Alpha Theory is pleased to announce that they will be accepting payment for its Fundamental Portfolio Management tool through Greenwich Prime Trading Group, LLC.
Greenwich Prime and its customers can utilize a commission pool, which is a pool of commissions that by agreement are set aside for obtaining research services, to pay for Alpha Theory. Payments made for Alpha Theory under this arrangement qualify for the Safe Harbor under section 28(e) of the Securities Exchange Act of 1934.
"Our relationship with Greenwich Prime provides clients the ability to utilize Alpha Theory while not sacrificing on trade execution to do so," said Cameron Hight, President and CEO of Alpha Theory. "In an environment where efficiency and transparency matter more than ever, and constant improvement is required to keep pace with the industry, Greenwich Prime and Alpha Theory deliver best-of-class platforms to help our clients maintain and grow their competitive edge."
Jon Goldstein, Greenwich Prime Trading Group, LLC's Director and CFO, said "We are pleased to have the opportunity to work with Alpha Theory. As former hedge fund managers and financial industry veterans the Alpha Theory team understands how inefficiencies in portfolio management can have a significant effect on performance. Their approach to efficient portfolio management coupled with our high-touch trading solution, both of which are conflict-free, provide our clients with the tools to maximize returns for their investors. Additionally, clients are able to unbundle their commissions and clearly distinguish between the cost of execution and the cost of research thus providing greater transparency."