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	Encyclopedia article: Prime brokerage (Site not responding. Last check: 2007-10-22)
		Prime Brokerage is a term most companies employ to describe their Stock Brokerage activities for Hedge Fund (A flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging) customers.
		One of the main components of a prime brokerage operation is securities lending, that is either lending secured by stocks or bonds or the lending of stocks or bonds to customers.
		Prime Brokerage is an increasingly important source of profit for Investment Banks, as large institutional investors (especially mutual funds) have been very aggressive at demanding lower prices for their trading activities.
	www.absoluteastronomy.com /encyclopedia/p/pr/prime_brokerage.htm (357 words)

	Prime brokerage - Encyclopedia.WorldSearch (Site not responding. Last check: 2007-10-22)
		Prime Brokerage is a term most companies employ to describe their Stock Brokerage activities for Hedge Fund customers.
		One of the main components of a pime brokerage operation is securities lending, that is either lending secured by stocks or bonds, or the lending of stocks or bonds to customers.
		While this activity occours with all kinds of brokerages, it is especially important and profitable with prime brokerage, since hedge fund traders are known to primarily use shorting and leveraging techniques.
	encyclopedia.worldsearch.com /prime_brokerage.htm (251 words)

	Encyclopedia: Prime brokerage (Site not responding. Last check: 2007-10-22)
		Prime Brokerage is a service sold by investment banks to hedge funds.
		The concept and term "prime brokerage" is generally attributed to the U.S. broker-dealer Furman Selz in the late 1970s.
		In the pre-prime brokerage marketplace, portfolio management was a significant challenge; money managers had to keep track of all of their own trades, consolidate their positions and calculate their performance regardless of which brokerage firms executed those trades or maintained those positions.
	www.nationmaster.com /encyclopedia/Prime-brokerage (657 words)

	Debt Prime Brokerage Q&A (Site not responding. Last check: 2007-10-22)
		Prime brokerage permits the customer to use the Prime Broker as a clearing facility (and, in some cases, a source of financing) for all of the customer's securities transactions, wherever executed, as well as a central custodian for the customer's securities and funds.
		For example, equity prime brokerage, as reflected in the SIA Forms, is typically limited to DTC-eligible securities, and the SIA Forms require the Prime Broker and the Executing Broker to use the communication facilities of DTC to provide trade affirmations and confirmations.
		In debt prime brokerage, however, the relevant securities may not be traded through a registered clearing agency (e.g., transactions in government securities may be cleared through the Fedwire) and trade affirmations may be provided through other means of communication (e.g., orally).
	www.bondmarkets.com /story.asp?id=1763 (1445 words)

	The Prime Broker - a central part of the hedge fund industry (Site not responding. Last check: 2007-10-22)
		At first glance, Prime Brokerage is often characterised as a purely operational function responsible for the settlement, custody and reporting of a hedge fund's trades.
		Prime Broker's margining practices vary widely, but essentially they aim to ensure that in the event that a hedge fund client defaults on a loan, they are able to cover the full amount through the sale of the collateral assets.
		Prime Brokerage businesses are also expanding beyond their traditional roots as an equity product to include strategies that a few years ago would not be considered to need their services.
	www.eubfn.com /arts/goldman_sachs.htm (1324 words)

	Untitled Document
		The roots of foreign exchange prime brokerage can be traced to the early nineties when a handful of currency advisors began using the service as a way to improve execution and simplify their back offices.
		The prime broker will match the details of each and the trade will be "accepted." If the details do not match, the prime broker will revert back to each of the banks and the managers to rectify the discrepancy.
		The development and maturity of FX prime brokerage is having a significant positive impact on the efficiency of over-the-counter currency investing.
	www.mfainfo.org /neo_apps/article/article1.asp?article_id=1330&adate=11/1/2000 (1110 words)

