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Prime brokerage: The intersection of challenge and opportunity

The TRADE

Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. Elsewhere, other local regulatory changes and benchmark replacements continue to impact prime brokers.

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CLSA appoints ex Morgan Stanley as algorithmic sales trader

The TRADE

Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland Asset Management, working on the multi-asset global trading desk.

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TS Imagine and Cassini Systems announce partnership as firms seek to increase market share in the hedge fund and prime brokerage space

The TRADE

This means that the margin requirement is quite material – it’s quite a significant amount.” Morgan further asserted: “Nobody wants to cut corners when it comes to risk management […] that means that clients want to future-proof their businesses.

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Fireside Friday with… Generali Insurance Asset Management’s Marie-France Gavillon

The TRADE

Our role today is to implement these processes to automate as much as possible, while respecting constraints related to compliance, risk management, etc. However, I believe that some professions are at risk of disappearing, such as broker roles in high touch – but we have been saying that for years, and yet they are still here.

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People Moves Monday: RBC, Tourmaline Partners, BlueX and more…

The TRADE

Elsewhere, Kirk is set to oversee and enhance Tourmaline’s services in support of asset managers globally as part of his new role. BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

New rules have impacted almost every financial firm, ranging from banks to asset managers. In a wider sense, Basel III impacted financial market by promoting greater stability, resilience, and risk management within the banking sector. The years following 2008’s GFC experienced continued financial regulatory reform.