Author Topic: Global Prime  (Read 193515 times)

Offline alex100

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Re: Global Prime
« Reply #840 on: June 13, 2019, 07:50:03 PM »
That's interesting that they succeeded negotiate with LPs good spreads but failed to negotiate good swaps ???

Online diyforexskills

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Re: Global Prime
« Reply #841 on: June 14, 2019, 02:03:40 AM »
The rates do change and they seem somewhat better these days.
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Offline jemook

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Re: Global Prime
« Reply #842 on: August 09, 2019, 03:00:11 AM »
Thanks for the comments and analysis!

We have an institutional liquidity setup with multiple Prime Broker relationships that we hold real exposure with and as such our swaps reflect what we are charged by our Prime Brokers.

Retail brokers that internalise the majority of trades don't owe or pay swap to a third party on those internalised trades as they aren't holding real exposure in the market - this effectively allows them to charge whatever they want as for them it's all profit, no cost on those trades.

In saying this I just compared some of our majors swap rates (EURUSD, GBPUSD, USDCAD, USDJPY) vs competitors and we are pretty close. Of course we can always improve! One of the projects we are working on is to clear swaps with another party rather than our Prime Broker - will be great once that's up and running.


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