prime brokerage
FX post-trade infrastructure provider Cobalt is extending its service into the digital assets space to meet growing demand for the service and also as a result of digital assets becoming more entwined with the foreign exchange market. Cobalt says this trend has been accelerated by the decision of US banking regulator OCC (Office of the […]
Crypto asset broker, Voyager Digital Canada, has partnered with crypto-focussed prime broker Bosonic (formerly OTCXN). The partnership brings liquidity and trade execution to institutional clients through Voyager’s smart order router and Bosonic’s real-time clearing and settlement solution, the firms say in a statement. Stephen Ehrlich, CEO and co-founder of Voyager, says, “Expanding our dynamic smart […]
SBI Financial Services has bought a minority stake in digital assets trading firm B2C2 for $30 million. The firms say the investment marks the start of a strategic partnership between one of the largest institutions to have ventured into the crypto market and a veteran digital asset trading firm. SBI, owner of Japan’s first digital […]
The rise of FX prime brokerage was one of the reasons why the growth of this asset class exploded in the mid 2000s, but is the model still fit for purpose today? Credit appears to have become increasingly constrained in recent years, is this squeeze just temporary or do funds need to look to alternative […]
This week’s podcast is all about performance – following the third of Profit & Loss’ spring Dial-in-Days, editor-in-chief Julie Ros joins Colin Lambert to discuss some of the themes coming out of the events, starting with hedge fund and CTA performance in the recent market upheaval. Ros dives into the suggestion by panellists in New […]
Talk to any service provider – the customer is at the centre of everything they do. I am, therefore, a little confused, or perhaps fearful for those pushing this line, by some of the data in the latest turnover survey by the UK’s FX Joint Standing Committee (JSC). Of course, at the same time as […]
London-based custody and prime brokerage firm Copper has announces its integration with cryptocurrency liquidity provider, DV Chain. The firm says the integration will provide Copper’s clients with access to DV Chain’s liquidity through its prime brokerage infrastructure and trade on it through the Copper platform. The firm claims that its Walled Garden and prime brokerage […]
XTX Markets has today (January 21) become the first non-bank market maker to price to China’s FX interbank market, CFETS. XTX becomes a liquidity provider for G10 markets, with Bank of China – the first prime broker on the system – as its prime broker. CFETS says in a release that the addition of XTX […]
When the Bank for International Settlements (BIS) published this year’s version of its FX turnover survey there was much scratching of heads in the FX industry at its finding that $6.6 trillion was traded every day in the FX market. Not only was the survey taken in what was a quiet month by most standards […]
Credit Suisse has announced the internal launch of AccessFintech’s trading exception management solution, taking, the bank says, an important step towards streamlining exception management resolution across the prime brokerage industry. It adds the new technology will reduce the time needed to resolve exceptions and help clear bottlenecks that could prevent trade settlements as well as promote better […]
