PoP goes FXPB: prime of prime fizzes, but isn’t to all tastes

Sources report ebullient growth among PoPs, despite lingering wariness around risk redistribution

Nothing shakes things up like a systemic shock. The global financial crisis, the 2015 Swiss franc de-pegging and the 2018 collapse of the GTEC Pandion hedge fund have each in turn contributed to foreign exchange prime brokers cutting ties with scores of less creditworthy clients.

Now, some of this business is ricocheting back to them via so-called prime-of-prime (PoP) brokers, which allow clients shunned by large banks to trade through their accounts with some of those same banks. And not all

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here