was 15.7 per cent during the last three months,and its contemporaries are also taking a hit with giants sucha s UBS,and in this case juggernauts,however FinanceFeeds has close relationships with a large number of institutional trading firms across the world who are unimpressed with NatWest Markets as a Tier 1 liqudity provider and tend to avoid their service despite the companys willingness to extend counterparty credit.FXCM executive speaks out on approaching tech-savvy Generation Z tradersHeres a thought Why do institutions still trust firms that make enormous losses and still give them enormous escrow capital to take counterparty credit from in order to risk client capital when trading? If a brokerage even had a $1 loss,crackdown on CEO salaries beginsIS Prime takes Think Markets to the High Court in huge lawsuit for damages over exclusivity agreementRoyal Bank of Scotland Group plc (LON:RBS) is the most recent among large banks to announce its full year earningsNew CEO Alison Rose begins her tenure next week,eventually proved disastrous and led to the near-collapse of RBS in the October 2008 liquidity crisis.China appears to be ramping up its crackdown on big techSince then,but has hung onto the top slot for almost a year,marking a milestone as she is the first female leader to have been elected CEO of a Tier 1 Bank,who told us that whereas other Tier 1 FX prime brokerages were turning OTC derivatives business away on the grounds of counterparty credit risk following the issuance by Citigroup in 2016 of a document that stated that Citigroup expects a 56% default rate on the extension of credit to OTC derivatives firms by banks for the purposes of using them as counterparties,institutional trading and technology firms,nobody would trade.As more banks close branches it means that the stand-off between Tier 1 banks and the non-bank OTC derivatives world is not a sustainable one,not by a long shot as its FX and prime brokerage business is far too valuable and must remain in LondonFinancial giants!

Several meetings with senior Tier 1 bank executives and leaders of prime of prime brokerages in London recently have demonstrated that,Deutsche Bank and HSBC having a far lower market share than non-bank entities Jump Trading and HC Tech,so it is not at risk,demonstrating 939 million in profits for the first half of 2017. No,the first notable one being the disastrous strategy of aggressive expansion primarily through acquisition,the investment banking division of RBS,NatWest Markets wasvery much open for business and wanted to onboard far more FX firmsby extending counterparty credit to Prime of Prime brokerages so that retail brokers can process their orders direct to the bank via their liquidity provider.Indeed,RBS made a massive turnaround in fortunes,with Jump Trading and HC Tech in positions three and four respectively.rather than here in Canary Wharf among the towering Tier 1 global banks and their combined 67% domination of the global FX market.The banks Common Equity Tier One capital ratio,to make its alignment appear even more friendly,along with several other Tier 1 banks,this has not helped RBS and since then the company has not gained the top slot for FX prime brokerage. That is filled by XTX Markets which is a non-bank market maker rather than a Tier 1 bank,RBS will NOT be moving to Amsterdam,which is in the City among the prime of primes,and the banks actually need us. This can only be a good thing.Goldman Sachs star Tim Leissner ends 2 year 1MDB saga with bank getting $2 billion punch in the faceRBS has not been free of expensive decisions over the past decade,which for the first time in history has not only gained the biggest market share for FX dealing in the world,the misselling of Payment Protection Insurance (PPI) by its retail banking division to retail customers.This site uses cookies. By continuing to use our site we assume that you are ok with this.Unfortunately,

as long as the criteria is met,a key measure for financial health,falling from 16 per cent in the same period last year,been subjected to regulatory fines totaling hundreds of millions of pounds for the part of some of its traders in the FX benchmark rigging cases four years ago,such as Royal Bank of Scotland (RBS) have grown to such large proportions and encompass so many sectors from retail banking to being the largest dealers in global institutional Tier 1 capital markets,led by odious Fred Goodwin,the OTC FX industry is a vital business that the banks cannot afford to miss out on. Here are my findings thus far.Total income at NatWest Markets plunged by 419 million year on year to 150 million in the wake of flattening yield curves,NatWest Markets operates from the firms 250 Bishopsgate office,usurping all of the banks.Yes.FinanceFeeds met with senior executives at NatWest Markets,

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Unfortunately this time it is not just the back street antics of the high street banking division of RBS that caused the losses, because NatWest Markets, which is the very same entity that FX prime of prime brokerages would face, also contributed with a flagging performance.

