Currently, the settlement of hedge funds' trades between their executing and prime brokers
occurs as OTC transactions without any CCP guarantee.
have suggested that hedge fund managers concentrate more business with them, though 60% of managers affected by repricing have in fact added more prime broker
The Harmony network now comprises over 80 executing brokers and 15 prime brokers
globally, for give up processing, allocations and T-0 matching with buy side firms, facilitating tighter risk controls and improved client servicing.
Gloss' new capabilities allow prime brokers
to offer full settlement services to buy-side investment firms and hedge funds, automating security and currency transaction processing, enabling firms to manage books and records in real-time and facilitating efficient asset servicing.
ENSO Color is a connective portal which enables prime brokers
to send security specific color commentary and balance sheet reducing opportunities directly to clients.
With UBS as a prime broker
, we will continue as a true prime of prime service provider with 100 percent STP model, committed to delivering elite service to our partners.
Prime custody' refers to the tailored servicing of unencumbered assets within alternative investment portfolios, performed by both prime brokers
and custodians to provide greater transparency and risk mitigation.
According to Wall Street Journal, Switzerland-based Credit Suisse (NYSE: CS) and Germany-based Deutsche Bank (NYSE: DB) have topped the list in a prime broker
NEW YORK -- Citi today announced its Prime Finance division was ranked second overall by hedge fund firms with at least $1 billion in assets in the 2009 Prime Broker
Survey conducted by Institutional Investor magazine, a move up from Citi's 2008 position of number three.
In a breakdown of the type of services that attracted the hedge funds to their prime broker
, the survey found that the technology/reporting function was the leading service (35%), followed by operations coverage/competency (30%) and execution rates (25%).
Premiere New Prime Broker
nominated for Best Small Prime Broker
of the Year and Best Capital Introduction Program for Small Prime Brokers
Organizational structure Only one prime broker
surveyed is a standalone, separate and distinct business unit.