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Articles tagged by prime brokerage

Is it Time to Re-Write How FX Infrastructure Works? After a number of years having to take reactionary measures in response to new regulatory requirements, panellists at Profit & Loss’ Forex Network New York conference expressed enthusiasm for a new wave of innovation that has the potential to re-shape FX ...
ADS Announces Management Re-Shuffle ADS Securities has announced three executive appointments at its headquarters and London offices. Marco Baggioli has been nominated executive managing director, global head of brokerage, based in Abu Dhabi. He will report into ADS CEO and vice chairman, Philippe Ghanem. ...
P&L Talk Series with Franck Mikulecz Franck Mikulecz, managing director of the newly established clearing house FXCH, explains why and how his firm is using distributed ledger technology to clear spot FX transactions. Profit & Loss: You’ve launched a clearing house to clear spot FX using ...
ADS Securities Expands Prime of Prime Team ADS Securities has appointed Louisa Kwok as its head of prime of prime sales. Kwok, who officially started in her new position on August 8, is based in London and will report into ADS’s CEO, James Watson. The move comes ...
Saxo Adds Cross Collateralisation to PB Solution Saxo Bank is boosting its FX prime brokerage solution with the addition of a cross-collateralisation facility between PrimeXM sites in New York, London and Tokyo where it provides FX direct market access. The facility will enable the firm’s prime clients with global liquidity needs to further optimise their collateral by synchronising balances and exposures across the three primary global FX locations. Saxo says the cross-collateralisation facility is a natural step in the evolution of the service which will help its clients avoid over allocation of capital by giving them the ability to use a single pool of collateral across the three major global FX sites, while maintaining a pre-trade credit check per site.
Room for Numerous Prime Services Models in FX Louisa Kwok, head of prime of prime sales and products at ADS Securities London, explains to Profit & Loss deputy editor, Galen Stops, why there’s room for numerous different prime services models in the FX market. With many of the traditional FX prime brokers (PBs) being increasingly selective about who they will offer their services to, this has created a gap in the market that many firms appear eager to fill. Subsequently, numerous prime services offerings are being touted to market participants under the banner of prime-of-prime.