Tag: prime brokerage

prime brokerage

Mystery Solved? BIS Report Studies Triennial FX Survey Data

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 Deploys Trading Exception Management Solution

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 […]

In the FICC of It

There is a long run list for this week’s In the FICC of It podcast, which kicks off with some welcome listener input into last week’s questions of algos intentionally losing money to throw the “order sniffers” off the scent and the challenges facing Singapore’s efforts to build an FX liquidity hub. Colin Lambert and […]

In the FICC of It

This week’s In the FICC of It podcast is an emotional rollercoaster, containing euphoria, resignations and emotional pleas for clemency as Colin Lambert and Galen Stops discuss key themes from the last two conferences of the year at Profit & Loss, in Singapore and Hong Kong. Reflecting upon some really interesting (and different) perspectives on […]

Deutsche, Saxo and XTX Live on Cobalt

Cobalt, the foreign exchange infrastructure based on shared ledger technology, is now live with Deutsche Bank, XTX Markets and Saxo Bank. Darren Coote, CEO of Cobalt, says, “Having the backing of these three different FX players, one an established bank that has been innovating for over 20 years, a new breed of electronic market-maker and […]

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]

The Inexorable Rise of the “Others”

A notable figure in this year’s Bank for International Settlements (BIS) survey of FX turnover highlights the increasingly important role of firms like retail aggregators in the FX market. While in the 2016 survey the “Other” category of the Other Financial Institutions segment of the report (this is largely the retail aggregator/prime-of-prime sector) was responsible […]

The 20 for 20 Countdown – Part One

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 20-16. 20. A New Currency for a New Era While the big event of 1999 […]

In the FICC of It

After upsetting non-bank market makers and then banks in recent weeks, Colin Lambert takes a shot at the buy side in this week’s In the FICC of It podcast when Galen Stops asks him, “will the buy side adopt the FX Global Code?” Our two podcasters discuss next year’s review of the Code as Stops […]

Analysing the Implications of Citi’s FXPB Cull

The news this week that Citi served a 90-day notice to the largest non-bank market making firms in FX – including Jump Trading, XTX Markets, Virtu Financial, HC Technologies and, at an earlier point in time, GTS – that it is no longer willing to offer them FX prime brokerage (PB) services, certainly got tongues […]