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Retail FX
B-Book Prime of Primes Are Risky for Brokers, but A-Book Counterparts Are Rare
2024-07-29T11:42:02.556+02:00
Agreements between B-book prime of primes and brokers often end up in disputes during periods of heavy losses.
Although A-book prime of primes have benefits, they need direct access to bank prime brokers.
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drew niv
Institutional FX
Crypto Prime Broker FalconX Opens FX Desk Led by Ex-BCB Executives
2024-05-28T11:08:51.230+02:00
The FX desk will offer access to 20 forex pairs.
It will be led by Ben Sebley, the former Chief Growth Officer at BCB Group.
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Institutional FX
Hedge Funds Sound Alarm on FX Prime Brokerage Market Changes
2023-10-30T10:38:53.840+02:00
A new report reveals hedge funds' growing concerns over FX prime brokerage consolidation.
Firms face risks like reduced liquidity and lack of backup plans if their primary broker exits.
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Institutional FX
GCEX Targets Broker Risk with XplorRisk Overhaul
2023-09-26T09:45:00.000+02:00
The XplorRisk upgrade aims to optimize trading operations in FX spot, metals and digital assets.
The new features were designed to give brokers a broader view of their risk exposure.
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Institutional FX
Marex Diversifies Portfolio with Cowen Prime Brokerage Acquisition
2023-09-22T15:57:03.661+02:00
This move adds essential market infrastructure to Marex's services.
Marex acquired ED&F Man Capital Markets last year.
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Institutional FX
BTIG Announces Leadership Changes: Anton LeRoy Takes Charge as CEO
2023-09-05T17:32:14.543+02:00
Kovalik and Steven Starker have assumed the roles of Co-Chairmen of the Group.
LeRoy brings over 25 years of industry experience to his role.
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CryptoCurrency
Finery Markets Partners with Bequant to Simplify Institutional Crypto Trading
2023-06-19T10:42:38.295+02:00
Institutional crypto trading gets a boost from the newest partnership.
Bequant will use FM Liquidity Match to offer crypto OTC prime brokerage services.
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Institutional FX
STP Boosts Offering with DFSA-Approved Prime Brokerage Services
2023-06-05T11:56:58.403+02:00
STP receives DFSA approval to provide prime brokerage services.
The move aims to cater to the needs of increasing HNWIs, and institutional investors.
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Institutional FX
Institutional Crypto Needs Greater Trust. Prime Brokers Can Help
2023-05-04T09:21:12.593+02:00
Better credit relationships would boost certainty and confidence.
But for the dominant retail side, the decentralized ethos is key.
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Institutional FX
US Firm Wedbush Expands into FX Prime Brokerage, Taps Jefferies Execs
2023-04-12T17:05:09.854+02:00
The new unit is part of Wedbush Securities' FICCS division.
The FX prime brokerage team is being led by Michael Stone, ex-Jefferies Bache VP.
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Institutional FX
Britannia Expands Prime Brokerage by Adding FX, Commodity CFDs
2022-11-22T13:59:13.858+02:00
The company launched prime brokerage services last year in September.
It partnered with several technology platforms for expansion.
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Executives
IS Prime Hires NatWest Market’s Sandeep Nanuwan for Sales Role
2022-11-14T10:45:00.000+02:00
Nanuwan is to focus on institutional sales to banks, hedge funds and asset managers.
He has worked with Deutsche Bank and Morgan Stanley for the past nine years.
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CryptoCurrency
Floating Point Group Integrates ML Tech for Offering Algo Trading Strategies
2022-10-14T10:57:40.805+02:00
The startup is backed by Coinbase Ventures and other prominent VCs and angel investors.
It has added multiple former Wall Street executives.
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Institutional FX
Hidden Road Introduces OTC Prime Brokerage for Crypto
2022-10-13T19:19:26.911+02:00
The majority of the top 25 liquidity providers have been onboarded, Hidden Road says.
The credit network secured $50 million from its Series A funding three months ago.
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Executives
EXCLUSIVE: Advanced Markets Bermuda Appoints Omar Qaryouti as MD Commercial and Sales
2022-10-11T12:49:16.368+02:00
Qaryouti joined Advanced Markets from CMS Prime.
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Institutional FX
Invast Global Opts for oneZero to Replace Many of Its Current Systems
2022-09-08T09:00:00.000+02:00
Invast Global is deploying oneZero to meet its core trading technology needs.
The prime broker praised oneZero's Algorithmic Pricing Module feature.
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Prime Brokerage
Exclusive: Jefferies to Migrate FX Prime Brokerage Clients to Another Institution
2022-09-01T10:17:47.988+02:00
The company is exiting its forex prime brokerage business.
Several Jefferies clients reportedly found alternative clearing options.
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Institutional FX
ThinkMarkets Adds over 2,500 US-Listed Stocks, ETFs to Platform
2022-05-19T20:53:59.784+02:00
Clients can now trade over 4000 stocks and ETFs.
ThinkMarkets added five crypto CFDs to its platform in April.
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Institutional FX
Nick Garrow to Lead Trading Technologies’ Dive into New Asset Classes
2022-04-25T20:14:27.653+02:00
Garrow becomes TT’s EVP of Multi-Asset & Buy Side.
He brings over 20 years of experience to the new role.
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Institutional FX
Crypto Lending Platform Nexo Launches Prime Brokerage Services
2022-04-06T19:28:43.565+02:00
Nexo Prime was built over 18 months with a core client group.
Clients to have access to $375 million in custodial insurance.
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Executives
TopFX Welcomes Back Rachelle Matta as Global Head of Retention
2022-03-29T16:06:15.546+02:00
Matta was previously the prime broker’s Business Development Manager.
The certified AML specialist is bringing nearly two decades of experience to the table.
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CryptoCurrency
Gemini Acquires Omniex to Introduce Prime Brokerage Services
2022-01-20T16:03:20.186+02:00
Gemini acquires Omniex.
The acquisition would enable Gemini to offer brokerage services to clients
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Prime Brokerage
Barclays Expands Prime Brokerage Unit amid Archegos Collapse
2021-11-25T10:29:16.000+02:00
The bank has already started to hire staff for the expansion.
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Prime Brokerage
StoneX Extends Institutional Offerings with Prime Direct Launch
2021-10-19T15:12:06.000+02:00
The new offering will provide institutional routing and systems.
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Prime Brokerage
Britannia Global Markets Launches Prime Brokerage Service
2021-09-21T12:23:44.000+02:00
The new service will provide market access with multiple technology providers.
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See more
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