This refers to a large financial institution that offers services to large institutional clients or hedge funds. It is possible for a firm to have more than one prime broker. Importantly, the firm is not obligated to all of its business through the prime broker. The prime broker offers a variety of services which includes but is not limited to execution of trades, settlement, financing and custody.
Abroker-dealeron anexchangewho maintains records and providesbrokeringservices, including, for other broker-dealers,money managershedge funds, and other majorinvestorsthattradeon the same exchange.
The broker-dealer who maintains a record of the orders executed by several broker-dealers for a particular institutional or professional trader.
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We are pleased to partner with UBS, one of the industrys premier bank
, to strengthen our market position, said Anthony Brocco, chairman, Advanced Markets Ltd.
UBS to provide FX prime brokerage services to Advanced Markets
We expect significant growth in the equity derivatives and synthetic finance space in response to the regulatory pressures facing
United Kingdom : NEW synthetic finance software launched by 4sight
Although the industry has grown considerably, its investors still mostly consist of
and subsidiaries of hedge fund management companies.
Government reviews Koreas hedge fund industry
in Asia, which provide services to hedge funds.
-Swiss UBS loses Asia Pacific prime broker leader
The jury is still out on whether this investment strategy will be successful and this, plus the HIRE Act, which allows tax authorities worldwide to hunt down and prosecute firms using synthetics to bypass withholding tax of US share dividends, may well dampen enthusiasm among
if they suspect the investment is purely for tax purposes.
TABB says equity swaps are critical tool for hedge funds accessing emerging markets
Leading US and European banks are engaged in intense competition for lucrative business in the hedge fund industry and this is pressuring margins and may be eroding credit controls, say senior
leading the initiative and covering execution in the regional markets include Credit Suisse and UBS.
Hong Kong,United Kingdom : Traiana Harmony s CFD and equity swap network expands in Asia
This is in direct response to hedge funds that are increasingly seeking to diversify counterparty risk while continuing to deal directly with their
BNY Mellon to provide custody solution for Goldman Sachs
Currently, the settlement of hedge funds trades between their executing and
occurs as OTC transactions without any CCP guarantee.
New tool for prime brokers hits the test bench
The increase reflects both growth in overall hedge fund assets under management (AUM) as well as lower levels of borrowing from
United States : Hedge Fund Assets Available for Prime Custody Jump 40% in Two Years, Says BNY Mellon
prime (someone or something) with (something)
Prime Commodities Clearing Corporation of India Ltd.
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