PoP debate rekindles following Stater Global Markets exit

Prime-of-prime broker leaves space after financial backer withdraws support

balance sheet
Vital statistics: a solid balance sheet is absolutely essential to run a prime-of-prime, says Ramy Soliman

The decision by Stater Global Markets to close shop last month has rekindled the debate on the merits of the various prime-of-prime (PoP) models active in the space and what it takes to survive in this world.

Whether they find themselves on the ‘true’ PoP end of the spectrum, serving as genuine credit intermediaries between prime brokers and end-clients, or whether they are brokers adding a variety of extra services on top of extending credit, the PoPs FX Week spoke to agreed that size does

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