Prime-of-prime solutions – Sustainable solutions and evaluating means of access to credit in foreign exchange markets


The growth of prime-of-prime in FX has been borne out of necessity as, prior to January 2015, the FX had industry relied heavily on banks to gain access to both credit and markets via prime brokerage arrangements. 

Prime-of-prime providers offer a sustainable, long-term solution to segments of the market that have been de-prioritised and shut off from access by traditional credit intermediating banks. 

Based on a survey of global FX market participants, this white paper explores the preferences, needs and attitudes clients and the broader FX market have in relation to tiered credit intermediation.