	FX Week
		Prime brokerage, a system allowing clients to enter the market via a prime broker who trades on their behalf, has been more traditionally centred on the equity sector and particularly in North America.
		We have been developing products for small to medium-sized corporates who want FX prime brokerage, partly to outsource their back office.” However, the corporate market may turn out to be one which requires significant development before it becomes a major earner for banks.
		Previously one of the big pluses for funds using prime brokerage was to maintain anonymity in the markets, thus not revealing to competitors what positions were being taken and safeguarding the (usually substantial) position against rapid market moves and speculation.
	www.watersinfo.com /news/fxwk/fxclient_summer_2002/prime_time.asp (2282 words)

	Reference.com/Encyclopedia/Prime brokerage
		Prime Brokerage is a term used by investment banks to refer to a bundled package of services which are provided to hedge funds.
		The invention of the concept and term "Prime Brokerage" is generally attributed to the U.S. broker-dealer Furman Selz in the late 1970s.
		Clients whose market activities are pricipally fixed income oriented will generally produce less prime brokerage revenue, but may still present significant economic opportunity in the repo, fx, futures, and flow business areas of the investment bank.
	www.reference.com /browse/wiki/Prime_brokerage (642 words)

	Bloomberg.com: News & Commentary
		Prime brokers have extensive knowledge about the investment positions and strategies of their hedge fund clients that could be used by their firms to execute trades based on the information.
		Prime brokers say another potential conflict of interest they face is in what they call capital introduction: the practice of introducing hedge fund managers to potential investors.
		The staff at the SEC examined prime brokerage as part of its 2003 report on hedge funds, which led to the passage of a rule requiring hedge fund managers with 15 or more clients and at least $30 million in assets to register as investment advisers by February 2006.
	quote.bloomberg.com /apps/news?pid=nifea&&sid=amSXGsXepCN0 (4084 words)

	The Ongoing Evolution of Prime Brokerage (Site not responding. Last check: 2007-10-22)
		Prime brokers are typically documenting their deals under ISDA and as a result any other derivative products that the firm would want to do with its customers is automatically enabled.
		Lastly, prime brokers have to achieve a level of separation from their trading businesses that, to date, has not been achievable.
		Despite the best intentions of the prime brokers, it is still evident that clients have a high-degree of suspicion about the confidentiality of their positions from the trading desks.,.
	www.eubfn.com /arts/768AIG.htm (1175 words)

	"Prime Brokerage" Definition
		The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things.
		Prime Brokerage : a special group of services that many brokerages give to special clients.
		prime brokerage services are provided by most of the large brokers, such as goldman sachs, paine webber, and morgan stanley dean witter.
	www.level2.ru /dictionary/p/prime_brokerage.html (162 words)

	prime brokerage and Stock Trading at TradeStars + Stock Trading (Site not responding. Last check: 2007-10-22)
		prime brokerage and stock trading - all your prime brokerage in the quickest time possible with standard definitons to help you.
		course, are interested primarily in prime brokeragestock markets, which may actually be the most perfect of all markets, due to the extremely large number of participants, and the (generally) that economic activity has increased exponentially.
		The prime brokerage relationship, of course is not as simple as this, but nevertheless, there are good risky and can result in substantial financial losses in a very short period of time.
	www.tradestars.com /content/prime-brokerage.asp (248 words)

	GEHALTSNACHRICHTEN: Prime brokerage is prime hiring market
		Patel said there was strong demand for prime brokerage salespeople and that in some cases employers were even offering guarantees: 'Prime brokerage sales is one of the hottest things out there at the moment.
		Patel said prime brokerage sales people traditionally came from an equity finance background, but organisations were now considering anyone working in a position that involved sales to the hedge fund industry.
		IT experts with prime brokerage experience are popular, but anyone with a good track record of delivering technical applications in investment banks may be considered, Nicholson said.
	actu.efinancialcareers.ch /PAY_ITEM/newsItemId-18500000000027525 (630 words)

