It is expected that the addition of clearing and reporting for certain FX instruments will dramatically reshape the traditional FX prime brokerage model. Frances Faulds assesses the impact of the regulatory changes and how FXPB providers are rising to the challenge.

Saxo Bank has taken a major step forward and created Saxo Prime, an FX prime brokerage solution that expands and diversifies the banks offering to institutional clients. Saxo Prime provides FX Direct Market Access, allowing institutional clients looking for connectivity and / or credit intermediation to trade directly on primary FX market venues. The Saxo Prime FX liquidity solution, which is independent from Saxo Banks market making desk and infrastructure, offers DMA to managed pools, custom streams and ECNs. It combines prime brokerage services from Saxo Bank with high end connectivity from MarketFactory, a provider of low latency algorithmic trading software and hosted co-location services.

The new regulatory environment looks set to shape the future of FX prime brokerage as well as open up the services to a wider audience. Frances Maguire talks to providers about how the FXPB model is evolving and how they are preparing for new growth.

While FX prime brokerage is already a growth area, the added complexity of mandatory clearing for NDFs and FX options is likely to give the segment another boost as those drawn into clearing consider the benefits of a prime broker. Frances Maguire looks at what is in store.

As FXPB continues to grow, Frances Maguire speaks to a selection of leading FX prime brokers to see how they are catering for regional demand and expanding services to meet the diverse needs of new and established clients worldwide.

Now that dust from the financial crisis is beginning to settle, Frances Maguire explores how prime brokers are upping the ante on providing superior client servicing in order to fuel the next round of growth.

The events of the past 18 months have put credit firmly in the spotlight, giving rise to a new round of product innovation within the FX Prime Brokerage space. Frances Maguire explores how it has also raised the ante on improving customer service levels amongst the leading providers.

The dramatic defaults of Lehman Brothers and AIG prompted a flight to quality in the FX prime brokerage market. Frances Maguire looks at what it takes to be a provider of choice in the current environment and in the future.

Heather McLean explores ways in which the current extraordinary turbulence in global financial markets will present challenges to the FX Prime Brokerage industry.

Five years ago, the FX prime brokerage business was transformed by the automation of give-ups, so that the need to re-key these trades was eliminated, and straight through processing rates dramatically escalated. Since then, FX prime brokerage service offerings have become increasingly sophisticated. Frances Maguire speaks to some major players, about how they are looking to rethink the entire process and move to the next level of service, despite the testing times of the last year.

The recent growth of FX Prime Brokerage has been extraordinary and technology has had a central role in facilitating this. e-Forex invites John Colasanti, Head of Americas, FX Prime Brokerage sales at Citi, Ed Pla, Global Head of FX Prime Services at UBS, Marek Robertson, Head of FX Liquidity Solutions at Barclays Capital and Brian Duff, Head of Prime Brokerage, North America at RBS Greenwich Capital to discuss some of the key drivers and issues associated with this expanding industry.

FXPB expectations: views from the client-side

A major driver for growth in FX prime brokerage has been the hedge fund community and Frances Maguire investigates what they are looking for from their prime brokers.

Andy Coyne tells us why there are still a great many clients looking to their FX Prime Brokers to provide them with greater levels of support and value.

Stephen Swindon looks at how prime brokers are increasingly looking for ways to take a bigger share of the market and differentiate their offerings.

Jesse Drennan examines how automation of prime brokerage operations has created an IT overhead for fund managers and provides a solution to overcome the problem of competing protocols.

Frances Maguire sets out to determine what demands clients are now making on their FXPB Providers and why it's becoming harder to differentiate their offerings.

James Kemp looks at whats likely to shape the future evolution of FX Prime Brokerage.

Adam Sussman looks at why Prime Brokers will need to upgrade their technology to keep pace with the rate of change as the FX market continues to evolve.

While EBS Prime is some way from establishing itself as a true buy-side system, the implications of its possible success cannot be overstated argues Peter DAmario.

Stephen Dispenza answers questions about FX Prime Brokerage.

Gil Mandelzis outlines why there is such growing interest in providing Prime Brokerage services and what the key drivers pulling banks into this competitive market are.

The focus on STP in Prime Brokerage has progressed into examining the entire FX trading life-cycle. Sang Lee considers how technology can alleviate existing market inefficiencies.

In this months FORUM, Gil Mandelzis asks 3 major banks about the key components of an effective Prime Brokerage solution, and future trends of the market.

FXall examines what type of FXPB technology and tools will open up the product to a wider audience.

Martin De Waziers believes that integrating an eFXPB service fully with all parts of a bank is essential for achieving success.

Today, Prime Brokerage services extend far beyond the optimisation of credit. Renee Benton traces some common features of eFX prime broker services and the reasons for their demand.

Prime Brokerage involves a complicated post-trade workflow. Neill Penney demonstrates the improvement in efficiency that's achieved by incorporating STP into the heart of the PB process.

Sang Lee explains the Traiana Harmony initiative based on providing a shared utility to manage the inter-bank, post trade processes in prime brokerage, eliminating a large inefficiency between banks.

The development of FXPB represents a revolutionary change to the structure of FX trading and credit relationships and offers many benefits to all participants in the FX market says Lori Mirek.

- The ABN AMRO Experience