What Makes a Prime Broker Successful?

Thursday, 13/11/2014 | 00:01 GMT by Mitch Eaglstein
  • A PB firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources.
What Makes a Prime Broker Successful?
Bloomberg

Deep pools of Liquidity : a prime brokerage firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources and in turn provide deep pools of liquidity to its customer. This allows for large ticket trade sizes with robust execution.

Services: A prime brokerage firm should provide a myriad of services to its clients. These services include trade consolidation, post trade Risk Management , trade reporting, innovative technology solutions and 24 hr global support to service its clients

Strategic Advice: A prime brokerage firm should develop a synergistic relationship with its clients. As such, the prime brokerage firm should provide FX prime brokers offer strategic advice to clients on a wide range of legal, accounting, market, risk management and technology matters to help their clients progress in the long term.

Deep pools of Liquidity : a prime brokerage firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources and in turn provide deep pools of liquidity to its customer. This allows for large ticket trade sizes with robust execution.

Services: A prime brokerage firm should provide a myriad of services to its clients. These services include trade consolidation, post trade Risk Management , trade reporting, innovative technology solutions and 24 hr global support to service its clients

Strategic Advice: A prime brokerage firm should develop a synergistic relationship with its clients. As such, the prime brokerage firm should provide FX prime brokers offer strategic advice to clients on a wide range of legal, accounting, market, risk management and technology matters to help their clients progress in the long term.

Topics
Prime Brokerage
About the Author: Mitch Eaglstein
Mitch Eaglstein
  • 7 Articles
  • 6 Followers
Mitch has extensive experience in Senior Level management of OTC related software and brokerage companies. Having worked previously as Managing Director at Boston Prime Ltd, Mitch was also CIO of FXCM Systems, LLC which was the result of a deal between FXCM Holdings and Avalon Capital Holdings, wholly owned subsidiary Traders Development. As part of this deal Mitch setup a software firm in Seoul, South Korea. While at Avalon he was the COO and was instrumental in the development and distribution of the proprietary Avalon FX Pro trading platform, now owned by FXCM. Prior to that, Mitch was the Chief Operating Officer at a California-based Futures Commission Merchant (a "FCM") registered with the National Futures Association. In that capacity, he performed numerous operational roles in the areas of Sales, Customer Service, Marketing, Trading and Compliance and Capital raising. Mitch has extensive experience in Senior Level management of OTC related software and brokerage companies. Having worked previously as Managing Director at Boston Prime Ltd, Mitch was also CIO of FXCM Systems, LLC which was the result of a deal between FXCM Holdings and Avalon Capital Holdings, wholly owned subsidiary Traders Development. As part of this deal Mitch setup a software firm in Seoul, South Korea. While at Avalon he was the COO and was instrumental in the development and distribution of the proprietary Avalon FX Pro trading platform, now owned by FXCM. Prior to that, Mitch was the Chief Operating Officer at a California-based Futures Commission Merchant (a "FCM") registered with the National Futures Association. In that capacity, he performed numerous operational roles in the areas of Sales, Customer Service, Marketing, Trading and Compliance and Capital raising.

More from the Author

Executives

Executive Interview with Elina Pedersen | Your Bourse | FMLS:24

Executive Interview with Elina Pedersen | Your Bourse | FMLS:24

Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

Executive Interview with Elina Pedersen, Chief Revenue Officer at Your Bourse at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
More Videos

  • Executive Interview with Rauan Khassan | TradingView | FMLS:24

    Executive Interview with Rauan Khassan | TradingView | FMLS:24

    Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Executive Interview with Rauan Khassan from TradingView at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation #nvidia #DigitalAssets #GlobalFinance #globalbanking 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24

    Executive Interview with Nadia Edwards-Dashti | Harrington Star | FMLS:24

    Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟 What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch. #fmls #fmls24 #fmevents #recruitment #financialcareers 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Fintech Talent in the UK: The Human Factor Driving Industry Change 🌟 What does it take to attract, retain, and upskill the best fintech talent in today’s rapidly evolving UK market? In this engaging interview, Nadia Edwards-Dashti, Chief Customer Officer at Harrington Star, explores the future of talent recruitment, the rise of sales roles, and how AI is reshaping the industry—without replacing the human touch. #fmls #fmls24 #fmevents #recruitment #financialcareers 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Roberto Politano | Finnovate Finance | FMLS:24

    Executive Interview with Roberto Politano | Finnovate Finance | FMLS:24

    Executive Interview with Roberto Politano from Finnovate Finance at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Executive Interview with Roberto Politano from Finnovate Finance at the Finance Magnates London Summit 2024 #fmls #fmls24 #fmevents #RetailTrading #FintechInnovation 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Executive Interview with Drew Niv | TraderTools & ATFX | FMLS:24

    Executive Interview with Drew Niv | TraderTools & ATFX | FMLS:24

    #fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    #fmls #fmls24 #fmevents #cyptotrading #DigitalAssets #pepperstone 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!