	Traiana - Trading Relationship Management (Site not responding. Last check: 2007-10-22)
		Prime brokerage is one of four core products offered to clients by GLS, which also includes margin trading, which Norena says brings a new type of liquidity to the bank’s clients; streaming price API, a liquidity pipe from Deutsche’s streaming executable prices to the client’s workflow platform; and Autobahn FX, Deutsche’s newly released trading platform.
		Prime brokerage is a model that lends itself to other asset classes.
		The FX prime brokerage unit also works closely with other services provided by the bank, adds Coyne, to ensure that the majority of Deutsche’s clients that deal across multiple asset classes can benefit from a tailored solution.
	www.traiana.com /about/pandl (1357 words)

	Prime Brokerage: One Service to Bind Them All
		In a new report, entitled Prime Brokerage: One Service to Bind Them All, Celent examines the current state of the prime brokerage market, looking at the explosive growth of the hedge fund industry and the potential for growth of prime brokers in the US, Europe, and Asia-Pacific.
		The days of equating prime brokerage services to simple back-office operations are long gone.
		Instead, prime brokers now support all aspects of investment management and transactions, ranging from capital formation and clearing and settlement to securities lending, financing, and technology services.
	www.celent.com /PressReleases/20020220/PrimeBrok.htm (287 words)

	PolarLake: News >> News >> 2005 >> Article (Site not responding. Last check: 2007-10-22)
		PolarLake’s prime brokerage solution reduces the costs associated with the provision of prime brokerage services to multiple clients, helping to deliver profitability in the short term, and provide competitive advantage by offering no-cost integration and reducing the ‘time to market’ for Prime Brokerage clients.
		As a consequence no technology changes need be imposed on the client, and clients can be plugged in to Prime Brokerage systems quickly and easily – either directly or through web services.
		“Prime Brokerage represents a significant and growing market opportunity – but as a result it is a highly competitive marketplace,” said Ronan Bradley, CEO of PolarLake.
	www.polarlake.com /en/html/news/press/2005/2005-06-29-prime.shtml (526 words)

	SS&C eNewsletter article: FX Prime Brokerage Standards
		The expectation is that instead of each prime broker having its own agreement with a dealer, the standardized agreement can be used, which would facilitate the negotiation of these agreements and reduce the time and money required to implement them.
		The result is one transaction between the dealer and the prime broker and an offsetting transaction between the prime broker and the designated party or funds or accounts for which that party executes foreign exchange trades.
		The growth of the FX prime brokerage market is fueled in part by technology and the standardized agreement is just one more piece required to continue the growth in the market.
	www.ssctech.com /e-news/article.asp?V=5&A=2398 (512 words)

	Morgan Stanley (Site not responding. Last check: 2007-10-22)
		Prime Brokerage Execution allows you to focus on what you do best: implement your investment strategy and pick stocks.
		Prime Brokerage Execution is a full-service, fully independent trading desk that assumes your trading function while providing you with superior execution.
		Whatever your goals, Prime Brokerage Execution is committed to working in partnership with you.
	www.morganstanley.com /institutional/primebrokerage/pb_execution.html?page=securities (522 words)

	Forbes.com: Banks intensify FX prime broker competition (Site not responding. Last check: 2007-10-22)
		Hedge funds require prime brokerage therefore prime brokerage is a growth area," said David Poole, chief operating officer at research and analytics firm ClientKnowledge.
		Prime brokerage services also benefit banks as the broking bank not only gets a nominal fee per trade with anyone other than itself but also captures a good proportion of trades itself.
		Coyne said 50 percent of its prime brokerage clients were new relationships.
	www.forbes.com /home_europe/newswire/2004/04/15/rtr1333065.html (929 words)

	PolarLake: Solutions>>Finance (Site not responding. Last check: 2007-10-22)
		Potential fees from Prime Brokerage services (clearing and settling of trades and lending against a broad range of assets, for example) offer a significant revenue opportunity.
		As a result Prime Brokerage is a highly competitive marketplace, and the goal is to offer Prime Brokerage services at the lowest possible cost, bring multiple new clients on-line as quickly as possible, and to react quickly to market changes and client requirements.
		PolarLake enables Prime Brokers to drive out the costs associated with integration, deliver profitability in the short term, and provide competitive advantage by offering no-cost integration to clients and reducing the 'time to market' for Prime Brokerage clients.
	www.polarlake.com /en/html/resources/finance/prime.shtml (833 words)

	prime brokerage (Site not responding. Last check: 2007-10-22)
		DrKW's Prime Brokerage group provides hedge funds with a strong combination of services to assist in their success.
		Prime Brokerage allows you to trade in the name of our counter-parties, which gives you the...
		UBS's Prime Brokerage Services is a portal to a new kind of solution - one that transforms prime brokerage from a basic operational service to a powerful conduit of global resources.
	www.tendonband.com /1405-prime-brokerage.htm (389 words)

