FXall provides fully automated prime brokerage services

Settlement Center now includes a prime brokerage package that automatically notifies your prime broker of give-ups on all FX transactions.

First Published by e-Forex News: April, 2004

Settlement Center now includes a prime brokerage package that automatically notifies your prime broker of give-ups on all FX transactions. It processes trades executed over FXall Trading or off-platform. It leverages the existing Settlement Center network of more than 45 executing banks and prime brokers to automate give-up messages between counterparties.
FXalls QuickConnectTM ensures that the process is fully automated by providing integration to the trading, treasury and portfolio management systems of all counterparties. Settlement Centers trade matching technology is applied to match trade details between the executing bank and client. It then sends the details of the match on to the prime broker. After accepting the give-up, Settlement Center sends a notification to each party. Then the system automatically generates reverse give-up notifications to the banks owning the trading accounts.