PT  - JOURNAL ARTICLE
AU  - Philip Simotas
TI  - Implementing an Active Currency Strategy Using FX Prime Brokerage and Electronic Trading
AID  - 10.3905/jot.2006.618225
DP  - 2005 Dec 31
TA  - The Journal of Trading
PG  - 55--57
VI  - 1
IP  - 1
4099  - https://pm-research.com/content/1/1/55.short
4100  - https://pm-research.com/content/1/1/55.full
AB  - FX prime brokerage has been gaining in popularity over the past 10 years. Before the adoption of this new clearing facility, currency overlay implementation for many FX risk managers was time consuming and fraught with back-office-related risks. FX prime brokerage has also become a critical component in accessing the burgeoning electronic FX market. FX prime brokerage has not yet been adopted on a large scale by the currency overlay industry, though it has become increasingly popular in the absolute return world. The author details the evolution and future of FX prime brokerage while discussing the benefits and implementation issues.TOPICS: Currency, exchanges/markets/clearinghouses, risk management