Skip to main content
Why is BNY Mellon Launching an FXPB Service?
The announcement by BNY Mellon this week that it is launching an FX prime brokerage (FXPB) service is interesting for a couple of reasons. Superficially, it bucks a trend that has developed in recent years of banks scaling back, or even shutting down, their FXPB businesses. However, Profit & Loss already argued in a special report looking at prime services published in Q3 2017, that this trend was beginning to reverse itself. So perhaps more significant is that it indicates that the barriers to entry in FXPB have been lowered as the cost of technology and infrastructure has both decreased and become more available.

Please Log in or Register to view this content.

Access to event programmes and latest news is FREE upon registration to approved market participants. Please note that a manual approval process is in place. Registrations are approved during London and New York office hours. Click here to register

To access our full website with over 11,000 articles, please subscribe by clicking here.

Click to log in

Click to subscribe