Seven Banks Join Fxall's Prime Brokerage Platform
The first wave of seven leading banks have joined FXall’s prime brokerage solution. The banks include ABN Amro, Bank of America, Credit Agricole Indosuez, Dresdner Kleinwort Wasserstein, HSBC, Lehman Brothers and The Royal Bank of Scotland. FXall’s prime brokerage functionality will be available through FXall Settlement Center which currently has more than 150 customers. Using Settlement Center, banks and their customers will be able to connect to an industry standard messaging hub that allows for real-time messaging and automatic notification of prime brokerage deals, said Fxall. The automated functionality is compatible with any prime brokerage environment, and can be used for all prime brokerage trades – regardless of whether they are executed on FXall or through other channels.