Rapid expansion takes prime brokerage into the mainstream

Having grown steadily over the past three years, prime brokerage has now become a ‘must-have’ product for banks wanting to service forex clients. As a result, banks are pouring investment and resources into the product to ensure they are providing a sufficient service.

"It will get to the stage where if you’re active in FX you’re going to look for a bank that can offer prime brokerage," said Eisso VanderMeulen, head of FX prime brokerage at ABN Amro in Chicago.

UBS is one of the banks curren