Podcast Episode #2 – The rise of the non-bank Prime of Prime ecosystem.
Andrew Saks-McLeod and Paul Orford examine the current explosion in Prime of Prime and non-bank institutional liquidity provision, and how this will go one of three ways!
In the first part of a regular series of Podcasts at FinanceFeeds, we, along with senior FX industry executives, explore incisive and important topics in the FX industry, in a charismatic and entertaining fashion.
Today, Paul Orford, Head of Institutional Sales at Cyprus-based Prime of Prime brokerage AMB Prime joins Andrew Saks-McLeod to examine the rise of the non-bank Prime of Prime brokerages, and how the integration technology specialists are a critical component to facilitating the best execution model in the retail sector by creating the relationship between Prime of Prime and retail brokerage.
We look at how there has been a Prime of Prime explosion lately, and in light of reduced extension of credit by banks, how the non bank ECNs and better Prime of Prime relationships are vital in order to maintain best execution, which will in future go one of three ways!