Prime Broker agreement & fees | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Prime of Prime Broker 631 replies

Broker Fees - Spread & Commission 4 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

From Retail Broker to Prime Broker and WHY 26 replies

Would you trade more if broker fees were lower? 18 replies

Prime Broker agreement & fees

  • #1
  • First Post: May 17, 2015 2:22am May 17, 2015 2:22am
If you ever wanted to see what a prime brokerage agreement between a big bank (Citi) and a "joint family office" of rich FX traders looks like, now's your chance:

From Bloomberg's coverage of a FX dispute over the SNB crash:
http://www.bloombergview.com/article...ners-fx-losses

Refer to the pdfs attached to this article (Prime brokerage agreement, ISDA agreement...). With $10M of collateral, they had a 20 to 1 leverage and a commission of $6 per million notional...
  • #2
  • May 17, 2015 4:22am May 17, 2015 4:22am
useful link hope it help to know more about brokers
Quoting egkid
was checking some brokers and found this info maybe it helpfull it's about SN and affections to 75 brokers http://www.forexcrunch.com/snbomb-re...forex-brokers/

hope that help when choose a broker http://www.cftc.gov/MarketReports/Fi...FCMs/index.htm
  • #3
  • May 17, 2015 4:53am May 17, 2015 4:53am
Thank you for sharing this... that was good profit for Citibank though (if SNB never happened)... $6 per mil USD
  • #4
  • May 17, 2015 7:14am May 17, 2015 7:14am
Quoting actalis
If you ever wanted to see what a prime brokerage agreement between a big bank (Citi) and a "joint family office" of rich FX traders looks like, now's your chance: From Bloomberg's coverage of a FX dispute over the SNB crash: http://www.bloombergview.com/article...ners-fx-losses Refer to the pdfs attached to this article (Prime brokerage agreement, ISDA agreement...). With $10M of collateral, they had a 20 to 1 leverage and a commission of $6 per million notional...
Yeah, heard about these two guys, I like how it sounds Joint Family Office. They used 3d party platform and after breaf calculations their transaction cost $12 round trip per mio.plus spreads, nothing extraordinary low.
Honestly I don't understand how cabletrader and others seek PB and spreads close to Zero, trading 20m pounds in one clip with collateral 500k and margin 50% or 100%and half a yard flow per month. Sounds like trolling !!!
  • #5
  • May 17, 2015 8:07am May 17, 2015 8:07am
Quoting M967
{quote} Yeah, heard about these two guys, I like how it sounds Joint Family Office. They used 3d party platform and after breaf calculations their transaction cost $12 round trip per mio.plus spreads, nothing extraordinary low. Honestly I don't understand how cabletrader and others seek PB and spreads close to Zero, trading 20m pounds in one clip with collateral 500k and margin 50% or 100%and half a yard flow per month. Sounds like trolling !!!
lol a direct attack
  • #6
  • May 17, 2015 8:13am May 17, 2015 8:13am
Quoting plotinus82
{quote} lol a direct attack
Discussing here PB is a fully waste of time. Chao!
  • #7
  • May 17, 2015 9:00am May 17, 2015 9:00am
Quoting M967
{quote} Discussing here PB is a fully waste of time. Chao!
only a few actually understand how a PB works here anyways.
  • #8
  • May 17, 2015 11:52am May 17, 2015 11:52am
Quoting M967
Honestly I don't understand how cabletrader and others seek PB and spreads close to Zero, trading 20m pounds in one clip with collateral 500k and margin 50% or 100%and half a yard flow per month. Sounds like trolling !!!
I expected more from you.

It is ok to not understand things. But it is something completely different to turn something you don't understand into a purposeless attack.
  • #9
  • Last Post: May 17, 2015 11:54am May 17, 2015 11:54am
Quoting actalis
If you ever wanted to see what a prime brokerage agreement between a big bank (Citi) and a "joint family office" of rich FX traders looks like, now's your chance: From Bloomberg's coverage of a FX dispute over the SNB crash: http://www.bloombergview.com/article...ners-fx-losses Refer to the pdfs attached to this article (Prime brokerage agreement, ISDA agreement...). With $10M of collateral, they had a 20 to 1 leverage and a commission of $6 per million notional...
That's great info. Thanks!

I'll check it out in further detail.
0 traders viewing now