

About Hidden Road

Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, we remove complexity and cost in prime brokerage, clearing and financing. For more information, please email [email protected].

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SOURCE Hidden Road Partners