Prime brokers emphasize risk management

These are heady times in the prime brokerage industry. There's a feeling that lots of business is up in the air, there for the taking if you've got the right offering. Prime brokerages have heard the call, and are starting to build more risk management tools into their services, reports Advanced Trading. This is going on at all levels, at the big primes and the so-called mini-primes.

Says one executive: "We have built a super-domain. We can see every account, every execution in real-time. It allows us to sleep a whole lot better at night." The flip side of this is the resurgence of third-party administrators. They are no doubt hip to the marketing benefits of risk management, and we'll likely see some tools built into these products as well. One benefit is that this technology is increasingly being made available to smaller funds, not just the big funds.    

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- here's the article

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