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Prime Brokerage

Prime Brokerage

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Welcome to the Prime Brokerage Group @ WSO.

To help each other out, once you join the group feel free to post a brief description of what your job role is and ways that you'd like to utilize the group.

Here's a good template to start with:

1) What PB firm do you work at? Large BB? Boutique PB? If you don't work in Prime Brokerage, what kind of relationships do you have in the PB business?

2) How long have you been in the field?

3) Location (obviously optional)

4) What you're looking to get out of the group

It would be great if this group can be used for networking, job advice, questions, and so on.

The Prime Brokerage world is large, yet small and connected in many ways. Everyone knows everyone. Let's create an open network on WSO in which we can feed off each other and even possibly create business opportunities.

Thanx,

rothyman

soni's picture

Basic queries on PrimeBrokerage

(Chimp, 3
 
Points)
 on 3/4/13 at 6:12am

Hi,
I am trying to learn about Prime Brokerage, and have have few basic queries listed below. Could someone clarify these basic doubts please?

1. I keep on reading in online documents that after PB Client enters
into trade with counterparty, it informs trade details to PB and
counterparty also gives up trade to PB.

a. Is counterparty same as executing broker or is it
different?

b. How does PB Client informs trade details to PB? Is it via
email, phone, fax, CSV/XML file upload, FIX connection
or by some other means?

c. How does counterparty give up trades to PB? By electronic
means or by email etc.?

d. How does PB Client trade with counterparty? Is it via
electronic trading?

rothyman's picture

Rothyman Intro

HF
(King Kong, 1,163
 
Points)
 on 6/21/12 at 8:34pm

I currently work for a Hedge Fund/Prime Brokerage Technology company. We provide trading, portfolio management, risk management, and reporting solutions for both Hedge Funds and Prime Brokers.

I've been in finance for a little over 2 years and have been in the Prime Brokerage Technology field for around 6 months now.

I have several relationships with most of the major Prime Brokers (think Merril, JPM, Goldman, etc) and some of the smaller brokers as well. Since we offer our services to both HFs and PBs, I have several relationships with Hedge Funds as well. This makes lead sourcing with Prime Brokers very beneficial to both parties.

Currently located in the NYC area.