What Makes a Prime Broker Successful?

by Mitch Eaglstein
  • A PB firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources.
What Makes a Prime Broker Successful?
Bloomberg

Deep pools of Liquidity : a prime brokerage firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources and in turn provide deep pools of liquidity to its customer. This allows for large ticket trade sizes with robust execution.

Services: A prime brokerage firm should provide a myriad of services to its clients. These services include trade consolidation, post trade Risk Management , trade reporting, innovative technology solutions and 24 hr global support to service its clients

Strategic Advice: A prime brokerage firm should develop a synergistic relationship with its clients. As such, the prime brokerage firm should provide FX prime brokers offer strategic advice to clients on a wide range of legal, accounting, market, risk management and technology matters to help their clients progress in the long term.

Deep pools of Liquidity : a prime brokerage firm should be able to utilize its relationships with its Tier 1 banks to obtain liquidity from multiple sources and in turn provide deep pools of liquidity to its customer. This allows for large ticket trade sizes with robust execution.

Services: A prime brokerage firm should provide a myriad of services to its clients. These services include trade consolidation, post trade Risk Management , trade reporting, innovative technology solutions and 24 hr global support to service its clients

Strategic Advice: A prime brokerage firm should develop a synergistic relationship with its clients. As such, the prime brokerage firm should provide FX prime brokers offer strategic advice to clients on a wide range of legal, accounting, market, risk management and technology matters to help their clients progress in the long term.

About the Author: Mitch Eaglstein
Mitch Eaglstein
  • 7 Articles
  • 6 Followers
About the Author: Mitch Eaglstein
Mitch has extensive experience in Senior Level management of OTC related software and brokerage companies. Having worked previously as Managing Director at Boston Prime Ltd, Mitch was also CIO of FXCM Systems, LLC which was the result of a deal between FXCM Holdings and Avalon Capital Holdings, wholly owned subsidiary Traders Development. As part of this deal Mitch setup a software firm in Seoul, South Korea. While at Avalon he was the COO and was instrumental in the development and distribution of the proprietary Avalon FX Pro trading platform, now owned by FXCM. Prior to that, Mitch was the Chief Operating Officer at a California-based Futures Commission Merchant (a "FCM") registered with the National Futures Association. In that capacity, he performed numerous operational roles in the areas of Sales, Customer Service, Marketing, Trading and Compliance and Capital raising. Mitch has extensive experience in Senior Level management of OTC related software and brokerage companies. Having worked previously as Managing Director at Boston Prime Ltd, Mitch was also CIO of FXCM Systems, LLC which was the result of a deal between FXCM Holdings and Avalon Capital Holdings, wholly owned subsidiary Traders Development. As part of this deal Mitch setup a software firm in Seoul, South Korea. While at Avalon he was the COO and was instrumental in the development and distribution of the proprietary Avalon FX Pro trading platform, now owned by FXCM. Prior to that, Mitch was the Chief Operating Officer at a California-based Futures Commission Merchant (a "FCM") registered with the National Futures Association. In that capacity, he performed numerous operational roles in the areas of Sales, Customer Service, Marketing, Trading and Compliance and Capital raising.
  • 7 Articles
  • 6 Followers

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