, banks, creditors and clients need to be part of a positive value chain and understand that brokers are now paid for the added value they bring to the transaction.
According to the agency, for nearly six years, ending in December 2013, OZ Management misidentified some trades in data provided to four of its prime brokers
. While the data didn't affect trade settlement, it did cause the four prime brokers
to inaccurately list approximately 552 million shares in their own books and records.
Many hedge fund and CTA managers express dissatisfaction with their prime brokers
' inability to offer technologies to help them more effectively manage risk and assist them with managing and growing their business, new research reveals.
A lot of prime brokers
are now bank holding companies, and that puts a different view on the cost of capital, and the cost of doing these types of things.
Last week, Christopher Fawcett, chief executive of Fauchier Partners, said "prime brokers
will begin to increase lending far sooner than people think".
The fund's prime broker
is Credit Suisse and the administrator is Citco.
"There are a lot of boutique operations in the region -- five guys in a garage and a prime broker
-- but we wanted to build a large asset management company, the best in Asia, with very specialized investment teams."
Firms must ensure that reconciliation breaks can be managed appropriately; Assess the impact of higher levels of disclosure required by SFTR on appropriate financing and prime broker
"All of the trades -- the purchases of offering shares and short sales -- cleared and settled in a Worldwide Capital master account at the firm's prime broker
FNIB.co carries the hedge fund prime broker
portal Albourne Village seal of approval.
Boutique multi-asset prime broker
, Invast Global, has said that it has named a non-executive director.
The platform utilises a multiple prime broker
credit model offering flexible means of access, including Java and FIX application programming interfaces and the Knight Direct graphical user interface, as well as an array of order types and FX algorithms.