Frances Maguire
Frances Maguire

A commitment to excellence meeting regional demand for FX Prime Brokerage services

As FXPB continues to grow, Frances Maguire speaks to a selection of leading FX prime brokers to see how they are catering for regional demand and expanding services to meet the diverse needs of new and established clients worldwide.

Electronic trading is transforming FX markets, with the global daily average foreign exchange market turnover hitting $4 trillion in April 2010, and while electronic execution methods have initially boosted growth in the main financial centres, this trend is also likely to lift turnover in other countries in the coming years. Furthermore, given the increasing complexity of trading FX OTC derivatives products, now slated for mandatory clearing through central counterparties on both sides of the Atlantic, it is expected that FX prime brokers will become more in demand as customers navigate their way through cleared and non-cleared FX products. Tony Dalton, global head of FX prime brokerage at Bank of America Merrill Lynch, says that the current global economic environment is having an impact across all regions. “We have signed up a number of different clients, from various regions such as Asia and Latin America, which would not have been traditional targets for us before the...continued

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