The Prime Brokerage and the Credit Crunch: An in depth discussion in Geneva, Switzerland
A moot point among pretty much everyone in the OTC FX industry is the current relationship between prime brokerages and banks. Ryan Nettles and Andrew Saks-McLeod delve deep into the current issues that face liquidity distribution in the FX industry
“Over the past five years there has been a drive toward transparency, and there have been many incidents in the industry such as the Swiss National Bank event and other geopolitical issues and as a result there are a lot of volatile moments in the FX market and the whole financial industry which has caused some of the larger Tier 1 prime brokers to pull back a bit due to worry of credit risk with regard to who they do business with” – Ryan Nettles, Head of FX Trading and Market Strategy, Swissquote
Bank SA
