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Prime brokers deemed unimportant by investors


18 July 2012 New Jersey
Reporter: Georgina Lavers

A survey by Corgentum unearthed the surprising discovery that just 17 percent of investors felt that prime brokers were the most important hedge fund service provider, as compared to administrators and auditors...
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Goldman cuts back prime brokerage in Japan


16 July 2012 Tokyo
Reporter: Georgina Lavers

Goldman Sachs is paring down their Japanese prime brokerage business after the planned exit of unit head Toru Okabe. Okabe will leave the bank by the end of the month, after working in Goldman's prime brokerage section since 2000....
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Short selling has implications for SEB and EMCF


13 July 2012 Sweden
Reporter: Georgina Lavers

The European cash equities clearing company EMCF published a letter to clients on short selling. "We would like to bring the implementation of the EU Regulation on short selling to your attention...
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Tullett Prebon to offer anonymous trading with prime brokers


12 July 2012 London, New York and Singapore
Reporter: Georgina Lavers

Inter-dealer broker Tullett Prebon has a beta release of tpSPOTDEAL, a spot FX platform. The company has used Integral Development Corp., which supplies FX trading solutions and services, as its chosen technology provider...
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Finadium surveys asset managers


12 July 2012 Massachusetts
Reporter: Mark Dugdale

Â鶹´«Ã½ and investment research firm Finadium has released a report that identifies current concerns and future trends across custody, securities lending and collateral management...
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Iowa brokerage Peregrine files for bankruptcy


11 July 2012 Iowa
Reporter: Georgina Lavers

Peregrine Financial Group in Iowa (PFG) has had its accounts frozen after the National Futures Association (NFA) accused the brokerage of misrepresenting bank statements...
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J.P. Morgan integrates teams ahead of regulatory reform


11 July 2012 New York
Reporter: Mark Dugdale

J.P. Morgan has integrated the teams responsible for brokering client derivatives and securities trades with those that look after the back office aspects of those trades in response to regulatory reforms...
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Clearstream's June 2012 figures show increase


10 July 2012 Frankfurt
Reporter: Mark Dugdale

Post-trading services provider Clearstream of the Deutsche Börse Group has released its June 2012 figures, revealing that the monthly average outstanding for global securities financing services reached €598.3 billion...
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BNY Mellon settles Sigma lawsuit


09 July 2012 New York
Reporter: Mark Dugdale

BNY Mellon has agreed to settle a class action lawsuit connected to the Sigma Finance structured investment vehicle for up to $280 million...
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Euroclear’s highway to collateral


09 July 2012 Brussels
Reporter: Georgina Lavers

Euroclear has devised what it terms a ‘Collateral Highway’, which it hopes will create the first fully open global market infrastructure to source and mobilise collateral across borders...
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LIBOR scandal escalates


06 July 2012 London
Reporter: Georgina Lavers

The former CEO of Barclays, Bob Diamond, has apologised to UK MPs, but denied personal culpability, for the bank’s manipulation of LIBOR rates...