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An efficient and cost-effective way for banks to strengthen FX trading relationships with their customers, Currenex Prime Brokerage combines traditional prime broker capabilities, including trading on a prime broker bank's credit to access better prices and deeper liquidity, with full-service FX functionality from pre-trade analysis to straight through processing.
Increased automation of the entire trading process leads to greater accuracy and less manual intervention in trading processes. Instantaneous, user-defined reporting and position management is another advantage along with auditable trading records that meet management and fiduciary reporting requirements. Access to sophisticated analytical and risk management tools is yet another benefit.
View Prime Brokers already integrated to Currenex.
For customers
- Access to deeper liquidity and better prices
- Automatic execution on live, streamed prime broker bank prices; elimination of pre-transaction requests for quote
- Accurate, automated give-up notification and confirmation
- Seamless, straight through clearing and settlement options
For Prime Brokers
- No charge for give-up tickets
- Manage customer credit in real-time with sophisticated options
- Anonymous or disclosed Prime Broker dealing options
- Automatic application of spreads to streamed, executable prices on customer-by-customer basis
- Real-time check of daily limits
- Application of defined and flexible trading parameters
- Enhanced control over customer's FX trading activity
- Private label service options
- Integrate directly to Currenex or via 3rd party hub such as Traiana or Dealhub
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