Prime brokerage
Algo trading could benefit from Sef rules, say participants
Algorithmic trading has gained traction in the FX markets in recent years and some providers say their platforms might comply with the criteria for swap execution facilities in the US. Could they face a growth opportunity when the regulations come into…
Citi taps Treadwell to lead derivatives clearing in Asia
Citi prime finance Asia-Pacific is building up a derivatives clearing team in response to moves by regulators to improve supervision of over-the-counter clearing services
Credit Suisse launches enhanced FX prime-brokerage platform
Credit Suisse launched its enhanced foreign exchange prime-brokerage platform today (November 30), facilitating global clearing and execution solutions to hedge funds, asset managers and other financial institutions.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.
Barclays Capital boosts prime brokerage distribution
NEW YORK & LONDON - Barclays Capital is boosting sales coverage of foreign exchange product as part of the expansion of its cross-asset prime services business.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Alpari US live with Morgan Stanley FXPB
Retail trading company Alpari US has dropped Newedge in favour of Morgan Stanley as its foreign exchange prime broker, as part of plans to reduce trade sizes and auto-hedge its retail flows.
SEB FXPB targets Q4 live date on EBS and Reuters
SEB will go live with three prime brokerage clients on EBS Spot and Thomson Reuters Matching for Prime Brokerage at the start of the fourth quarter.
Interview with Erik Lehtis on prime brokerage
Erik Lehtis speaks to FX Week reporter Farah Khalique about the advent of new regulations in the prime-brokerage arena
Interview with ex-AIG lynchpin on FX prime brokerage
Nathaniel Litwak, BNP Paribas' head of marketing for FX Prime brokerage for North America, speaks with FX Week reporter Farah Khalique
End-users support central clearing
NEW YORK - The push for central clearing is increasingly being driven by end-users seeking operational efficiencies, rather than regulators, according to Jason Vitale, global head of dbClear FX at Deutsche Bank in New York.
BNPP eyes European FXPB business
BNP Paribas moved steadily to launch into the foreign exchange prime brokerage market with the acquisition of staff and infrastructure from defunct insurance company AIG last year. But with that business focused on the US, rivals argue the French dealer…
Prime brokers switch on to SAS 70 checks
Prime brokers have focused on bolstering asset security for clients after billions of dollars of client assets were caught up in the administration of Lehman Brothers International (Europe) (LBIE).
Morgan Stanley: Prioritising FXPB
Competition in the foreign exchange prime brokerage market remains competitive, as new businesses fill the vacuum left by the withdrawal of incumbent providers and clients spread counterparty risk following the 2008 credit crisis.
Morgan Stanley FXPB signs up six for Reuters
US bank continues rapid rate of growth
Morgan Stanley tempts two from JP Morgan
Morgan Stanley continues its hiring spree.
Icap opens up prime model
Broker responds to demand for prime brokerage
Morgan Stanley wins Advanced Markets as FXPB client
Success for nascent FX prime brokerage business.
SEB signs on four account managers
Bank says demand for institutional allocations via managed account structures remains robust