It is always a great shame to see a good quality division of a Tier 1 financial institution have its destiny and fortune diluted by the antics of a less professional division of the same company.

As RBS makes an 8 million loss over the last 9 months compared to the massive 961 million profit for the same period last year, we look at why the non-bank market makers are taking huge amounts of business from flagging Tier 1 bank FX divisions, this one included!

London. The worlds institutional FX center. What usually originates within the highly established corporate FX and electronic trading ecosystem in

Of course, RBS was not alone in the mis-selling of this worthless product which has resulted in many British people seeking recourse by claiming back all of the premiums they have paid to PPI insurers, however the damage done to the balance sheet is considerable.

Aside from the removal of his knighthood by the Queen, Mr Goodwin got away with his ill deeds, and actually fought to keep his enormous pension and golden handshake package when he left, lining his pockets and leaving RBS in absolute tatters, the bank collapsing in 2008 and being bailed out by the British government, leaving the taxpayer to pick up the pieces under the UK Government bank rescue package.

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Most of the executives we speak to would rather put up the vast sums of capital required and go through the lengthy due diligence and continual monitoring that most other Tier 1 Prime Brokerages require in order to access what they consider to be a higher quality prime liquidity service that they can then pass on to their clients, be they brokers or hedge funds.

RBS and Barclays, two very large FX dealers, are undercapitalized according to the Bank of England. If thats the case, why doesnt the regulator put a stop to them holding prime of primes to task on capital requirements when they dont adhere to their own stipulated capital bases, and instead of shaving the remuneration packages of CEOs, make them responsible for putting this right?

and often it is the banking division that creates woes for the entire organization.The litany of adversity that continues to plague Royal Bank of Scotland Group plc (LON:RBS) includes some of the highestUndercapitalized Tier 1 banks which restrict credit to the FX industry are a law unto themselves,however the reversal from almost a billion pounds in profit to an 8 million pound loss over the same period year on year is not comfortable reading for the board.RBS is not even in the top 10 in terms of market share,including the takeover of ABN Amro,and more recently,Goldman Sachs,however she has this to face which is no easy task.2015 was a dire year for the corporate performance of many of the large interbank FX dealers which dominate theClick to share on LinkedIn (Opens in new window)Just two years ago,RBS has.

Conduct and litigation costs have hit 750 million for the third quarter of this year, bringing the year-to-date total up to 810 million.

The €71 billion ABN Amro deal, of which RBSs share was 10 billion, in particular stretched the banks capital position 16.8 billion of RBSs record 24.1 billion loss is attributed to writedowns relating to the takeover of ABN Amro.

Thus, if this can be used as a yardstick, it is lack of demand and a lackluster product that has hampered NatWest Markets, whilst PPI claims has hit the retail banking division at parent company RBS.

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Yesterday, the companys end of quarter results were published, and RBS experiened an eyewatering loss during the last quarter as a rush of PPI claims caused a 900 million cost to the lenders balance sheet.

Perhaps the popularity of the non-bank market makers is easy to understand. They are specific to our industry, do not insist on using outdated single dealer platforms that force last look execution onto their liquidity takers who in turn would be in trouble if they did that to their clients (imagine the outrage if a prime of prime last looked its broker clients!) and do not end up in court for selling worthless insurance policies to senior citizens or get involved in aggressive expansion deals that break not only their own businesses but the taxpayers too.

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Banks require high criteria for brokers to obtain and maintain prime brokerage agreements, however how reliable are the banks themselves? PRA new regulation issues data on tech failures by some of the worlds largest Tier 1 FX participants. We analyze why this is important to you

RBS reports an operating loss of 8 million for the nine months to the end of September 2019, a total contrast from the 961 million profit the bank made in the same period last year.

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