	Hedge Funds \| HedgeWorld \| The Definitive Hedge Fund Community
		Prime Fund Solution offers services ranging from start-up support to administration and mid-office services, global custody, clearing, as well as equity financing and securities lending services.
		Specialty: Citigroup Global Prime Brokerage is committed to providing superior levels of personalized service to both equity and fixed-income clients.
		Citigroup Global Prime Brokerage clients et the advantage of the power of a large firm with the feel of personalized service.
	www.hedgeworld.com /sp_directory/search.cgi?sp_category=15 (1792 words)

	Lehman Brothers - Equity Finance & Prime Brokerage (Site not responding. Last check: 2007-10-22)
		Lehman Brothers received the most awards of all prime brokerage firms in the 2005 Global Custodian Prime Brokerage Survey, in which responding hedge funds rated and commented on firms and their market presence.
		Lehman Brothers was ranked as one of the top three brokerage firms for each of the categories listed.
		Through Lehman Brothers Prime Brokerage clients gain direct access to the entire Firm at the highest levels.
	www.lehman.com /equities/pb (241 words)

	Training Pages - Prime Brokerage
		Intermediate-level course examining the requirements of a successful prime brokerage business and the key tax and legal issues in both principal ownership and agency ownership structures.
		This course covers the development of prime brokerage into the sophisticated package of services it is today.
		The requirements of a successful prime brokerage business are laid out, followed by a look at the risks generated by the business and the systems environment required.
	www.trainingpages.co.uk /x/course,_S-4ilpVrcSAGBRYIEWMs,.html (215 words)

	Is ABN Ahead Of The Curve On Prime Brokerage? - Forbes.com (Site not responding. Last check: 2007-10-22)
		Prime brokerages used to just lend securities to funds, set up margin accounts for them and settle trades.
		For all its appeal, the biggest reason prime brokerage is so hot now may be that many other parts of banking are struggling.
		Banks don't disclose much about prime brokerage, but they do for the laggard businesses: Over three years, fees from mergers and acquisitions and equity underwriting in U.S. have fallen 56% and 31%, respectively, according to Dealogic.
	www.forbes.com /2003/10/03/cz_bc_1003abn.html?partner=lycos (990 words)

	Montgomery Prime Brokerage Services Receives High Marks in 1999 Survey (Site not responding. Last check: 2007-10-22)
		The 1999 Prime Brokerage Survey was designed to inform users of these services about the strengths of providers who specialize in servicing hedge funds and limited partnerships.
		The "Technology" category of the survey rated Montgomery Prime Brokerage at the top among its peers in both the $0 to $100 million and $100 to $500 million fund size categories.
		Montgomery Prime Brokerage Services was also given a high ranking in the "Client Service" category which is determined by the responsiveness, availability and knowledge of personnel in handling inquiries.
	www.bankofamerica.com /newsroom/press/press.cfm?PressID=press.19990414.01.htm&LOBID=10 (864 words)

	TD Securities Prime Brokerage Selects Eagle Investment Management Solutions
		TD Securities Inc.'s Prime Brokerage group provides money managers with the flexibility to trade with multiple brokers while consolidating one master account with TD Securities.
		The Prime Brokerage team is distinguished by its quality of client service, its integrity and its experience in the industry.
		Prime Brokerage clients enjoy access to other areas, services and strengths of TD Securities including: research; strategies and trade execution; strong operational support; structured finance; and Tax structuring.
	www.mellon.com /pressreleases/2004/pr080904.html (567 words)

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