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Financial Advisory  + Broker/Dealers  |  April 21, 2025
Hidden Road Secures FINRA Broker-Dealer Approval 
Joe Palmisano
By: Joe Palmisano

Hidden Road Secures FINRA Broker-Dealer Approval 

Hidden Road Partners CIV US LLC, a subsidiary of prime broker Hidden Road, has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a FINRA-member broker-dealer. 

This new status enables Hidden Road to provide institutional clients with regulatory-compliant prime brokerage, clearing, and financing services for fixed income assets. The approval enhances the firm’s recently expanded fixed income prime brokerage platform, which includes a June 2024 agreement to distribute Trading Technologies’ (TT) multi-asset trading platform to its clients. 

Hidden Road’s fixed income prime brokerage platform currently encompasses fixed income repo and global funding services. 

“Our broker-dealer registration is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets,” said Noel Kimmel, President at Hidden Road. 

The FINRA approval follows Hidden Road’s $1.25 billion acquisition by digital asset infrastructure provider Ripple. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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