NEW YORK--()--Victor IB Holdings LLC, operator of Victor Securities and Victor Technologies, announced today it has received equity funding from a group of private investors and financial industry veterans. Victor Securities is an institutional broker providing turn-key solutions to hedge funds, RIAs, and proprietary trading groups. Victor Technologies provides leading-edge risk management applications for equity and derivatives traders, leveraging GPU technology to provide low latency theoretical pricing and consolidated portfolio risk.
As a result of this transaction, Victor IB Holdings announced that it will add new leadership to its Board of Directors, including Michel Daher, Chairman of Master Capital Group SAL; and Jim Brown, an investor with significant experience investing in electronic trading systems including Liquidnet, Currenex, and FXCM. Existing Directors that will remain on the Board include Charles Goodgal, Founding Partner/CEO of The Gargoyle Group; Kevin Bakhler, CEO of Victor Securities; Phillip Martin, Managing Partner/CTO of The Gargoyle Group; Alan MacKenzie, Jr., Managing Partner/CFO of The Gargoyle Group; and Robert Newhouse, the CEO of Victor IB Holdings.
Regarding the investment, Robert Newhouse offered, “We are honored to have the backing of these accomplished investors. They know the professional trading industry very well and each have a track record of success investing in product offerings across multiple asset classes. The capital investment, and importantly, their endorsement in our model and management team, will help power the expansion of Victor Securities into new markets, as well as the growth of Victor Technologies and its product offerings for risk management.”
Real-time risk management is paramount to a hedge fund’s survival in today’s volatile trading environment. The next generation of the DJALI risk management suite – including a real-time portfolio margin calculator – is currently being released.
About Victor Securities: Victor Securities is an institutional broker providing select hedge funds, RIAs, and proprietary trading groups with turn-key solutions for multi-asset execution, clearing, and custody. Clients benefit from real-time risk management tools (including portfolio margin calculations), customizable reporting (with ability to aggregate data across multiple brokers and custodians), and a diverse capital introduction network. Additionally, Victor’s experienced support team acts as an outsourced back-office and liaison between clients and their administrators, auditors, and other business partners. More at: www.victorsecurities.com
About Victor Technologies: Victor Technologies provides leading-edge trading and risk management applications that leverage Nvidia GPU technology to offer unparalleled real-time risk management and theoretical pricing across asset classes. Victor’s product suite includes applications to manage consolidated portfolio risk as well as theoretical pricing engines that allow for extrapolation of market-implied volatility, dividend, and interest information. More at: www.victortek.com
About Victor IB Holdings LLC: Victor IB Holdings LLC operates firms in a regulated environment that specialize in leading-edge risk management technology and brokerage services. Victor Securities and Victor Technologies are wholly owned subsidiaries of Victor IB Holdings LLC. Trading in securities and options can be speculative in nature and involve risk.