January - Prime brokerage kick-starts the year

January

Prime brokerage kick-starts the year

Banks were quick to pick up on one of the big growth industries of the year when they reported a boom in prime brokerage for foreign exchange in January.

The return of funds to forex trading prompted the trend, which led to a recruitment drive at Bank of America to cope with increased demand. Growth in automated prime brokerage was particularly strong, as UBS Warburg took its service online and multi-bank portal FXall added to its existing prim