Prime Brokerage Services I recently ran across the term, prime brokerage, and I had no idea what it was. I figured it was some kind of elite broker based on the word prime, kind of like the use of the word prime in prime rib. This is sort of right. However,Nike Air Max 2013 Cheap, I soon discovered that if you have more than a few hundred thousand in your account, you should learn about what a prime brokerage can offer you.At a basic level, a prime brokerage is simply a broker that offers a group of specialized services to top clients. This service spawned from the needs of hedge funds. A prime brokerage facilitates the clearance and settlement of securities traded by active market participants. The key advantage of a prime brokerage is that it usually provides a client with ability to trade with multiple brokerage houses while maintaining a centralized master account with all of the clients cash and securities. A prime brokerage often includes the following services: * Securities lending * Margin financing * Trade processing * Cash management * Reporting * Operational supportOther more specialized services may also include assistance with introducing hedge fund clients with hedge fund managers. It can also include office space leasing on-site for clients. There are also a wide variety of risk management and regulatory consulting services offered. Other prime brokers specialize in niche segment of the financial markets, such as IPOs. For example, Triad Securities provides comprehensive data on the global new issue market.Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs, UBS,Nike Air Max 90 Womens, Morgan Stanley, and Triad Securities. They offer a more customized and personalized service for their largest and most active customers. It will likely be quite some time before I ever need to consider such services personally,Cheap Nike Air Max 24-7 Mens, but its good to know what is out theres for the top market participants.
