Tactical thinking: Surviving the gladiatorial prime brokerage arena…
According to industry data provider Coalition, the world’s 12 largest investment banks produced USD18.3 billion in prime services revenue last year, up 8.3 per cent on 2017, but despite this, the prime bokerage arena remains as gladiatorial as ever. This special report, featuring contributions from BNY Mellon Pershing and Cowen Prime Services, looks at some of the challenges facing prime brokers today, including uncleared margin rules for non-cleared derivatives, and how they are working to ensure that pricing models evolve sufficiently in line with market developments to win business and maintain profitability. There's also a look at how prime brokers can help hedge fund managers attract non-institutional asset allocations by connecting with the RIA community…
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