‘Artificial’ FX prime brokerage prices on the rise
Fees moving off $1 per million mark as costs begin to bite
The foreign exchange prime brokerage (FXPB) market has encountered a full swing reversal in the past 12 months, as non-traditional FX flow banks have moved away from offering clients $1 fees per million traded to more than doubling them in the last year.
The likes of Morgan Stanley, SEB and Rabobank have either pulled back from offering FXPB services, restricted their business to a particular client base or raised the price of their services, according to market participants. Many banks have
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