Growth in prime brokerage reveals staffing divergence

- By FX Markets Staff
- @FXMarkets_
- 09 Jun 2003

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Although banks are reluctant to disclose staffing strategies, a poll of FX prime broking banks exposed widely divergent approaches.

While established FX prime brokers such as Credit Agricole Indosuez and Deutsche Bank have large dedicated FX prime brokerage teams, some newer entrants operate the business with a handful of staff.

But, as the industry moves towards electronic delivery of the service -- some bankers estimate that 60% of manual prime brokerage trades are subject to errors -- it

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