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FINANCIAL MARKET COURSES

Prime Brokerage

Courses In This Course

Prime brokerage is a generic name for a bundle of services offered by a firm (such as an investment bank or broker/dealer) to institutional clients, such as hedge funds, managed funds, and other money managers. The services provided by prime brokers include trade execution, settlement and custody, margin financing of trades, lending securities for short sale, and capital introductions. Prime brokers earn their revenue mainly through spreads on financing their clients' equity positions.

Objectives

In this course, you will explore:

The fundamentals of the prime brokerage business

The prime broker as it functions in a wider arena and the ancillary benefits derived from a prime brokerage operation

The ever-increasing demands placed on prime brokers by institutions that use their services

Prerequisite Knowledge

A fundamental understanding of financial markets and trade processing is assumed.

Learner Profile

This course is designed for:

New or recent recruits to banking and financial organizations

Client service representatives

Operations and support staff

Finance and accounting staff

IT staff

Compliance and regulatory staff

  •    PRIME BROKERAGE - AN INTRODUCTION

    Overview

    Prime brokerage grew from a need to process and control more efficiently the trades of institutions such as hedge funds, money managers, and investment advisers. These institutions are advised on different strategies and, to pay for this advice, they place trades through prime brokerage facilities. The commission charged for the trade pays for the research and other services provided.

     

    This course explains prime brokerage and the benefits it provides to different institutions. The course also discusses the prime brokerage trade process, the participants in the process, and the roles of these participants.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Trade Processing – An Introduction

     

    Author/Reviewer: David Weiss

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  •    PRIME BROKERAGE - THE PRIME BROKER'S

       VIEWPOINT

    Overview

    In terms of the potential rewards, a firm’s investment in developing its prime brokerage business can prove extremely worthwhile. Since the dawn of the millennium, the business of servicing hedge funds has matured significantly and now represents one of the most important divisions of many of the leading investment banks. Prime broking itself is not just highly profitable, but also offers a route to sell other services to hedge funds and other clients.

     

    As explained in the course ‘Prime Brokerage – An Introduction’, there are several reasons why a bank or broker/dealer might want to become a ‘prime broker’. Among the reasons given were revenue enhancement and inventory supplementation. This course explores the prime broker as it functions in a wider arena, and looks at the ancillary benefits derived from a prime brokerage operation.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Prime Brokerage – An Introduction

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  •    PRIME BROKERAGE - THE INSTITUTION'S

       VIEWPOINT

    Overview

    The selection of a prime broker by an institution is a critical and multifaceted decision. It is critical because institutions have different goals, finances, and structures, and they require different levels and types of service. This course provides an overview of the relationship between an institution and the prime broker. It explains the importance placed on the timeliness and accuracy of trade execution and data recording, and elaborates on the various other needs of institutions (or their clients). Finally, the course explains some of the ancillary services provided by a prime broker to its institutional clients.

    Course Duration

    60 mins

    Prerequisite Knowledge

    Prime Brokerage - An Introduction

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