A preliminary protocol to enable four-way FX prime brokerage involving agency desks has been agreed ‘in principle’ and could allow agencies to scale up their activities, having been largely redu...
Agency desks warn they could be driven out of the market as a result of business conduct rules
Prime brokers have had to cancel four-way agreements for trades involving two buy-side firms, on the basis that a no-action letter issued by the CFTC on April 30 did not cover this type of business
This three-part series looks at the various factors that firms across the ecosystem of global FX markets - from the buy-side, the sell-side, and the supporting community of technology vendors and service providers - should consider in order to, not just survive, but to thrive in this dynamic and ever-changing environment.
More Prime Brokerage articles
Coming into force in July, the AIFM directive will likely to curb the freedom for prime brokers to reuse assets pledged by hedge funds for collateral, resulting in higher fees for services including...
Service Provider Rankings 2012
Senior hire is seen as a coup for Deutsche’s clearing business
Prime brokers speaking at Risk/Return Korea voiced concerns over the potential for regulations to strangle the country’s nascent hedge fund sector
Graham Seaton relocates from Sydney to Hong Kong
Forex clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared forex options, according to speakers at the FX Wee...
UK-based hedge fund management companies could have problems accessing working capital if a provision in the ring-fencing chapter of the Independent Commission on Banking (Vickers report) stands
Asia-Pacific head of flow financing for prime services departs Credit Suisse with Dereke Seeto named as his replacement
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.