Prime Brokerage
Description
Prime brokerage is a specialized service offered by investment banks and large brokerage firms to hedge funds. This course provides an in-depth overview of prime brokerage, covering its products, services, and the relationship between prime brokers and hedge funds. Participants will gain insights into the business environment of prime brokers, including foreign exchange prime brokerage and securities lending.
The course begins with an overview of prime brokerage and its role as a provider of bundled products and services to hedge funds. Participants will understand how prime brokers act as intermediaries between hedge funds and the marketplace, offering centralized securities clearing facilities and netting collateral requirements across all deals.
Next, the course explores the relationship between prime brokers and hedge funds, highlighting the benefits for hedge funds, such as centralized clearing, netting of collateral, and revenue generation from fees on cash and security positions. Participants will learn about the various services offered by prime brokers and their importance in supporting hedge fund operations.
The training then covers the business environment of prime brokers, including the competitive landscape, regulatory considerations, and the operational challenges faced by prime brokerage firms. Participants will gain insights into the revenue sources of prime brokers, including fees for clearing and other ancillary services.
The course continues with an exploration of foreign exchange prime brokerage, explaining how prime brokers facilitate foreign exchange trading for hedge funds and the services provided in this area.
Finally, the course addresses securities lending, a critical service offered by prime brokers to hedge funds. Participants will learn about the mechanics of securities lending, its benefits, and the role it plays in enhancing hedge fund strategies.
By the end of this course, participants will be able to:
- Understand the role and importance of prime brokerage in supporting hedge funds.
- Explain the relationship between prime brokers and hedge funds, including the benefits of hedge funds.
- Analyze the business environment of prime brokers, including regulatory considerations and revenue sources.
- Describe the services provided by prime brokers, including foreign exchange prime brokerage and securities lending.
- Evaluate the impact of prime brokerage services on hedge fund strategies and operations.
This training course equips participants with comprehensive knowledge of prime brokerage, enabling them to understand its role in the financial markets, its services to hedge funds, and its impact on financial strategies and operations.
is issued on the Luxoft Training form
Objectives
To provide the audience with an understanding of the distinguishing features of prime brokerage, its role in hedge fund activities, main services, and the prime broker's business environment.
Target Audience
Testers, System and Business Analysts, Architects, Developers, and Project Managers working on financial markets projects
Prerequisites
Completed introductory training in financial markets and investment banking or possess equivalent knowledge.
Roadmap
Overview of Prime Brokerage & Hedge Funds (1 hour)
The Relationship Between Prime Brokers and Hedge Funds (1 hour)
The Prime Broker’s Business Environment (1 hour)
Foreign Exchange Prime Brokerage (1 hour)
Securities Lending (1 hour)
Total: 5 hours