Newedge Enhances FXPB Platform
Newedge, a global leader in multi-asset brokerage and clearing, announced the launch of a new Foreign Exchange (FX) Prime Brokerage (PB) platform. While Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi has been a part of the company’s robust suite of prime brokerage services for institutional clients, this enhanced version will provide institutional clients with unrivaled access to the global currency market, the largest, most liquid market in the world.
Connectivity to the forex market’s electronic platforms has been significantly expanded, while the infrastructure supporting the processing of trades for managers and investors across multiple accounts and clearing brokers has been updated, to ensure Newedge clients are able to seamlessly execute their FX trading strategies and benefit from significant cross-margining opportunities.
“Newedge’s FX offering, coupled with our wider capabilities as a leading Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p and global futures commission merchant (FCM), provides hedge fund managers and institutional investors with the most efficient platform to support their FX and multi-asset business,” said Jasper Chua, Associate Director, Origination & Structuring at Newedge.
“The prime brokerage space is a highly competitive market,” said Andrew Waterworth, Global Head of Fixed Income and Currency Strategies at Newedge. “The investment in new technology we have undertaken and the expertise of our talented prime brokerage team will ensure that Newedge continues to provide industry leading prime brokerage services that give clients the strongest, agency-based FX PB platform, which is closely integrated across all asset classes.”
Newedge’s multi-asset prime brokerage offering provides services across global exchanges, instruments and asset classes with a detailed knowledge of hedge fund and CTA trading strategies, their structures, operational set-up and investor objectives.
Newedge, a global leader in multi-asset brokerage and clearing, announced the launch of a new Foreign Exchange (FX) Prime Brokerage (PB) platform. While Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi has been a part of the company’s robust suite of prime brokerage services for institutional clients, this enhanced version will provide institutional clients with unrivaled access to the global currency market, the largest, most liquid market in the world.
Connectivity to the forex market’s electronic platforms has been significantly expanded, while the infrastructure supporting the processing of trades for managers and investors across multiple accounts and clearing brokers has been updated, to ensure Newedge clients are able to seamlessly execute their FX trading strategies and benefit from significant cross-margining opportunities.
“Newedge’s FX offering, coupled with our wider capabilities as a leading Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p and global futures commission merchant (FCM), provides hedge fund managers and institutional investors with the most efficient platform to support their FX and multi-asset business,” said Jasper Chua, Associate Director, Origination & Structuring at Newedge.
“The prime brokerage space is a highly competitive market,” said Andrew Waterworth, Global Head of Fixed Income and Currency Strategies at Newedge. “The investment in new technology we have undertaken and the expertise of our talented prime brokerage team will ensure that Newedge continues to provide industry leading prime brokerage services that give clients the strongest, agency-based FX PB platform, which is closely integrated across all asset classes.”
Newedge’s multi-asset prime brokerage offering provides services across global exchanges, instruments and asset classes with a detailed knowledge of hedge fund and CTA trading strategies, their structures, operational set-up and investor objectives.